Lee Danner & Bass Inc. trimmed its position in Valero Energy Co. (NYSE:VLO) by 1.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,065 shares of the oil and gas company’s stock after selling 312 shares during the quarter. Lee Danner & Bass Inc.’s holdings in Valero Energy were worth $1,448,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund grew its stake in Valero Energy by 4,599.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,491,501 shares of the oil and gas company’s stock worth $167,000 after buying an additional 12,225,706 shares during the last quarter. Northern Trust Corp grew its stake in Valero Energy by 3.3% during the 4th quarter. Northern Trust Corp now owns 6,386,167 shares of the oil and gas company’s stock worth $478,771,000 after buying an additional 202,230 shares during the last quarter. Norges Bank bought a new position in Valero Energy during the 4th quarter worth $346,427,000. Morgan Stanley grew its stake in Valero Energy by 14.2% during the 3rd quarter. Morgan Stanley now owns 3,545,018 shares of the oil and gas company’s stock worth $403,246,000 after buying an additional 441,925 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its stake in Valero Energy by 10.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,907,240 shares of the oil and gas company’s stock worth $217,955,000 after buying an additional 270,074 shares during the last quarter. Institutional investors and hedge funds own 78.70% of the company’s stock.
VLO stock traded up $0.85 during trading on Tuesday, reaching $82.26. 634,835 shares of the company’s stock were exchanged, compared to its average volume of 3,822,741. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.04 and a current ratio of 1.43. Valero Energy Co. has a 1-year low of $68.81 and a 1-year high of $126.98. The firm has a market capitalization of $34.69 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.90 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.60 dividend on an annualized basis and a yield of 4.38%. Valero Energy’s dividend payout ratio (DPR) is presently 48.85%.
A number of research analysts recently commented on VLO shares. Wolfe Research upgraded Valero Energy from a “peer perform” rating to an “outperform” rating in a research note on Friday, March 8th. Argus set a $110.00 price objective on Valero Energy and gave the stock a “buy” rating in a research note on Tuesday, February 5th. Macquarie upgraded Valero Energy from a “neutral” rating to an “outperform” rating and set a $81.20 price objective for the company in a research note on Friday, January 18th. Credit Suisse Group restated an “outperform” rating on shares of Valero Energy in a research note on Monday, March 25th. Finally, Goldman Sachs Group upgraded Valero Energy from a “sell” rating to a “neutral” rating and set a $80.00 price objective for the company in a research note on Friday, January 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $107.82.
In other Valero Energy news, Director Stephen M. Waters purchased 500 shares of Valero Energy stock in a transaction on Wednesday, February 20th. The stock was bought at an average price of $84.97 per share, for a total transaction of $42,485.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.38% of the company’s stock.
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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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