Investec Asset Management LTD lifted its position in shares of Valero Energy Co. (NYSE:VLO) by 10.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,290,572 shares of the oil and gas company’s stock after acquiring an additional 211,672 shares during the quarter. Investec Asset Management LTD owned 0.55% of Valero Energy worth $196,096,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of VLO. Investec Asset Management PTY Ltd lifted its stake in shares of Valero Energy by 82.9% during the second quarter. Investec Asset Management PTY Ltd now owns 25,552 shares of the oil and gas company’s stock valued at $2,162,000 after buying an additional 11,580 shares during the period. Csenge Advisory Group increased its position in Valero Energy by 31.7% during the second quarter. Csenge Advisory Group now owns 8,075 shares of the oil and gas company’s stock worth $691,000 after purchasing an additional 1,945 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Valero Energy by 16.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 165,266 shares of the oil and gas company’s stock worth $14,148,000 after purchasing an additional 23,904 shares during the last quarter. Advantage Investment Management LLC increased its position in shares of Valero Energy by 67.5% in the second quarter. Advantage Investment Management LLC now owns 645 shares of the oil and gas company’s stock worth $55,000 after acquiring an additional 260 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its position in shares of Valero Energy by 113.2% in the second quarter. Wealthcare Advisory Partners LLC now owns 1,051 shares of the oil and gas company’s stock worth $90,000 after acquiring an additional 558 shares in the last quarter. Institutional investors and hedge funds own 77.47% of the company’s stock.
Several research firms have recently issued reports on VLO. Goldman Sachs Group raised shares of Valero Energy from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $96.00 to $92.00 in a research report on Thursday, June 6th. JPMorgan Chase & Co. raised shares of Valero Energy from a “neutral” rating to an “overweight” rating and raised their price target for the company from $102.00 to $105.00 in a report on Tuesday, May 14th. Raymond James increased their price objective on shares of Valero Energy from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Royal Bank of Canada set a $98.00 price objective on shares of Valero Energy and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, ValuEngine downgraded shares of Valero Energy from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $105.47.Shares of VLO traded up $1.40 during midday trading on Friday, hitting $78.12. The stock had a trading volume of 2,655,600 shares, compared to its average volume of 3,359,175. The company has a current ratio of 1.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The firm has a market cap of $31.49 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 1.78 and a beta of 1.48. The business has a 50-day simple moving average of $82.17 and a two-hundred day simple moving average of $82.91. Valero Energy Co. has a fifty-two week low of $68.81 and a fifty-two week high of $122.42.
Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.37 by $0.14. The business had revenue of $28.93 billion during the quarter, compared to analysts’ expectations of $25.45 billion. Valero Energy had a net margin of 2.27% and a return on equity of 11.31%. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period last year, the company posted $2.15 earnings per share. On average, analysts expect that Valero Energy Co. will post 5.26 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 6th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date is Monday, August 5th. Valero Energy’s dividend payout ratio is 48.85%.
Valero Energy Company Profile
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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