Investec Asset Management PTY Ltd increased its stake in shares of Valero Energy Co. (NYSE:VLO) by 82.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,552 shares of the oil and gas company’s stock after acquiring an additional 11,580 shares during the period. Valero Energy comprises approximately 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 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thoroughbred Financial Services LLC grew its position in shares of Valero Energy by 8,873.5% in the second quarter. Thoroughbred Financial Services LLC now owns 1,347,276 shares of the oil and gas company’s stock valued at $134,728,000 after purchasing an additional 1,332,262 shares during the last quarter. Scout Investments Inc. bought a new stake in Valero Energy during the first quarter worth $60,786,000. Carillon Tower Advisers Inc. bought a new position in shares of Valero Energy in the 1st quarter valued at $40,981,000. Impala Asset Management LLC bought a new position in shares of Valero Energy in the 1st quarter valued at $31,956,000. Finally, Amundi Pioneer Asset Management Inc. lifted its stake in shares of Valero Energy by 12.2% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 3,260,595 shares of the oil and gas company’s stock valued at $276,595,000 after acquiring an additional 353,355 shares during the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.
A number of analysts have weighed in on VLO shares. ValuEngine downgraded Valero Energy from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Royal Bank of Canada set a $98.00 target price on Valero Energy and gave the company a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Co set a $107.00 price target on shares of Valero Energy and gave the company a “buy” rating in a research report on Friday, July 26th. Goldman Sachs Group raised shares of Valero Energy from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $96.00 to $92.00 in a research report on Thursday, June 6th. Finally, JPMorgan Chase & Co. raised shares of Valero Energy from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $102.00 to $105.00 in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $105.47.VLO opened at $74.18 on Friday. The company has a fifty day moving average price of $81.37 and a 200-day moving average price of $82.68. The firm has a market capitalization of $32.08 billion, a P/E ratio of 10.07, a price-to-earnings-growth ratio of 1.86 and a beta of 1.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.42 and a quick ratio of 0.92. Valero Energy Co. has a one year low of $68.81 and a one year high of $122.42.
Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $28.93 billion during the quarter, compared to analyst estimates of $25.45 billion. During the same period in the previous year, the business earned $2.15 earnings per share. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. On average, analysts expect that Valero Energy Co. will post 5.2 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 6th will be given a $0.90 dividend. The ex-dividend date is Monday, August 5th. This represents a $3.60 annualized dividend and a yield of 4.85%. Valero Energy’s dividend payout ratio (DPR) 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.
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