Montecito Bank & Trust raised its holdings in shares of Valero Energy Co. (NYSE:VLO) by 6.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,132 shares of the oil and gas company’s stock after buying an additional 395 shares during the quarter. Montecito Bank & Trust’s holdings in Valero Energy were worth $525,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in VLO. Advisory Alpha LLC purchased a new stake in shares of Valero Energy during the first quarter worth $27,000. Covenant Multifamily Offices LLC purchased a new stake in shares of Valero Energy during the first quarter worth $36,000. Aspire Private Capital LLC purchased a new stake in shares of Valero Energy during the fourth quarter worth $38,000. First Manhattan Co. boosted its position in shares of Valero Energy by 47.1% during the 1st quarter. First Manhattan Co. now owns 453 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 145 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new position in shares of Valero Energy during the 1st quarter valued at about $44,000. 76.93% of the stock is owned by institutional investors and hedge funds.

NYSE VLO traded up $0.42 during trading hours on Tuesday, reaching $84.77. The company had a trading volume of 2,484,849 shares, compared to its average volume of 3,599,125. The firm has a 50-day moving average price of $80.86. Valero Energy Co. has a 1-year low of $68.81 and a 1-year high of $122.42. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.43 and a quick ratio of 0.92. The company has a market capitalization of $35.22 billion, a PE ratio of 11.50, a P/E/G ratio of 1.88 and a beta of 1.47.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, April 25th. The oil and gas company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.14. Valero Energy had a net margin of 2.43% and a return on equity of 12.52%. The company had revenue of $24.26 billion for the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. Valero Energy’s revenue for the quarter was down 8.2% compared to the same quarter last year. As a group, research analysts forecast that Valero Energy Co. will post 5.56 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders 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 dividend on an annualized basis and a yield of 4.25%. Valero Energy’s payout ratio is currently 48.85%.

VLO has been the topic of several recent research reports. Raymond James set a $33.00 price target on shares of LKQ and gave the company a “buy” rating in a research report on Friday, April 26th. Credit Suisse Group set a $155.00 price target on shares of Allergan and gave the company a “hold” rating in a research report on Monday, March 25th. ValuEngine raised shares of Zillow Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Goldman Sachs Group raised shares of Exelon from a “neutral” rating to a “buy” rating and boosted their price target for the company from $48.00 to $52.00 in a research report on Thursday, June 6th. Finally, JPMorgan Chase & Co. set a €20.00 ($23.26) price target on shares of STMicroelectronics and gave the company a “buy” rating in a research report on Tuesday, May 14th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Valero Energy presently has an average rating of “Buy” and an average price target of $109.02.

Valero Energy 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.

See Also: Fundamental Analysis

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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