Canal Insurance CO Sells 100 Shares of Valero Energy Co. (NYSE:VLO)

Canal Insurance CO decreased its position in shares of Valero Energy Co. (NYSE:VLOFree Report) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,000 shares of the oil and gas company’s stock after selling 100 shares during the quarter. Canal Insurance CO’s holdings in Valero Energy were worth $2,600,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. BKM Wealth Management LLC bought a new stake in shares of Valero Energy in the 4th quarter valued at $26,000. Live Oak Investment Partners acquired a new stake in Valero Energy in the 4th quarter valued at $26,000. Indiana Trust & Investment Management CO purchased a new position in Valero Energy during the 3rd quarter worth $28,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Valero Energy during the 3rd quarter worth $28,000. Finally, Quarry LP boosted its holdings in Valero Energy by 1,676.9% during the 1st quarter. Quarry LP now owns 231 shares of the oil and gas company’s stock worth $32,000 after acquiring an additional 218 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

VLO has been the topic of a number of analyst reports. Mizuho downgraded shares of Valero Energy from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $150.00 to $173.00 in a report on Friday, March 22nd. Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $156.00 to $210.00 in a report on Friday, March 15th. Barclays lifted their price objective on shares of Valero Energy from $149.00 to $179.00 and gave the stock an “overweight” rating in a report on Wednesday. Citigroup started coverage on Valero Energy in a research note on Wednesday, January 24th. They set a “buy” rating on the stock. Finally, UBS Group lifted their target price on Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a research note on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and an average target price of $171.62.

View Our Latest Research Report on Valero Energy

Valero Energy Stock Performance

Valero Energy stock traded up $1.18 during midday trading on Thursday, reaching $181.55. The stock had a trading volume of 445,416 shares, compared to its average volume of 3,423,793. Valero Energy Co. has a 12 month low of $104.18 and a 12 month high of $182.83. The firm’s 50-day moving average price is $150.36 and its 200 day moving average price is $136.78. The firm has a market capitalization of $60.36 billion, a PE ratio of 7.29, a P/E/G ratio of 1.82 and a beta of 1.54. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLOGet Free Report) last issued its quarterly earnings data on Thursday, January 25th. The oil and gas company reported $3.55 EPS for the quarter, topping the consensus estimate of $2.95 by $0.60. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The company had revenue of $35.41 billion during the quarter, compared to analyst estimates of $34.76 billion. During the same quarter in the previous year, the firm earned $8.45 earnings per share. Valero Energy’s revenue was down 15.2% on a year-over-year basis. As a group, research analysts predict that Valero Energy Co. will post 16.2 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Thursday, February 1st were paid a $1.07 dividend. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $4.28 annualized dividend and a yield of 2.36%. This is a positive change from Valero Energy’s previous quarterly dividend of $1.02. Valero Energy’s dividend payout ratio is currently 17.31%.

Valero Energy Company Profile

(Free Report)

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.

Further Reading

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

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