Barclays PLC lowered its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 32.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,375,621 shares of the oil and gas company's stock after selling 2,068,144 shares during the quarter. Barclays PLC owned 1.38% of Valero Energy worth $590,839,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Groupama Asset Managment grew its holdings in shares of Valero Energy by 31.4% in the third quarter. Groupama Asset Managment now owns 119,413 shares of the oil and gas company's stock valued at $16,124,000 after acquiring an additional 28,554 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Valero Energy by 3.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 134,908 shares of the oil and gas company's stock valued at $18,217,000 after purchasing an additional 4,338 shares during the period. Orion Portfolio Solutions LLC increased its position in shares of Valero Energy by 6.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 22,188 shares of the oil and gas company's stock valued at $2,996,000 after purchasing an additional 1,438 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Valero Energy during the 3rd quarter worth $2,574,000. Finally, Zacks Investment Management grew its position in Valero Energy by 16.5% during the third quarter. Zacks Investment Management now owns 4,246 shares of the oil and gas company's stock valued at $573,000 after buying an additional 600 shares during the period. 78.69% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have weighed in on VLO. Wells Fargo & Company dropped their target price on shares of Valero Energy from $165.00 to $160.00 and set an "overweight" rating on the stock in a research note on Monday. Piper Sandler lowered Valero Energy from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $169.00 to $123.00 in a report on Friday, September 20th. TD Cowen lowered their target price on Valero Energy from $145.00 to $140.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Barclays decreased their price objective on Valero Energy from $146.00 to $140.00 and set an "overweight" rating for the company in a report on Monday, November 11th. Finally, Scotiabank lowered their target price on shares of Valero Energy from $173.00 to $141.00 and set a "sector outperform" rating on the stock in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $155.50.
Check Out Our Latest Research Report on VLO
Valero Energy Trading Up 2.3 %
Shares of NYSE:VLO traded up $3.03 during midday trading on Monday, hitting $134.55. 2,729,824 shares of the stock traded hands, compared to its average volume of 2,913,333. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The business's 50 day moving average is $136.98 and its two-hundred day moving average is $144.23. The stock has a market capitalization of $42.60 billion, a PE ratio of 12.03, a P/E/G ratio of 2.47 and a beta of 1.40. Valero Energy Co. has a one year low of $120.21 and a one year high of $184.79.
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 EPS for the quarter, topping the consensus estimate 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 period in the prior year, the business earned $7.49 EPS. The company's revenue for the quarter was down 14.4% on a year-over-year basis. As a group, research analysts forecast that Valero Energy Co. will post 8.89 earnings per share for the current year.
Valero Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Wednesday, November 20th. Valero Energy's dividend payout ratio is currently 38.39%.
About Valero Energy
(
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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