Investec Asset Management PTY Ltd raised its position in Valero Energy Co. (NYSE:VLO) by 82.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,552 shares of the oil and gas company’s stock after acquiring an additional 11,580 shares during the quarter. Valero Energy accounts for about 1.2% of Investec Asset Management PTY Ltd’s investment portfolio, making the stock its 26th largest holding. Investec Asset Management PTY Ltd’s holdings in Valero Energy were worth $2,162,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of VLO. Thomasville National Bank acquired a new stake in Valero Energy in the second quarter worth $1,606,000. First Mercantile Trust Co. increased its holdings in shares of Valero Energy by 615.9% during the first quarter. First Mercantile Trust Co. now owns 5,584 shares of the oil and gas company’s stock valued at $474,000 after purchasing an additional 4,804 shares during the period. Allen Capital Group LLC increased its holdings in shares of Valero Energy by 11.6% during the second quarter. Allen Capital Group LLC now owns 9,268 shares of the oil and gas company’s stock valued at $793,000 after purchasing an additional 962 shares during the period. Marshall Wace North America L.P. acquired a new position in shares of Valero Energy during the first quarter valued at $2,706,000. Finally, First National Trust Co grew its holdings in Valero Energy by 4.4% during the first quarter. First National Trust Co now owns 107,196 shares of the oil and gas company’s stock worth $9,093,000 after acquiring an additional 4,492 shares during the period. 77.47% of the stock is owned by institutional investors.
NYSE VLO traded up $1.40 during trading hours on Friday, hitting $78.12. 2,655,600 shares of the company traded hands, compared to its average volume of 3,359,175. The business’s 50-day moving average is $82.17 and its 200-day moving average is $82.91. Valero Energy Co. has a twelve month low of $68.81 and a twelve month 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. The stock has a market capitalization of $31.49 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 1.78 and a beta of 1.48.Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.37 by $0.14. Valero Energy had a return on equity of 11.31% and a net margin of 2.27%. The firm had revenue of $28.93 billion during the quarter, compared to analysts’ expectations of $25.45 billion. During the same period in the prior year, the firm posted $2.15 earnings per share. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. Analysts predict that Valero Energy Co. will post 5.26 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 6th will be paid 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 4.61%. Valero Energy’s dividend payout ratio (DPR) is currently 48.85%.
A number of research analysts recently issued reports on VLO shares. Goldman Sachs Group raised Valero Energy from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $96.00 to $92.00 in a report on Thursday, June 6th. ValuEngine lowered Valero Energy from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Raymond James lifted their target price on Valero Energy from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Royal Bank of Canada set a $98.00 target price on Valero Energy and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. upgraded Valero Energy from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $102.00 to $105.00 in a report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Valero Energy currently has a consensus rating of “Buy” and an average target price of $105.47.
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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