Heritage Trust Co trimmed its position in shares of Valero Energy Co. (NYSE:VLO) by 16.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,288 shares of the oil and gas company’s stock after selling 1,673 shares during the quarter. Heritage Trust Co’s holdings in Valero Energy were worth $375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Red Door Wealth Management LLC acquired a new stake in shares of Valero Energy during the 1st quarter valued at about $25,000. Allworth Financial LP lifted its holdings in Valero Energy by 70.4% in the 1st quarter. Allworth Financial LP now owns 569 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 235 shares during the last quarter. Ballast Advisors LLC acquired a new stake in Valero Energy in the 1st quarter worth approximately $29,000. Sugarloaf Wealth Management LLC acquired a new stake in Valero Energy in the 4th quarter worth approximately $33,000. Finally, Raab & Moskowitz Asset Management LLC acquired a new stake in Valero Energy in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 78.51% of the company’s stock.
In related news, Director Randall J. Weisenburger purchased 45,000 shares of the stock in a transaction on Thursday, March 12th. The shares were purchased at an average cost of $47.31 per share, for a total transaction of $2,128,950.00. Following the completion of the transaction, the director now directly owns 100,274 shares of the company’s stock, valued at approximately $4,743,962.94. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.34% of the company’s stock.
Shares of VLO traded down $0.05 on Friday, reaching $65.68. 3,506,476 shares of the stock traded hands, compared to its average volume of 5,087,627. The firm has a market cap of $26.80 billion, a price-to-earnings ratio of 12.04 and a beta of 1.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.31 and a quick ratio of 0.89. Valero Energy Co. has a 12 month low of $31.00 and a 12 month high of $101.99. The stock’s 50-day moving average price is $54.99 and its 200-day moving average price is $76.01.
Valero Energy (NYSE:VLO) last released its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.49. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.22 billion. Valero Energy had a return on equity of 10.51% and a net margin of 0.41%. Valero Energy’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 earnings per share. As a group, equities research analysts forecast that Valero Energy Co. will post -1.48 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Thursday, May 14th will be given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date is Wednesday, May 13th. Valero Energy’s dividend payout ratio (DPR) is 68.77%.
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.
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