GSA Capital Partners LLP purchased a new stake in Valero Energy Co. (NYSE:VLO - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,707 shares of the oil and gas company's stock, valued at approximately $1,176,000.
Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in shares of Valero Energy by 11,318.9% during the third quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company's stock worth $145,339,000 after purchasing an additional 1,066,923 shares during the period. Acadian Asset Management LLC lifted its stake in Valero Energy by 37.6% in the first quarter. Acadian Asset Management LLC now owns 1,558,750 shares of the oil and gas company's stock valued at $266,040,000 after buying an additional 426,093 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Valero Energy by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company's stock worth $677,007,000 after purchasing an additional 237,347 shares in the last quarter. AQR Capital Management LLC raised its position in Valero Energy by 17.6% during the second quarter. AQR Capital Management LLC now owns 1,550,010 shares of the oil and gas company's stock worth $238,841,000 after acquiring an additional 232,494 shares in the last quarter. Finally, Westwood Holdings Group Inc. bought a new position in shares of Valero Energy in the 1st quarter valued at about $39,517,000. Institutional investors and hedge funds own 78.69% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have issued reports on VLO. Citigroup dropped their price objective on Valero Energy from $192.00 to $176.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Wolfe Research assumed coverage on Valero Energy in a report on Thursday, July 18th. They set an "outperform" rating and a $177.00 price target for the company. BMO Capital Markets decreased their price objective on shares of Valero Energy from $175.00 to $165.00 and set an "outperform" rating on the stock in a report on Friday, October 4th. Barclays cut their target price on shares of Valero Energy from $146.00 to $140.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Piper Sandler lowered shares of Valero Energy from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $169.00 to $123.00 in a research note on Friday, September 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $155.86.
View Our Latest Research Report on Valero Energy
Valero Energy Price Performance
VLO traded up $0.14 on Friday, reaching $140.16. The stock had a trading volume of 2,255,389 shares, compared to its average volume of 2,949,318. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $44.37 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 2.56 and a beta of 1.39. Valero Energy Co. has a fifty-two week low of $120.21 and a fifty-two week high of $184.79. The firm has a 50-day moving average of $135.71 and a 200-day moving average of $146.70.
Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.16. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business had revenue of $32.88 billion during the quarter, compared to analyst estimates of $31.04 billion. During the same quarter last year, the business earned $7.49 EPS. The firm's quarterly revenue was down 14.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Valero Energy Co. will post 9.1 EPS for the current year.
Valero Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.05%. Valero Energy's dividend payout ratio is 38.39%.
Valero Energy Company Profile
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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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