Asset Management One Co. Ltd. decreased its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 4.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,901 shares of the oil and gas company's stock after selling 5,387 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Valero Energy were worth $16,595,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Norden Group LLC acquired a new stake in shares of Valero Energy during the first quarter valued at about $452,000. Financial Counselors Inc. boosted its stake in Valero Energy by 23.3% during the 1st quarter. Financial Counselors Inc. now owns 3,766 shares of the oil and gas company's stock valued at $643,000 after acquiring an additional 712 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in Valero Energy during the first quarter valued at approximately $229,000. Catalina Capital Group LLC acquired a new position in Valero Energy in the first quarter valued at approximately $301,000. Finally, swisspartners Advisors Ltd grew its stake in shares of Valero Energy by 1.4% in the first quarter. swisspartners Advisors Ltd now owns 69,710 shares of the oil and gas company's stock worth $11,899,000 after purchasing an additional 980 shares in the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.
Valero Energy Stock Up 5.1 %
Shares of Valero Energy stock traded up $6.69 during trading on Wednesday, reaching $138.75. The stock had a trading volume of 2,398,592 shares, compared to its average volume of 2,973,153. The stock has a fifty day moving average price of $136.25 and a two-hundred day moving average price of $147.83. Valero Energy Co. has a 52 week low of $119.88 and a 52 week high of $184.79. The company has a market capitalization of $44.45 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 2.32 and a beta of 1.39. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.
Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The business had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. During the same quarter last year, the firm posted $7.49 EPS. The company's quarterly revenue was down 14.4% on a year-over-year basis. Sell-side analysts predict that Valero Energy Co. will post 9.32 EPS for the current fiscal year.
Valero Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 annualized dividend and a yield of 3.08%. Valero Energy's dividend payout ratio is currently 38.39%.
Wall Street Analysts Forecast Growth
Several analysts recently commented on VLO shares. Bank of America started coverage on shares of Valero Energy in a research note on Thursday, October 17th. They set a "neutral" rating and a $150.00 target price for the company. Citigroup reduced their price objective on Valero Energy from $192.00 to $176.00 and set a "buy" rating for the company in a research note on Friday, October 25th. StockNews.com lowered Valero Energy from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th. BMO Capital Markets lowered their price target on Valero Energy from $175.00 to $165.00 and set an "outperform" rating for the company in a research note on Friday, October 4th. Finally, Wells Fargo & Company upgraded shares of Valero Energy from an "equal weight" rating to an "overweight" rating and dropped their price target for the stock from $172.00 to $165.00 in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $156.29.
Read Our Latest Stock Report on VLO
About Valero Energy
(
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.
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