OVERSEA CHINESE BANKING Corp Ltd Reduces Stock Holdings in Valero Energy Co. (NYSE:VLO)

OVERSEA CHINESE BANKING Corp Ltd lessened its stake in shares of Valero Energy Co. (NYSE:VLO) by 54.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,402 shares of the oil and gas company’s stock after selling 4,062 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Valero Energy were worth $462,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bleakley Financial Group LLC lifted its holdings in shares of Valero Energy by 3.9% in the 1st quarter. Bleakley Financial Group LLC now owns 8,287 shares of the oil and gas company’s stock worth $1,415,000 after acquiring an additional 308 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Valero Energy by 15.2% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 44,243 shares of the oil and gas company’s stock valued at $7,552,000 after buying an additional 5,839 shares during the period. HBK Sorce Advisory LLC bought a new position in shares of Valero Energy during the first quarter valued at approximately $417,000. Orion Portfolio Solutions LLC raised its holdings in shares of Valero Energy by 8.2% in the first quarter. Orion Portfolio Solutions LLC now owns 19,666 shares of the oil and gas company’s stock worth $3,357,000 after buying an additional 1,495 shares during the period. Finally, Great Lakes Retirement Inc. lifted its stake in shares of Valero Energy by 2.2% during the 1st quarter. Great Lakes Retirement Inc. now owns 9,145 shares of the oil and gas company’s stock worth $1,561,000 after acquiring an additional 195 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Trading Up 1.8 %

VLO opened at $139.55 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The firm has a market cap of $44.18 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 2.51 and a beta of 1.39. Valero Energy Co. has a 12 month low of $120.21 and a 12 month high of $184.79. The stock has a fifty day moving average price of $135.63 and a 200-day moving average price of $146.80.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $31.04 billion. During the same period in the previous year, the company posted $7.49 earnings per share. The firm’s revenue was down 14.4% on a year-over-year basis. As a group, equities research analysts anticipate that Valero Energy Co. will post 9.1 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.07%. The ex-dividend date is Wednesday, November 20th. Valero Energy’s dividend payout ratio is currently 38.39%.

Analysts Set New Price Targets

A number of research firms have weighed in on VLO. The Goldman Sachs Group reduced their target price on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research note on Monday, September 16th. StockNews.com lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Wells Fargo & Company raised shares of Valero Energy from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $172.00 to $165.00 in a research report on Wednesday, October 9th. 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 research report on Friday, October 25th. Finally, Bank of America started coverage on Valero Energy in a report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and an average target price of $155.86.

Valero Energy Profile

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.