Assenagon Asset Management S.A. Has $13.47 Million Stake in Valero Energy Co. (NYSE:VLO)

Assenagon Asset Management S.A. lessened its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 62.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 99,735 shares of the oil and gas company's stock after selling 163,269 shares during the period. Assenagon Asset Management S.A.'s holdings in Valero Energy were worth $13,467,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in VLO. Ameriprise Financial Inc. lifted its holdings in shares of 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 valued at $1,090,532,000 after purchasing an additional 192,397 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Valero Energy by 5.8% in the second 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 during the last quarter. Pacer Advisors Inc. boosted its holdings 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 during the period. Legal & General Group Plc grew its position in shares of Valero Energy by 3.0% during the second quarter. Legal & General Group Plc now owns 2,809,355 shares of the oil and gas company's stock worth $440,394,000 after acquiring an additional 82,539 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Valero Energy by 3.3% in the 1st 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 period. Hedge funds and other institutional investors own 78.69% of the company's stock.

Valero Energy Trading Down 0.1 %

NYSE VLO traded down $0.09 on Monday, hitting $132.31. 2,506,987 shares of the company were exchanged, compared to its average volume of 2,983,491. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04. Valero Energy Co. has a twelve month low of $119.88 and a twelve month high of $184.79. The firm has a market capitalization of $42.39 billion, a P/E ratio of 11.86, a price-to-earnings-growth ratio of 3.45 and a beta of 1.39. The company's 50 day moving average price is $138.20 and its 200-day moving average price is $149.77.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.16. Valero Energy had a return on equity of 13.01% and a net margin of 2.74%. The business had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. During the same quarter in the previous year, the company posted $7.49 earnings per share. Valero Energy's revenue for the quarter was down 14.4% compared to the same quarter last year. Analysts predict that Valero Energy Co. will post 9.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on VLO shares. Bank of America assumed 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. Piper Sandler downgraded Valero Energy from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $169.00 to $123.00 in a research note on Friday, September 20th. BMO Capital Markets cut 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. Wells Fargo & Company raised shares of Valero Energy from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $172.00 to $165.00 in a research note on Wednesday, October 9th. Finally, Scotiabank reduced their target price on shares of Valero Energy from $173.00 to $141.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $154.53.

Valero Energy Company 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.