Stanley Laman Group Ltd. Trims Stake in Valero Energy Co. (NYSE:VLO)
Stanley Laman Group Ltd. decreased its position in shares of Valero Energy Co. (NYSE:VLO) by 19.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 11,161 shares of the oil and gas company’s stock after selling 2,690 shares during the period. Stanley Laman Group Ltd.’s holdings in Valero Energy were worth $955,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Advisory Alpha LLC bought a new stake in shares of Valero Energy in the 1st quarter worth approximately $27,000. Archford Capital Strategies LLC boosted its position in shares of Valero Energy by 122.7% in the 2nd quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 200 shares in the last quarter. Covenant Multifamily Offices LLC bought a new stake in shares of Valero Energy in the 1st quarter worth approximately $36,000. First Manhattan Co. boosted its position in shares of Valero Energy by 47.1% in the 1st quarter. First Manhattan Co. now owns 453 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 145 shares in the last quarter. Finally, NuWave Investment Management LLC boosted its position in shares of Valero Energy by 1,107.7% in the 2nd quarter. NuWave Investment Management LLC now owns 471 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 432 shares in the last quarter. Hedge funds and other institutional investors own 77.47% of the company’s stock.
A number of analysts have recently commented on the company. Goldman Sachs Group raised Valero Energy from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $96.00 to $92.00 in a research report on Thursday, June 6th. JPMorgan Chase & Co. raised Valero Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $102.00 to $105.00 in a research report on Tuesday, May 14th. Raymond James boosted their price target on Valero Energy from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Wells Fargo & Co set a $107.00 price target on Valero Energy and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, ValuEngine cut Valero Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. One 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 has an average rating of “Buy” and a consensus price target of $105.47.
Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.14. The business had revenue of $28.93 billion for the quarter, compared to analysts’ expectations of $25.45 billion. Valero Energy had a return on equity of 11.31% and a net margin of 2.27%. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.15 EPS. On average, equities analysts predict that Valero Energy Co. will post 5.34 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 6th will be given a $0.90 dividend. The ex-dividend date is Monday, August 5th. This represents a $3.60 annualized dividend and a yield of 4.75%. Valero Energy’s dividend payout ratio (DPR) is presently 48.85%.
Valero Energy Company 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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