Bbva USA Bancshares Inc. decreased its stake in Valero Energy Co. (NYSE:VLO) by 7.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,407 shares of the oil and gas company’s stock after selling 631 shares during the period. Bbva USA Bancshares Inc.’s holdings in Valero Energy were worth $634,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its stake in Valero Energy by 1.2% during the first quarter. FMR LLC now owns 11,136,474 shares of the oil and gas company’s stock worth $944,707,000 after buying an additional 127,138 shares in the last quarter. LSV Asset Management boosted its stake in Valero Energy by 3.3% during the first quarter. LSV Asset Management now owns 7,361,348 shares of the oil and gas company’s stock worth $624,463,000 after buying an additional 233,009 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in Valero Energy by 12.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 3,260,595 shares of the oil and gas company’s stock worth $276,595,000 after buying an additional 353,355 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Valero Energy by 8.4% during the first quarter. Wells Fargo & Company MN now owns 2,640,259 shares of the oil and gas company’s stock worth $223,973,000 after buying an additional 204,848 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Valero Energy by 29.3% during the second quarter. Janus Henderson Group PLC now owns 2,495,692 shares of the oil and gas company’s stock worth $213,658,000 after buying an additional 564,854 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.
A number of research firms have weighed in on VLO. Goldman Sachs Group upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $96.00 to $92.00 in a research note on Thursday, June 6th. Raymond James lifted their price target on shares of Valero Energy from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. ValuEngine downgraded shares of Valero Energy from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Wells Fargo & Co set a $107.00 price objective on Valero Energy and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada set a $98.00 price objective on Valero Energy and gave the company a “buy” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $105.47.
Shares of NYSE VLO opened at $74.18 on Friday. The stock has a market cap of $30.74 billion, a PE ratio of 10.07, a PEG ratio of 1.87 and a beta of 1.48. The business has a fifty day moving average of $81.37 and a two-hundred day moving average of $82.68. Valero Energy Co. has a 52-week low of $68.81 and a 52-week high of $122.42. 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 issued its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.14. The company had revenue of $28.93 billion during the quarter, compared to analysts’ expectations of $25.45 billion. Valero Energy had a return on equity of 11.31% and a net margin of 2.27%. The business’s revenue was down 6.7% on a year-over-year basis. During the same period last year, the business earned $2.15 earnings per share. Analysts predict that Valero Energy Co. will post 5.2 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 6th will be issued a dividend of $0.90 per share. The ex-dividend date is Monday, August 5th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.85%. Valero Energy’s payout ratio 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.
Further Reading: Why do analysts give a neutral rating?
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