Meridian Wealth Management LLC purchased a new position in shares of Valero Energy Co. (NYSE:VLO) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 864 shares of the oil and gas company’s stock, valued at approximately $73,000.
A number of other large investors also recently modified their holdings of VLO. Norges Bank acquired a new stake in Valero Energy during the fourth quarter worth approximately $346,427,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Valero Energy during the fourth quarter worth approximately $91,065,000. Two Sigma Advisers LP grew its position in Valero Energy by 130.5% during the fourth quarter. Two Sigma Advisers LP now owns 1,378,059 shares of the oil and gas company’s stock worth $103,313,000 after buying an additional 780,230 shares in the last quarter. Scout Investments Inc. acquired a new stake in Valero Energy during the first quarter worth approximately $60,786,000. Finally, Carillon Tower Advisers Inc. bought a new stake in Valero Energy during the first quarter worth $40,981,000. 76.88% of the stock is currently owned by institutional investors and hedge funds.
NYSE:VLO traded up $1.03 during trading hours on Thursday, hitting $84.43. 2,658,543 shares of the company were exchanged, compared to its average volume of 3,679,183. The company has a market cap of $35.10 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 1.67 and a beta of 1.47. The company has a quick ratio of 0.92, a current ratio of 1.43 and a debt-to-equity ratio of 0.41. Valero Energy Co. has a one year low of $68.81 and a one year high of $122.42. The business’s fifty day moving average is $78.42.
Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, April 25th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.14. The business had revenue of $24.26 billion during the quarter, compared to analyst estimates of $24.38 billion. Valero Energy had a return on equity of 12.52% and a net margin of 2.43%. Valero Energy’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period last year, the company earned $1.00 EPS. On average, research analysts anticipate that Valero Energy Co. will post 6.12 EPS for the current year.
VLO has been the subject of several recent analyst reports. Raymond James set a $33.00 target price on LKQ and gave the stock a “buy” rating in a research note on Friday, April 26th. ValuEngine upgraded Zillow Group from a “hold” rating to a “buy” rating in a research note on Thursday. Goldman Sachs Group upgraded Exelon from a “neutral” rating to a “buy” rating and upped their target price for the stock from $48.00 to $52.00 in a research note on Thursday, June 6th. Morgan Stanley cut their target price on Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th. Finally, Credit Suisse Group set a $155.00 price target on Allergan and gave the company a “hold” rating in a research note on Monday, March 25th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $109.02.
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.
Recommended Story: What does a bar chart display?
Receive News & Ratings for Valero Energy Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Valero Energy and related companies with MarketBeat.com’s FREE daily email newsletter.