Parkside Financial Bank & Trust decreased its position in Valero Energy Co. (NYSE:VLO – Get Rating) by 7.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,128 shares of the oil and gas company’s stock after selling 166 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Valero Energy were worth $217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of VLO. Lazard Asset Management LLC lifted its position in Valero Energy by 203.7% in the fourth quarter. Lazard Asset Management LLC now owns 1,792 shares of the oil and gas company’s stock valued at $134,000 after purchasing an additional 1,202 shares during the last quarter. Teacher Retirement System of Texas lifted its position in Valero Energy by 38.7% in the fourth quarter. Teacher Retirement System of Texas now owns 130,820 shares of the oil and gas company’s stock valued at $9,826,000 after purchasing an additional 36,473 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Valero Energy by 7.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,332,281 shares of the oil and gas company’s stock valued at $175,178,000 after purchasing an additional 160,381 shares during the last quarter. Paradigm Financial Partners LLC bought a new stake in Valero Energy in the fourth quarter valued at approximately $999,000. Finally, Capital Analysts LLC lifted its position in Valero Energy by 42.3% in the fourth quarter. Capital Analysts LLC now owns 973 shares of the oil and gas company’s stock valued at $73,000 after purchasing an additional 289 shares during the last quarter. Institutional investors own 79.78% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on VLO shares. StockNews.com upgraded Valero Energy from a “buy” rating to a “strong-buy” rating in a research report on Monday. BMO Capital Markets initiated coverage on Valero Energy in a report on Monday, June 13th. They set a “market perform” rating and a $155.00 target price for the company. Barclays upped their target price on Valero Energy from $133.00 to $139.00 and gave the company an “overweight” rating in a report on Tuesday, August 16th. Redburn Partners downgraded Valero Energy from a “buy” rating to a “neutral” rating in a report on Wednesday, June 1st. Finally, Wells Fargo & Company upped their target price on Valero Energy from $136.00 to $166.00 and gave the company an “overweight” rating in a report on Tuesday, June 14th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Valero Energy has a consensus rating of “Buy” and a consensus price target of $132.23.
Valero Energy Price Performance
Valero Energy (NYSE:VLO – Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The oil and gas company reported $11.36 earnings per share for the quarter, topping the consensus estimate of $6.33 by $5.03. The company had revenue of $51.64 billion for the quarter, compared to analysts’ expectations of $40.73 billion. Valero Energy had a return on equity of 34.65% and a net margin of 4.54%. The firm’s revenue for the quarter was up 86.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 earnings per share. Research analysts expect that Valero Energy Co. will post 26.69 EPS for the current fiscal year.
Valero Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 4th were paid a $0.98 dividend. The ex-dividend date was Wednesday, August 3rd. This represents a $3.92 annualized dividend and a yield of 3.50%. Valero Energy’s payout ratio is 22.57%.
Valero Energy Company Profile
Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids.
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