Mangrove Partners IM LLC Acquires New Holdings in Valero Energy Corporation $VLO

Mangrove Partners IM LLC bought a new stake in Valero Energy Corporation (NYSE:VLO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,575 shares of the oil and gas company’s stock, valued at approximately $908,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Valero Energy during the 4th quarter worth approximately $1,111,542,000. Arrowstreet Capital Limited Partnership bought a new position in Valero Energy in the 3rd quarter valued at $275,239,000. Pacer Advisors Inc. raised its position in Valero Energy by 2,635.7% in the 4th quarter. Pacer Advisors Inc. now owns 950,527 shares of the oil and gas company’s stock valued at $154,736,000 after purchasing an additional 915,782 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Valero Energy by 49.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,696,811 shares of the oil and gas company’s stock worth $276,224,000 after acquiring an additional 560,116 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Valero Energy by 7.5% during the fourth quarter. Franklin Resources Inc. now owns 5,668,210 shares of the oil and gas company’s stock worth $922,728,000 after acquiring an additional 394,693 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Trading Down 1.1%

Shares of VLO stock opened at $244.49 on Wednesday. The company has a market cap of $72.60 billion, a PE ratio of 17.77, a P/E/G ratio of 0.35 and a beta of 0.55. Valero Energy Corporation has a fifty-two week low of $130.78 and a fifty-two week high of $265.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.15 and a current ratio of 1.58. The stock’s fifty day moving average price is $245.58 and its two-hundred day moving average price is $213.82.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, topping the consensus estimate of $3.16 by $1.06. The firm had revenue of $32.38 billion for the quarter, compared to the consensus estimate of $31.38 billion. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 EPS. Equities analysts predict that Valero Energy Corporation will post 27.25 EPS for the current fiscal year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Thursday, May 21st will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, May 21st. Valero Energy’s payout ratio is presently 34.88%.

Analyst Upgrades and Downgrades

VLO has been the subject of a number of analyst reports. Citigroup lifted their price objective on Valero Energy from $246.00 to $259.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Raymond James Financial upped their price objective on Valero Energy from $215.00 to $290.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, March 25th. Wells Fargo & Company upped their target price on Valero Energy from $220.00 to $292.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. TD Cowen upped their target price on Valero Energy from $255.00 to $276.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Finally, Wall Street Zen upgraded Valero Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Valero Energy has an average rating of “Moderate Buy” and an average target price of $245.59.

About Valero Energy

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.