Winch Advisory Services LLC raised its holdings in shares of Valero Energy Co. (NYSE:VLO) by 3.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,859 shares of the oil and gas company’s stock after purchasing an additional 1,350 shares during the quarter. Valero Energy makes up approximately 1.7% of Winch Advisory Services LLC’s portfolio, making the stock its 19th largest holding. Winch Advisory Services LLC’s holdings in Valero Energy were worth $3,327,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lee Financial Group Hawaii Inc. increased its position in shares of Valero Energy by 0.8% during the second quarter. Lee Financial Group Hawaii Inc. now owns 48,496 shares of the oil and gas company’s stock valued at $4,152,000 after buying an additional 382 shares during the period. Thomasville National Bank bought a new stake in shares of Valero Energy during the second quarter valued at about $1,606,000. First Mercantile Trust Co. increased its position in shares of Valero Energy by 615.9% during the first quarter. First Mercantile Trust Co. now owns 5,584 shares of the oil and gas company’s stock valued at $474,000 after buying an additional 4,804 shares during the period. Allen Capital Group LLC increased its position in shares of Valero Energy by 11.6% in the second quarter. Allen Capital Group LLC now owns 9,268 shares of the oil and gas company’s stock worth $793,000 after purchasing an additional 962 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new position in shares of Valero Energy in the first quarter worth approximately $2,706,000. 78.80% of the stock is currently owned by institutional investors and hedge funds.
NYSE VLO traded down $3.24 on Friday, reaching $74.18. 2,995,818 shares of the company’s stock traded hands, compared to its average volume of 3,231,152. Valero Energy Co. has a 12 month low of $68.81 and a 12 month high of $122.42. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.42 and a quick ratio of 0.92. The stock has a 50-day simple moving average of $81.37 and a 200 day simple moving average of $82.68. The stock has a market cap of $32.08 billion, a PE ratio of 10.07, a P/E/G ratio of 1.86 and a beta of 1.48.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 6th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend is Monday, August 5th. Valero Energy’s payout ratio is currently 48.85%.
VLO has been the topic of several research analyst reports. Goldman Sachs Group upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $96.00 to $92.00 in a research report on Thursday, June 6th. JPMorgan Chase & Co. upgraded shares of Valero Energy from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $102.00 to $105.00 in a research report on Tuesday, May 14th. Wells Fargo & Co set a $107.00 price objective on shares of Valero Energy and gave the stock a “buy” rating in a research report on Friday, July 26th. Royal Bank of Canada set a $98.00 price objective on shares of Valero Energy and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, ValuEngine cut shares of Valero Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $105.47.
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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