Valero Energy Co. (NYSE:VLO) Holdings Lifted by 1832 Asset Management L.P.

1832 Asset Management L.P. raised its position in Valero Energy Co. (NYSE:VLO - Free Report) by 23.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 477,251 shares of the oil and gas company's stock after purchasing an additional 90,044 shares during the period. 1832 Asset Management L.P. owned about 0.15% of Valero Energy worth $74,814,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in Valero Energy by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company's stock valued at $677,007,000 after buying an additional 237,347 shares in the last quarter. Putnam Investments LLC raised its holdings in shares of Valero Energy by 3.7% in the fourth quarter. Putnam Investments LLC now owns 3,445,821 shares of the oil and gas company's stock worth $447,957,000 after acquiring an additional 122,207 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Valero Energy by 1.9% in the second quarter. Pacer Advisors Inc. now owns 3,018,107 shares of the oil and gas company's stock valued at $473,118,000 after acquiring an additional 56,989 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Valero Energy by 3.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,063,923 shares of the oil and gas company's stock valued at $352,292,000 after acquiring an additional 65,632 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in Valero Energy by 37.6% during the 1st quarter. Acadian Asset Management LLC now owns 1,558,750 shares of the oil and gas company's stock worth $266,040,000 after purchasing an additional 426,093 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company's stock.

Valero Energy Stock Down 3.0 %

Shares of NYSE:VLO opened at $134.46 on Monday. The stock has a 50-day simple moving average of $145.42 and a 200-day simple moving average of $155.21. The stock has a market capitalization of $43.97 billion, a P/E ratio of 6.66, a PEG ratio of 2.72 and a beta of 1.40. Valero Energy Co. has a 1 year low of $119.88 and a 1 year high of $184.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.60 by $0.11. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The firm had revenue of $34.49 billion for the quarter, compared to the consensus estimate of $32.97 billion. During the same quarter in the previous year, the firm posted $5.40 EPS. The firm's quarterly revenue was down .1% on a year-over-year basis. Equities analysts forecast that Valero Energy Co. will post 12.3 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st were paid a $1.07 dividend. The ex-dividend date was Thursday, August 1st. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.18%. Valero Energy's dividend payout ratio (DPR) is presently 21.20%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VLO. Wells Fargo & Company upped their target price on shares of Valero Energy from $165.00 to $172.00 and gave the company an "equal weight" rating in a report on Tuesday, September 3rd. Scotiabank upped their price objective on shares of Valero Energy from $165.00 to $173.00 and gave the company a "sector outperform" rating in a research note on Friday, July 12th. Mizuho decreased their target price on shares of Valero Energy from $175.00 to $171.00 and set an "outperform" rating on the stock in a research report on Monday, September 16th. Wolfe Research assumed coverage on Valero Energy in a report on Thursday, July 18th. They issued an "outperform" rating and a $177.00 price target for the company. Finally, StockNews.com cut Valero Energy from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $168.07.

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.