Asset Management One Co. Ltd. grew its holdings in shares of Valero Energy Co. (NYSE:VLO) by 10.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 230,985 shares of the oil and gas company’s stock after buying an additional 22,715 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.06% of Valero Energy worth $19,774,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. NumerixS Investment Technologies Inc lifted its position in Valero Energy by 10.3% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 8,380 shares of the oil and gas company’s stock worth $717,000 after buying an additional 780 shares in the last quarter. Wesbanco Bank Inc. raised its holdings in shares of Valero Energy by 391.2% in the 2nd quarter. Wesbanco Bank Inc. now owns 74,967 shares of the oil and gas company’s stock valued at $6,418,000 after purchasing an additional 59,706 shares during the period. L & S Advisors Inc raised its holdings in shares of Valero Energy by 197.4% in the 2nd quarter. L & S Advisors Inc now owns 41,397 shares of the oil and gas company’s stock valued at $3,544,000 after purchasing an additional 27,477 shares during the period. BlackRock Inc. raised its holdings in shares of Valero Energy by 2.7% in the 2nd quarter. BlackRock Inc. now owns 34,645,065 shares of the oil and gas company’s stock valued at $2,965,964,000 after purchasing an additional 896,211 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of Valero Energy by 24.1% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 187,252 shares of the oil and gas company’s stock valued at $16,031,000 after purchasing an additional 36,416 shares during the period. 76.33% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on VLO. Royal Bank of Canada set a $98.00 target price on shares of Valero Energy and gave the company a “buy” rating in a report on Friday, July 26th. ValuEngine cut shares of Valero Energy from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Wells Fargo & Co set a $107.00 target price on shares of Valero Energy and gave the company a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. dropped their target price on shares of Valero Energy from $96.00 to $83.00 and set an “overweight” rating on the stock in a report on Tuesday, September 10th. Finally, Goldman Sachs Group raised shares of Valero Energy from a “neutral” rating to a “buy” rating and dropped their target price for the company from $96.00 to $92.00 in a report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $103.47.
Shares of VLO opened at $82.39 on Tuesday. Valero Energy Co. has a 52 week low of $68.81 and a 52 week high of $120.72. The firm has a market cap of $34.69 billion, a P/E ratio of 11.18, a price-to-earnings-growth ratio of 2.10 and a beta of 1.50. The firm’s 50-day simple moving average is $78.60 and its 200 day simple moving average is $81.88. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.42.
Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $1.51 EPS for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.14. Valero Energy had a net margin of 2.27% and a return on equity of 11.31%. The business had revenue of $28.93 billion for the quarter, compared to analyst estimates of $25.45 billion. During the same quarter in the prior year, the business earned $2.15 EPS. Valero Energy’s quarterly revenue was down 6.7% on a year-over-year basis. As a group, equities analysts forecast that Valero Energy Co. will post 4.99 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 6th were paid a $0.90 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $3.60 dividend on an annualized basis and a yield of 4.37%. Valero Energy’s dividend payout ratio (DPR) is currently 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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