Fisher Asset Management LLC Has $2.28 Million Stock Position in Valero Energy Co. (NYSE:VLO)

Fisher Asset Management LLC lifted its stake in Valero Energy Co. (NYSE:VLO) by 89.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,855 shares of the oil and gas company’s stock after buying an additional 7,942 shares during the period. Fisher Asset Management LLC’s holdings in Valero Energy were worth $2,276,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Daiwa Securities Group Inc. grew its stake in Valero Energy by 10.7% during the third quarter. Daiwa Securities Group Inc. now owns 39,708 shares of the oil and gas company’s stock worth $5,362,000 after buying an additional 3,829 shares during the last quarter. Summit Trail Advisors LLC grew its position in Valero Energy by 9.2% during the 3rd quarter. Summit Trail Advisors LLC now owns 3,597 shares of the oil and gas company’s stock worth $486,000 after acquiring an additional 302 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in Valero Energy by 1.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 54,175 shares of the oil and gas company’s stock valued at $7,315,000 after purchasing an additional 980 shares in the last quarter. SevenBridge Financial Group LLC bought a new position in shares of Valero Energy in the third quarter valued at about $436,000. Finally, Larson Financial Group LLC lifted its position in Valero Energy by 71.9% during the 3rd quarter. Larson Financial Group LLC now owns 5,117 shares of the oil and gas company’s stock worth $691,000 after buying an additional 2,141 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VLO shares. TD Cowen dropped their target price on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Scotiabank dropped their price objective on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. JPMorgan Chase & Co. decreased their price objective on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Mizuho dropped their target price on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. Finally, Barclays decreased their price target on Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. One equities 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $155.86.

Valero Energy Stock Up 0.3 %

Shares of Valero Energy stock opened at $139.02 on Friday. The company has a market capitalization of $44.01 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 2.59 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The business has a 50-day moving average of $136.92 and a two-hundred day moving average of $145.35. Valero Energy Co. has a 1 year low of $120.21 and a 1 year high of $184.79.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $31.04 billion. During the same period in the prior year, the business earned $7.49 EPS. Valero Energy’s revenue for the quarter was down 14.4% compared to the same quarter last year. As a group, equities analysts predict that Valero Energy Co. will post 8.92 EPS for the current year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Wednesday, November 20th. Valero Energy’s payout ratio is presently 38.39%.

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.