Motco lifted its stake in Valero Energy Co. (NYSE:VLO) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,105 shares of the oil and gas company’s stock after purchasing an additional 5,375 shares during the quarter. Motco’s holdings in Valero Energy were worth $5,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of VLO. Lee Financial Group Hawaii Inc. raised its position in Valero Energy by 0.8% in the 2nd quarter. Lee Financial Group Hawaii Inc. now owns 48,496 shares of the oil and gas company’s stock worth $4,152,000 after buying an additional 382 shares during the last quarter. Adams Natural Resources Fund Inc. grew its stake in shares of Valero Energy by 76.6% during the 2nd quarter. Adams Natural Resources Fund Inc. now owns 206,400 shares of the oil and gas company’s stock valued at $17,670,000 after purchasing an additional 89,500 shares during the period. Thomasville National Bank bought a new stake in shares of Valero Energy during the 2nd quarter valued at about $1,606,000. Allen Capital Group LLC grew its stake in shares of Valero Energy by 11.6% during the 2nd quarter. Allen Capital Group LLC now owns 9,268 shares of the oil and gas company’s stock valued at $793,000 after purchasing an additional 962 shares during the period. Finally, Bank of The West grew its stake in shares of Valero Energy by 2.0% during the 2nd quarter. Bank of The West now owns 24,305 shares of the oil and gas company’s stock valued at $2,081,000 after purchasing an additional 468 shares during the period. 76.11% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have issued reports on VLO. JPMorgan Chase & Co. cut their price target on Valero Energy from $96.00 to $83.00 and set an “overweight” rating for the company in a research note on Tuesday, September 10th. Morgan Stanley boosted their price target on Valero Energy from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada set a $99.00 price target on Valero Energy and gave the company a “buy” rating in a research note on Friday, October 25th. Goldman Sachs Group set a $104.00 price target on Valero Energy and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Co boosted their price target on Valero Energy from $107.00 to $108.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $103.22.
Shares of NYSE:VLO traded down $0.09 during mid-day trading on Monday, reaching $100.77. 959,463 shares of the company traded hands, compared to its average volume of 3,471,837. The company’s 50 day moving average price is $90.73 and its 200-day moving average price is $83.27. The firm has a market cap of $41.89 billion, a PE ratio of 13.67, a PEG ratio of 2.62 and a beta of 1.49. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.42 and a quick ratio of 0.92. Valero Energy Co. has a 52 week low of $68.81 and a 52 week high of $101.99.
Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.13. The company had revenue of $27.25 billion during the quarter, compared to the consensus estimate of $25.93 billion. Valero Energy had a return on equity of 10.31% and a net margin of 2.12%. The firm’s revenue was down 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.01 EPS. On average, research analysts predict that Valero Energy Co. will post 4.83 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 20th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.57%. Valero Energy’s dividend payout ratio (DPR) is presently 48.85%.
About Valero Energy
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.
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