Peddock Capital Advisors LLC grew its stake in Valero Energy Co. (NYSE:VLO) by 9.8% in the first quarter, Holdings Channel reports. The fund owned 13,745 shares of the oil and gas company’s stock after acquiring an additional 1,230 shares during the period. Peddock Capital Advisors LLC’s holdings in Valero Energy were worth $1,166,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in VLO. Oregon Public Employees Retirement Fund raised its stake in shares of Valero Energy by 4,599.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,491,501 shares of the oil and gas company’s stock worth $167,000 after acquiring an additional 12,225,706 shares during the last quarter. Norges Bank bought a new position in shares of Valero Energy in the fourth quarter worth about $346,427,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Valero Energy in the fourth quarter worth about $91,065,000. Two Sigma Advisers LP raised its stake in shares of Valero Energy by 130.5% in the fourth quarter. Two Sigma Advisers LP now owns 1,378,059 shares of the oil and gas company’s stock worth $103,313,000 after acquiring an additional 780,230 shares during the last quarter. Finally, Scout Investments Inc. bought a new position in shares of Valero Energy in the first quarter worth about $60,786,000. 77.00% of the stock is owned by institutional investors.
A number of brokerages have weighed in on VLO. Goldman Sachs Group raised shares of Valero Energy from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $96.00 to $92.00 in a research note on Thursday, June 6th. JPMorgan Chase & Co. raised shares of Valero Energy from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $102.00 to $105.00 in a research note on Tuesday, May 14th. ValuEngine downgraded shares of Valero Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Raymond James boosted their target price on shares of Valero Energy from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Morgan Stanley boosted their target price on shares of Valero Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $109.02.
Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, April 25th. The oil and gas company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.14. Valero Energy had a net margin of 2.43% and a return on equity of 12.52%. The firm had revenue of $24.26 billion during the quarter, compared to the consensus estimate of $24.38 billion. During the same quarter in the prior year, the firm earned $1.00 earnings per share. The business’s quarterly revenue was down 8.2% on a year-over-year basis. On average, sell-side analysts forecast that Valero Energy Co. will post 6.44 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Wednesday, May 15th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.72%. The ex-dividend date was Tuesday, May 14th. Valero Energy’s dividend payout ratio (DPR) is presently 48.85%.
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Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.
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