National Bank of Canada FI Has $20.38 Million Stock Position in Valero Energy Co. (NYSE:VLO)

National Bank of Canada FI increased its position in Valero Energy Co. (NYSE:VLO - Free Report) by 39.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,894 shares of the oil and gas company's stock after buying an additional 42,410 shares during the quarter. National Bank of Canada FI's holdings in Valero Energy were worth $20,375,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Valero Energy by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,287,269 shares of the oil and gas company's stock worth $1,389,090,000 after buying an additional 50,837 shares during the period. Ameriprise Financial Inc. boosted its stake in Valero Energy by 2.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company's stock worth $1,090,532,000 after purchasing an additional 192,397 shares during the period. Dimensional Fund Advisors LP grew its position in 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. Pacer Advisors Inc. raised its stake in Valero Energy by 18.8% during the 3rd quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company's stock valued at $484,105,000 after purchasing an additional 567,059 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Valero Energy by 4,908.0% in the third quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company's stock valued at $384,907,000 after purchasing an additional 2,793,607 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VLO. Mizuho reduced their target price on shares of Valero Energy from $175.00 to $171.00 and set an "outperform" rating for the company in a research note on Monday, September 16th. BMO Capital Markets lowered their target price on shares of Valero Energy from $175.00 to $165.00 and set an "outperform" rating on the stock in a research report on Friday, October 4th. Bank of America started coverage on Valero Energy in a report on Thursday, October 17th. They set a "neutral" rating and a $150.00 target price on the stock. Wells Fargo & Company decreased their price target on Valero Energy from $165.00 to $160.00 and set an "overweight" rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. cut their price objective on Valero Energy from $172.00 to $151.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Valero Energy presently has a consensus rating of "Moderate Buy" and an average price target of $155.50.

Valero Energy Price Performance

NYSE VLO traded down $2.21 on Tuesday, hitting $132.34. 2,656,295 shares of the company were exchanged, compared to its average volume of 2,912,253. Valero Energy Co. has a 1-year low of $120.21 and a 1-year high of $184.79. The company has a market cap of $41.90 billion, a P/E ratio of 11.87, a P/E/G ratio of 2.47 and a beta of 1.40. 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 firm has a 50 day moving average of $136.97 and a two-hundred day moving average of $144.03.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.98 by $0.16. The company had revenue of $32.88 billion during the quarter, compared to analysts' expectations of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. Valero Energy's revenue was down 14.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $7.49 EPS. On average, equities analysts predict that Valero Energy Co. will post 8.89 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be paid a $1.07 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a yield of 3.23%. Valero Energy's payout ratio is 38.39%.

Valero Energy Profile

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.