Fulton Bank N.A. increased its position in shares of Valero Energy Co. (NYSE:VLO) by 16.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,941 shares of the oil and gas company’s stock after buying an additional 2,082 shares during the period. Fulton Bank N.A.’s holdings in Valero Energy were worth $990,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Manning & Napier Advisors LLC increased its stake in shares of Valero Energy by 9.7% in the first quarter. Manning & Napier Advisors LLC now owns 61,581 shares of the oil and gas company’s stock valued at $4,081,000 after buying an additional 5,461 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of Valero Energy by 2.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 392,118 shares of the oil and gas company’s stock valued at $25,994,000 after buying an additional 10,581 shares during the last quarter. Park National Corp OH increased its stake in shares of Valero Energy by 2.3% in the first quarter. Park National Corp OH now owns 5,374 shares of the oil and gas company’s stock valued at $357,000 after buying an additional 121 shares during the last quarter. Philadelphia Trust Co. increased its stake in shares of Valero Energy by 2,194.9% in the fourth quarter. Philadelphia Trust Co. now owns 123,009 shares of the oil and gas company’s stock valued at $8,404,000 after buying an additional 117,649 shares during the last quarter. Finally, Searle & CO. acquired a new stake in shares of Valero Energy during the fourth quarter valued at $222,000. Institutional investors and hedge funds own 78.06% of the company’s stock.
Valero Energy Co. (NYSE:VLO) traded up 1.34% during midday trading on Friday, reaching $64.96. The company had a trading volume of 1,296,334 shares. The firm’s 50 day moving average is $66.27 and its 200 day moving average is $64.29. Valero Energy Co. has a 1-year low of $46.88 and a 1-year high of $71.40. The stock has a market capitalization of $29.30 billion, a PE ratio of 13.17 and a beta of 1.38.
Valero Energy (NYSE:VLO) last released its earnings results on Tuesday, January 31st. The oil and gas company reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.04. The firm earned $20.71 billion during the quarter, compared to analysts’ expectations of $17.42 billion. Valero Energy had a net margin of 3.03% and a return on equity of 8.08%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.79 EPS. On average, equities analysts anticipate that Valero Energy Co. will post $4.92 EPS for the current fiscal year.
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Several brokerages recently issued reports on VLO. Barclays PLC reissued a “buy” rating and issued a $95.00 price objective on shares of Valero Energy in a research note on Wednesday, January 11th. Vetr raised Valero Energy from a “hold” rating to a “buy” rating and set a $71.36 price objective on the stock in a research note on Monday, January 2nd. Bank of America Corp raised Valero Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $68.00 to $86.00 in a research note on Thursday, January 5th. Mizuho increased their price objective on Valero Energy from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Finally, Scotiabank reissued a “buy” rating and issued a $70.00 price objective on shares of Valero Energy in a research note on Monday, March 27th. Ten research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $67.92.
In related news, Director Stephen M. Waters sold 1,000 shares of the company’s stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $66.19, for a total transaction of $66,190.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph W. Gorder sold 39,057 shares of the stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $67.85, for a total transaction of $2,650,017.45. Following the completion of the transaction, the insider now owns 364,377 shares of the company’s stock, valued at approximately $24,722,979.45. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.
Valero Energy Company Profile
Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.
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