Donaldson Capital Management LLC Grows Position in Valero Energy Co. (NYSE:VLO)

Donaldson Capital Management LLC grew its position in shares of Valero Energy Co. (NYSE:VLO) by 7,755.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 283,579 shares of the oil and gas company’s stock after acquiring an additional 279,969 shares during the quarter. Valero Energy comprises approximately 1.1% of Donaldson Capital Management LLC’s holdings, making the stock its 29th largest holding. Donaldson Capital Management LLC owned 0.07% of Valero Energy worth $20,304,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of VLO. Sittner & Nelson LLC bought a new position in Valero Energy during the fourth quarter valued at $25,000. CVA Family Office LLC bought a new position in shares of Valero Energy in the 1st quarter valued at about $25,000. Patriot Financial Group Insurance Agency LLC boosted its stake in Valero Energy by 97.9% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 473 shares of the oil and gas company’s stock worth $27,000 after buying an additional 234 shares during the period. Glassman Wealth Services raised its stake in shares of Valero Energy by 120.6% in the fourth quarter. Glassman Wealth Services now owns 503 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 275 shares during the period. Finally, Clearview Wealth Advisors LLC purchased a new position in shares of Valero Energy during the 4th quarter worth about $34,000. 74.57% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have issued reports on VLO shares. Zacks Investment Research lowered Valero Energy from a “buy” rating to a “hold” rating and set a $81.00 target price for the company. in a research report on Wednesday, March 3rd. Morgan Stanley boosted their price objective on Valero Energy from $74.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, March 17th. Raymond James upgraded Valero Energy from an “outperform” rating to a “strong-buy” rating and set a $96.00 target price on the stock in a research note on Thursday, April 22nd. Citigroup boosted their target price on shares of Valero Energy from $70.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, March 2nd. Finally, Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research note on Monday, April 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $82.94.

Shares of NYSE VLO opened at $81.21 on Monday. Valero Energy Co. has a fifty-two week low of $35.44 and a fifty-two week high of $84.39. The company has a market cap of $33.20 billion, a PE ratio of -2,706.10, a P/E/G ratio of 84.85 and a beta of 2.14. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.24 and a current ratio of 1.90. The business has a 50-day simple moving average of $73.91 and a two-hundred day simple moving average of $63.67.

Valero Energy (NYSE:VLO) last released its earnings results on Wednesday, April 21st. The oil and gas company reported ($1.73) EPS for the quarter, topping analysts’ consensus estimates of ($1.91) by $0.18. The company had revenue of $20.81 billion during the quarter, compared to analyst estimates of $17.42 billion. During the same quarter last year, the business earned $0.34 earnings per share. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, sell-side analysts predict that Valero Energy Co. will post -3.6 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 8th. Shareholders of record on Monday, May 17th will be paid a dividend of $0.98 per share. The ex-dividend date is Friday, May 14th. This represents a $3.92 annualized dividend and a yield of 4.83%. Valero Energy’s payout ratio is presently 68.77%.

About Valero Energy

Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company is involved in oil and gas refining, marketing, and bulk selling activities.

Further Reading: What is the Quick Ratio?

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

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