KBC Group NV lowered its position in Valero Energy Co. (NYSE:VLO - Free Report) by 44.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 141,571 shares of the oil and gas company's stock after selling 115,441 shares during the quarter. KBC Group NV's holdings in Valero Energy were worth $19,117,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in VLO. International Private Wealth Advisors LLC raised its position in shares of Valero Energy by 3.4% during the 2nd quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company's stock worth $309,000 after acquiring an additional 65 shares in the last quarter. OmniStar Financial Group Inc. boosted its stake in shares of Valero Energy by 1.6% during the 2nd quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company's stock worth $712,000 after acquiring an additional 70 shares in the last quarter. Everhart Financial Group Inc. grew its position in shares of Valero Energy by 5.5% in the second quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company's stock valued at $214,000 after purchasing an additional 71 shares during the last quarter. St. Johns Investment Management Company LLC raised its position in shares of Valero Energy by 1.4% in the second quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company's stock valued at $794,000 after buying an additional 72 shares during the last quarter. Finally, Magnus Financial Group LLC boosted its position in shares of Valero Energy by 4.3% in the second quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company's stock worth $275,000 after acquiring an additional 73 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.
Valero Energy Trading Up 0.1 %
VLO traded up $0.14 during trading on Friday, reaching $140.16. 2,258,695 shares of the company's stock were exchanged, compared to its average volume of 2,506,892. The company's fifty day moving average price is $135.83 and its 200-day moving average price is $146.51. Valero Energy Co. has a fifty-two week low of $120.21 and a fifty-two week high of $184.79. The firm has a market capitalization of $44.37 billion, a PE ratio of 12.57, a P/E/G ratio of 2.56 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57.
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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. 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 previous year, the firm earned $7.49 EPS. Valero Energy's quarterly revenue was down 14.4% compared to the same quarter last year. As a group, equities analysts forecast that Valero Energy Co. will post 9.1 EPS for the current year.
Valero Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Wednesday, November 20th. Valero Energy's payout ratio is 38.39%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on VLO. Citigroup dropped their price objective on shares of Valero Energy from $192.00 to $176.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Mizuho lowered 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 note on Monday, September 16th. Wells Fargo & Company raised Valero Energy from an "equal weight" rating to an "overweight" rating and decreased their target price for the stock from $172.00 to $165.00 in a research report on Wednesday, October 9th. Barclays cut 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 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, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $155.86.
Read Our Latest Stock Report on Valero Energy
Valero Energy Company Profile
(
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.
Featured Stories
Before you consider Valero Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Valero Energy wasn't on the list.
While Valero Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.