Fort Washington Investment Advisors Inc. OH Grows Stock Position in Valero Energy Corporation $VLO

Fort Washington Investment Advisors Inc. OH lifted its holdings in Valero Energy Corporation (NYSE:VLOFree Report) by 3.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 184,728 shares of the oil and gas company’s stock after purchasing an additional 6,071 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.06% of Valero Energy worth $30,072,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in VLO. Highline Wealth Partners LLC boosted its stake in shares of Valero Energy by 70.2% during the 3rd quarter. Highline Wealth Partners LLC now owns 160 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 66 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Valero Energy in the 3rd quarter worth $27,000. Global Wealth Strategies & Associates bought a new position in Valero Energy in the 3rd quarter worth $34,000. Cypress Capital Management LLC WY bought a new position in Valero Energy in the 3rd quarter worth $34,000. Finally, Triumph Capital Management purchased a new position in Valero Energy during the third quarter valued at $35,000. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. The Goldman Sachs Group raised their price objective on Valero Energy from $203.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Citigroup boosted their price objective on Valero Energy from $190.00 to $212.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Morgan Stanley increased their target price on shares of Valero Energy from $175.00 to $180.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 27th. Bank of America restated a “neutral” rating and set a $195.00 target price (down from $198.00) on shares of Valero Energy in a research note on Thursday, December 11th. Finally, Mizuho reaffirmed a “neutral” rating and set a $192.00 price target (up from $190.00) on shares of Valero Energy in a report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $199.53.

View Our Latest Report on Valero Energy

Trending Headlines about Valero Energy

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Insider Transactions at Valero Energy

In other Valero Energy news, SVP Eric A. Fisher sold 400 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $238.60, for a total transaction of $95,440.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.04% of the stock is currently owned by company insiders.

Valero Energy Price Performance

NYSE:VLO opened at $254.58 on Friday. The business’s 50-day simple moving average is $209.25 and its two-hundred day simple moving average is $183.67. Valero Energy Corporation has a 52 week low of $99.00 and a 52 week high of $255.97. The stock has a market cap of $76.13 billion, a PE ratio of 33.32, a P/E/G ratio of 0.62 and a beta of 0.70. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.36.

Valero Energy (NYSE:VLOGet Free Report) last released its quarterly earnings data on Thursday, January 29th. The oil and gas company reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $0.55. Valero Energy had a return on equity of 12.35% and a net margin of 1.91%.The firm had revenue of $30.37 billion during the quarter, compared to analyst estimates of $28.20 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Thursday, February 5th were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.9%. The ex-dividend date was Thursday, February 5th. This is a positive change from Valero Energy’s previous quarterly dividend of $1.13. Valero Energy’s dividend payout ratio is currently 62.83%.

Valero Energy Company Profile

(Free Report)

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.

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

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