Oak Associates Ltd. OH Grows Stake in Valero Energy Co. (VLO)

Oak Associates Ltd. OH increased its stake in shares of Valero Energy Co. (NYSE:VLO) by 0.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 123,030 shares of the oil and gas company’s stock after purchasing an additional 540 shares during the period. Oak Associates Ltd. OH’s holdings in Valero Energy were worth $10,437,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strs Ohio boosted its stake in Valero Energy by 4.2% during the 4th quarter. Strs Ohio now owns 240,181 shares of the oil and gas company’s stock valued at $18,006,000 after purchasing an additional 9,577 shares during the period. Winslow Evans & Crocker Inc. boosted its stake in Valero Energy by 15.1% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,142 shares of the oil and gas company’s stock valued at $86,000 after purchasing an additional 150 shares during the period. Strategic Wealth Partners Ltd. boosted its stake in Valero Energy by 876.2% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 410 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 368 shares during the period. Sumitomo Life Insurance Co. boosted its stake in Valero Energy by 2.5% during the 4th quarter. Sumitomo Life Insurance Co. now owns 13,961 shares of the oil and gas company’s stock valued at $1,047,000 after purchasing an additional 337 shares during the period. Finally, Calamos Advisors LLC boosted its stake in Valero Energy by 15.7% during the 4th quarter. Calamos Advisors LLC now owns 80,395 shares of the oil and gas company’s stock valued at $6,027,000 after purchasing an additional 10,881 shares during the period. 77.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy stock opened at $76.22 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.43 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $31.80 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 1.59 and a beta of 1.18. Valero Energy Co. has a 12 month low of $68.81 and a 12 month high of $126.98.



Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.20 by $0.14. The firm had revenue of $24.26 billion during the quarter, compared to analysts’ expectations of $24.38 billion. Valero Energy had a return on equity of 12.52% and a net margin of 2.43%. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 EPS. As a group, analysts expect that Valero Energy Co. will post 6.47 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be issued a $0.90 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.60 annualized dividend and a yield of 4.72%. Valero Energy’s dividend payout ratio (DPR) is 48.85%.

Several analysts recently weighed in on VLO shares. Morgan Stanley increased their target price on Valero Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. ValuEngine downgraded Valero Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Argus set a $110.00 price target on Valero Energy and gave the company a “buy” rating in a report on Tuesday, February 5th. JPMorgan Chase & Co. raised Valero Energy from a “neutral” rating to an “overweight” rating and upped their price target for the company from $102.00 to $105.00 in a report on Tuesday, May 14th. Finally, Wolfe Research raised Valero Energy from a “peer perform” rating to an “outperform” rating in a report on Friday, March 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. Valero Energy presently has a consensus rating of “Buy” and an average price target of $107.82.

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Valero Energy 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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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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