Mackenzie Financial Corp Has $23.38 Million Stock Position in Valero Energy Co. (NYSE:VLO)

Mackenzie Financial Corp lowered its position in shares of Valero Energy Co. (NYSE:VLO) by 20.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 299,413 shares of the oil and gas company’s stock after selling 75,182 shares during the quarter. Mackenzie Financial Corp owned 0.07% of Valero Energy worth $23,378,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of Valero Energy by 5.7% during the 2nd quarter. BlackRock Inc. now owns 37,668,654 shares of the oil and gas company’s stock worth $2,941,168,000 after purchasing an additional 2,035,454 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Valero Energy by 24.0% during the 1st quarter. Bank of New York Mellon Corp now owns 8,065,896 shares of the oil and gas company’s stock worth $577,518,000 after purchasing an additional 1,558,584 shares in the last quarter. Primecap Management Co. CA raised its stake in shares of Valero Energy by 184.6% during the 1st quarter. Primecap Management Co. CA now owns 1,042,900 shares of the oil and gas company’s stock worth $74,672,000 after purchasing an additional 676,459 shares in the last quarter. APG Asset Management N.V. raised its stake in shares of Valero Energy by 118.0% during the 1st quarter. APG Asset Management N.V. now owns 1,102,877 shares of the oil and gas company’s stock worth $67,188,000 after purchasing an additional 597,085 shares in the last quarter. Finally, Voloridge Investment Management LLC raised its stake in Valero Energy by 897.2% in the 1st quarter. Voloridge Investment Management LLC now owns 410,036 shares of the oil and gas company’s stock valued at $29,359,000 after acquiring an additional 368,918 shares during the period. 76.92% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on VLO shares. Barclays increased their price objective on shares of Valero Energy from $84.00 to $94.00 and gave the company an “overweight” rating in a research report on Tuesday, June 29th. Zacks Investment Research raised shares of Valero Energy from a “sell” rating to a “hold” rating and set a $69.00 target price for the company in a report on Wednesday, September 8th. reduced their target price on shares of Valero Energy from $121.00 to $119.00 and set a “buy” rating for the company in a report on Wednesday, June 9th. Wells Fargo & Company lifted their target price on shares of Valero Energy from $99.00 to $102.00 and gave the stock an “overweight” rating in a report on Thursday, June 24th. Finally, Morgan Stanley began coverage on shares of Valero Energy in a report on Tuesday, September 7th. They set an “overweight” rating and a $80.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $83.71.

Shares of Valero Energy stock opened at $67.63 on Friday. The company has a 50 day moving average of $65.09 and a 200-day moving average of $72.50. Valero Energy Co. has a 1-year low of $35.44 and a 1-year high of $84.95. The company has a current ratio of 1.36, a quick ratio of 0.93 and a debt-to-equity ratio of 0.73. The company has a market cap of $27.65 billion, a PE ratio of -20.13, a price-to-earnings-growth ratio of 57.32 and a beta of 2.15.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 29th. The oil and gas company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.33. Valero Energy had a negative net margin of 1.69% and a negative return on equity of 7.31%. The company had revenue of $27.75 billion during the quarter, compared to the consensus estimate of $22.66 billion. Research analysts forecast that Valero Energy Co. will post 0.2 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 2nd. Stockholders of record on Thursday, August 5th were issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date was Wednesday, August 4th. Valero Energy’s dividend payout ratio (DPR) is presently -125.64%.

Valero Energy Company Profile

Valero Energy Corp. engages in the manufacture and marketing of transportation fuels and other petrochemical products. It operates through the following business segments: Refining, Ethanol and Renewable Diesel. The Refining segment comprises of refining operations, associated marketing activities, and logistics assets that support its refining operations.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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