Bowling Portfolio Management LLC Sells 267 Shares of Valero Energy Co. (NYSE:VLO)


Bowling Portfolio Management LLC lowered its holdings in Valero Energy Co. (NYSE:VLO – Get Rating) by 9.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,542 shares of the oil and gas company’s stock after selling 267 shares during the period. Bowling Portfolio Management LLC’s holdings in Valero Energy were worth $258,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of VLO. Bromfield Sneider Wealth Advisors bought a new stake in shares of Valero Energy during the 1st quarter worth approximately $28,000. Amplius Wealth Advisors LLC bought a new stake in shares of Valero Energy during the 4th quarter worth approximately $25,000. Earnest Partners LLC lifted its holdings in shares of Valero Energy by 76.3% during the 4th quarter. Earnest Partners LLC now owns 349 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 151 shares during the period. EverSource Wealth Advisors LLC bought a new stake in shares of Valero Energy during the 4th quarter worth approximately $27,000. Finally, Allegheny Financial Group LTD bought a new stake in shares of Valero Energy during the 4th quarter worth approximately $28,000. 77.56% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on VLO shares. Royal Bank of Canada upped their price target on shares of Valero Energy from $108.00 to $120.00 in a report on Wednesday, April 27th. Redburn Partners cut shares of Valero Energy from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 1st. Citigroup upped their price objectively on shares of Valero Energy from $94.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, April 26th. Cowen upped their price objective on shares of Valero Energy from 106.00 to $116.00 in a research report on Wednesday, April 27th. Finally, Cowen upped their price objective on shares of Valero Energy from 106.00 to $116.00 in a research report on Wednesday, April 27th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and an average price target of $128.46.

In other news, COO R. Lane Riggs sold 17,767 shares of the stock in a transaction on Friday, May 27th. The shares were sold at an average price of $131.53, for a total transaction of $2,336,893.51. Following the completion of the sale, the chief operating officer now directly owns 254,905 shares in the company, valued at $33,527,654.65. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.04% of the company’s stock.

Shares of NYSE VLO opened at $113.13 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 1.18. Valero Energy Co. has a 52-week low of $58.85 and a 52-week high of $146.80. The firm has a 50 day moving average price of $122.34 and a two-hundred day moving average price of $97.91. The stock has a market cap of $46.17 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 1.12 and a beta of 1.77.

Valero Energy (NYSE:VLO – Get Rating) last announced its quarterly earnings results on Tuesday, April 26th. The oil and gas company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.70. Valero Energy had a net margin of 1.93% and a return on equity of 13.69%. The firm had revenue of $38.54 billion during the quarter, compared to analysts’ expectations of $32.23 billion. During the same period in the prior year, the company posted ($1.73) EPS. The company’s revenue was up 85.2% on a year-over-year basis. Analysts predict that Valero Energy Co. will post 16.68 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 7th. Stockholders of record on Thursday, May 12th were given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Wednesday, May 11th. Valero Energy’s dividend payout ratio (DPR) is currently 63.33%.

Valero Energy Company Profile (Get Rating)

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.

Further Reading

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



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