Fieldpoint Private Securities LLC Sells 422 Shares of Valero Energy Co. (NYSE:VLO)

Fieldpoint Private Securities LLC reduced its position in Valero Energy Co. (NYSE:VLO – Get Rating) by 41.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 606 shares of the oil and gas company’s stock after selling 422 shares during the quarter. Fieldpoint Private Securities LLC’s holdings in Valero Energy were worth $62,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Amplius Wealth Advisors LLC bought a new stake in shares of Valero Energy in the fourth quarter valued at about $25,000. Earnest Partners LLC raised its holdings in Valero Energy by 76.3% in the fourth quarter. Earnest Partners LLC now owns 349 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 151 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in Valero Energy in the fourth quarter worth about $27,000. Allegheny Financial Group LTD bought a new position in Valero Energy in the fourth quarter worth about $28,000. Finally, West Oak Capital LLC bought a new position in Valero Energy in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 77.56% of the company’s stock.

In related news, COO R. Lane Riggs sold 17,767 shares of the business’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $131.53, for a total transaction of $2,336,893.51. Following the transaction, the chief operating officer now directly owns 254,905 shares in the company, valued at $33,527,654.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.

A number of equities analysts have commented on the stock. Raymond James boosted their target price on shares of Valero Energy from $105.00 to $117.00 and gave the stock a “strong-buy” rating in a report on Friday, April 8th. Piper Sandler boosted their price target on Valero Energy from $121.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, May 23rd. JPMorgan Chase & Co. boosted their price target on Valero Energy from $111.00 to $142.00 in a research note on Tuesday, May 17th. BMO Capital Markets assumed coverage on Valero Energy in a research note on Monday, June 13th. They set a “market perform” rating and a $155.00 price target on the stock. Finally, Citigroup boosted their price target on Valero Energy from $94.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, April 26th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.46.

Shares of NYSE:VLO opened at $113.13 on Thursday. Valero Energy Co. has a 12-month low of $58.85 and a 12-month high of $146.80. The company has a market capitalization of $46.17 billion, a PE ratio of 18.28, a PEG ratio of 1.12 and a beta of 1.77. The business has a 50 day moving average of $122.34 and a two-hundred day moving average of $97.91. The company has a current ratio of 1.18, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58.

Valero Energy (NYSE:VLO – Get Rating) last announced its quarterly earnings results on Tuesday, April 26th. The oil and gas company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.70. Valero Energy had a return on equity of 13.69% and a net margin of 1.93%. The company had revenue of $38.54 billion during the quarter, compared to the consensus estimate of $32.23 billion. During the same period in the previous year, the company posted ($1.73) earnings per share. Valero Energy’s revenue for the quarter was up 85.2% on a year-over-year basis. Equities research analysts predict that Valero Energy Co. will post 16.68 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 7th. Stockholders of record on Thursday, May 12th were issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date was Wednesday, May 11th. Valero Energy’s payout ratio is 63.33%.

About Valero Energy (Get Rating)

Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids.

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