Affinity Investment Advisors LLC Sells 2,898 Shares of Valero Energy (VLO)
Affinity Investment Advisors LLC decreased its position in shares of Valero Energy (NYSE:VLO) by 1.9% during the 1st quarter, HoldingsChannel reports. The fund owned 145,879 shares of the oil and gas company’s stock after selling 2,898 shares during the period. Valero Energy comprises approximately 1.6% of Affinity Investment Advisors LLC’s portfolio, making the stock its 23rd largest holding. Affinity Investment Advisors LLC’s holdings in Valero Energy were worth $13,533,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WINTON GROUP Ltd raised its position in shares of Valero Energy by 831.0% in the 4th quarter. WINTON GROUP Ltd now owns 116,958 shares of the oil and gas company’s stock worth $10,750,000 after acquiring an additional 104,396 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Valero Energy by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 4,853,651 shares of the oil and gas company’s stock worth $445,213,000 after acquiring an additional 72,930 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Valero Energy by 31.1% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 35,394 shares of the oil and gas company’s stock worth $3,253,000 after acquiring an additional 8,400 shares in the last quarter. Mariner Wealth Advisors LLC raised its position in shares of Valero Energy by 18.4% in the 4th quarter. Mariner Wealth Advisors LLC now owns 47,543 shares of the oil and gas company’s stock worth $4,369,000 after acquiring an additional 7,382 shares in the last quarter. Finally, Koshinski Asset Management Inc. grew its stake in shares of Valero Energy by 53.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 4,979 shares of the oil and gas company’s stock valued at $458,000 after buying an additional 1,743 shares during the period. 80.68% of the stock is currently owned by institutional investors.
Several analysts have recently commented on VLO shares. Piper Jaffray restated a “hold” rating and issued a $98.00 target price on shares of Valero Energy in a research note on Monday, January 22nd. Citigroup raised their target price on Valero Energy from $76.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Bank of America raised their target price on Valero Energy from $102.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Royal Bank of Canada restated a “buy” rating and issued a $110.00 target price on shares of Valero Energy in a research note on Tuesday, January 30th. Finally, Cowen restated a “buy” rating and issued a $100.00 target price on shares of Valero Energy in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Valero Energy has a consensus rating of “Hold” and an average price target of $104.18.
Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, April 26th. The oil and gas company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.07. The business had revenue of $264.90 million during the quarter, compared to the consensus estimate of $23.35 billion. Valero Energy had a return on equity of 10.61% and a net margin of 4.29%. The company’s quarterly revenue was down 98.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. analysts forecast that Valero Energy will post 7.18 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 5th. Shareholders of record on Thursday, May 17th will be paid a dividend of $0.80 per share. The ex-dividend date is Wednesday, May 16th. This represents a $3.20 dividend on an annualized basis and a yield of 2.78%. Valero Energy’s dividend payout ratio (DPR) is currently 64.52%.
Valero Energy declared that its board has initiated a share repurchase plan on Tuesday, January 23rd that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the oil and gas company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.
About Valero Energy
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. 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. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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