3,350 Shares in Valero Energy Co. (NYSE:VLO) Bought by Security National Bank


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Security National Bank bought a new position in shares of Valero Energy Co. (NYSE:VLO) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,350 shares of the oil and gas company’s stock, valued at approximately $240,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stratos Wealth Advisors LLC increased its holdings in Valero Energy by 4.9% during the fourth quarter. Stratos Wealth Advisors LLC now owns 51,617 shares of the oil and gas company’s stock worth $2,920,000 after buying an additional 2,429 shares during the last quarter. Meritage Portfolio Management acquired a new position in Valero Energy during the fourth quarter worth $2,038,000. IBM Retirement Fund increased its holdings in Valero Energy by 4.1% during the fourth quarter. IBM Retirement Fund now owns 15,104 shares of the oil and gas company’s stock worth $854,000 after buying an additional 588 shares during the last quarter. Consolidated Investment Group LLC increased its holdings in Valero Energy by 164.7% during the fourth quarter. Consolidated Investment Group LLC now owns 22,500 shares of the oil and gas company’s stock worth $1,272,000 after buying an additional 14,000 shares during the last quarter. Finally, Wealth Advisory Solutions LLC increased its holdings in Valero Energy by 170.1% during the third quarter. Wealth Advisory Solutions LLC now owns 109,963 shares of the oil and gas company’s stock worth $4,763,000 after buying an additional 69,258 shares during the last quarter. Institutional investors and hedge funds own 74.57% of the company’s stock.

Shares of Valero Energy stock traded down $1.74 during trading on Thursday, reaching $72.67. The company’s stock had a trading volume of 67,776 shares, compared to its average volume of 4,031,034. The business’s 50-day moving average price is $75.49 and its 200-day moving average price is $57.91. The firm has a market cap of $29.69 billion, a PE ratio of -2,479.51, a P/E/G ratio of 84.85 and a beta of 2.14. Valero Energy Co. has a 52 week low of $35.44 and a 52 week high of $84.39. The company has a quick ratio of 1.24, a current ratio of 1.90 and a debt-to-equity ratio of 0.73.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, January 28th. The oil and gas company reported ($1.06) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.48) by $0.42. The firm had revenue of $16.60 billion for the quarter, compared to the consensus estimate of $13.87 billion. During the same period in the prior year, the company earned $2.13 EPS. The company’s revenue for the quarter was down 40.4% compared to the same quarter last year. Equities analysts predict that Valero Energy Co. will post -3.6 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 4th. Investors of record on Thursday, February 11th were given a dividend of $0.98 per share. The ex-dividend date was Wednesday, February 10th. This represents a $3.92 annualized dividend and a yield of 5.39%. Valero Energy’s dividend payout ratio is 68.77%.

Several equities analysts have commented on VLO shares. Wells Fargo & Company upped their price objective on shares of Valero Energy from $70.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, February 25th. Zacks Investment Research downgraded shares of Valero Energy from a “buy” rating to a “hold” rating and set a $81.00 price objective on the stock. in a report on Wednesday, March 3rd. Mizuho upped their price objective on shares of Valero Energy from $50.00 to $86.00 and gave the company a “buy” rating in a report on Friday, February 26th. Morgan Stanley upped their price objective on shares of Valero Energy from $74.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, March 17th. Finally, Citigroup upped their price objective on shares of Valero Energy from $70.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, March 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Valero Energy currently has an average rating of “Buy” and an average target price of $77.25.

Valero Energy Company Profile

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.

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

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