Janus Henderson Group PLC increased its position in Valero Energy Co. (NYSE:VLO) by 29.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,495,692 shares of the oil and gas company’s stock after purchasing an additional 564,854 shares during the period. Janus Henderson Group PLC owned approximately 0.60% of Valero Energy worth $213,658,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of VLO. Thoroughbred Financial Services LLC lifted its holdings in shares of Valero Energy by 8,873.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,347,276 shares of the oil and gas company’s stock worth $134,728,000 after purchasing an additional 1,332,262 shares in the last quarter. Carillon Tower Advisers Inc. bought a new position in shares of Valero Energy in the 1st quarter worth $40,981,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of Valero Energy by 169.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 632,848 shares of the oil and gas company’s stock worth $53,312,000 after purchasing an additional 398,267 shares in the last quarter. Impala Asset Management LLC bought a new position in shares of Valero Energy in the 1st quarter worth $31,956,000. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings 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 worth $276,595,000 after purchasing an additional 353,355 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.
Shares of NYSE:VLO opened at $75.28 on Friday. 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 stock’s fifty day simple moving average is $80.20 and its two-hundred day simple moving average is $82.30. Valero Energy Co. has a 1-year low of $68.81 and a 1-year high of $121.72. The stock has a market cap of $31.20 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 1.80 and a beta of 1.48.
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 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 business had revenue of $28.93 billion for the quarter, compared to analysts’ expectations of $25.45 billion. During the same period last year, the business earned $2.15 EPS. The business’s revenue was down 6.7% on a year-over-year basis. On average, sell-side analysts forecast that Valero Energy Co. will post 4.99 earnings per share for the current fiscal 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 paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.78%. The ex-dividend date is Monday, August 5th. Valero Energy’s dividend payout ratio (DPR) is presently 48.85%.
A number of equities analysts recently issued reports on the company. ValuEngine cut Valero Energy from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. upgraded Valero Energy from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $102.00 to $105.00 in a report on Tuesday, May 14th. Royal Bank of Canada set a $98.00 price objective 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 objective on Valero Energy and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Goldman Sachs Group upgraded Valero Energy from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $96.00 to $92.00 in a research note on Thursday, June 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. Valero Energy currently has a consensus rating of “Buy” and an average price target of $105.47.
Valero Energy 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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