AustralianSuper Pty Ltd lifted its position in Valero Energy Co. (NYSE:VLO - Free Report) by 0.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 991,084 shares of the oil and gas company's stock after purchasing an additional 4,686 shares during the quarter. AustralianSuper Pty Ltd owned about 0.31% of Valero Energy worth $133,826,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Azzad Asset Management Inc. ADV acquired a new stake in shares of Valero Energy during the first quarter worth about $1,313,000. Norden Group LLC acquired a new stake in shares of Valero Energy during the first quarter worth about $7,683,000. First Trust Direct Indexing L.P. lifted its position in shares of Valero Energy by 5.1% during the first quarter. First Trust Direct Indexing L.P. now owns 13,223 shares of the oil and gas company's stock worth $2,257,000 after purchasing an additional 647 shares in the last quarter. Leeward Investments LLC MA lifted its position in shares of Valero Energy by 4.0% during the first quarter. Leeward Investments LLC MA now owns 45,277 shares of the oil and gas company's stock worth $7,728,000 after purchasing an additional 1,762 shares in the last quarter. Finally, Hartline Investment Corp acquired a new stake in shares of Valero Energy during the first quarter worth about $222,000. Hedge funds and other institutional investors own 78.69% of the company's stock.
Analysts Set New Price Targets
VLO has been the topic of several research reports. StockNews.com cut shares of Valero Energy from a "buy" rating to a "hold" rating in a research report on Wednesday, July 17th. Citigroup reduced their target price on shares of Valero Energy from $192.00 to $176.00 and set a "buy" rating on the stock in a report on Friday, October 25th. TD Cowen reduced their target price on shares of Valero Energy from $145.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. reduced their target price on shares of Valero Energy from $172.00 to $151.00 and set an "overweight" rating on the stock in a report on Wednesday, October 2nd. Finally, Wolfe Research began coverage on shares of Valero Energy in a report on Thursday, July 18th. They issued an "outperform" rating and a $177.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $156.29.
View Our Latest Research Report on Valero Energy
Valero Energy Price Performance
Valero Energy stock traded up $1.06 during midday trading on Thursday, reaching $129.79. The company's stock had a trading volume of 2,992,918 shares, compared to its average volume of 2,985,706. Valero Energy Co. has a fifty-two week low of $119.88 and a fifty-two week 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. The stock's 50 day simple moving average is $137.31 and its 200 day simple moving average is $148.99. The firm has a market capitalization of $41.58 billion, a PE ratio of 11.64, a P/E/G ratio of 3.45 and a beta of 1.39.
Valero Energy (NYSE:VLO - Get Free Report) last released its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS 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 company 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 company earned $7.49 earnings per share. Valero Energy's quarterly revenue was down 14.4% compared to the same quarter last year. On average, equities research analysts forecast that Valero Energy Co. will post 9.6 earnings per share for the current year.
Valero Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Wednesday, November 20th. Valero Energy's dividend payout ratio (DPR) is presently 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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