Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lessened its stake in shares of Valero Energy Co. (NYSE:VLO) by 60.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 121,700 shares of the oil and gas company’s stock after selling 188,600 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Valero Energy were worth $13,488,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. FMR LLC raised its stake in shares of Valero Energy by 71.1% during the second quarter. FMR LLC now owns 16,436,742 shares of the oil and gas company’s stock valued at $1,821,684,000 after acquiring an additional 6,831,581 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Valero Energy by 58.3% during the second quarter. Janus Henderson Group PLC now owns 1,757,883 shares of the oil and gas company’s stock valued at $194,827,000 after acquiring an additional 647,321 shares in the last quarter. Swiss National Bank raised its stake in shares of Valero Energy by 2.1% during the second quarter. Swiss National Bank now owns 1,433,048 shares of the oil and gas company’s stock valued at $158,825,000 after acquiring an additional 29,200 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Valero Energy by 9.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,421,291 shares of the oil and gas company’s stock valued at $157,522,000 after acquiring an additional 117,140 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Valero Energy by 13.9% during the first quarter. Stifel Financial Corp now owns 1,366,192 shares of the oil and gas company’s stock valued at $126,710,000 after acquiring an additional 166,469 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on VLO shares. Morgan Stanley raised shares of Valero Energy from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $114.99 to $110.00 in a research note on Thursday, May 17th. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research note on Friday, May 18th. Wells Fargo & Co boosted their price objective on shares of Valero Energy from $122.00 to $146.00 and gave the stock a “positive” rating in a research note on Tuesday, May 29th. Credit Suisse Group boosted their price objective on shares of Valero Energy from $118.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, June 4th. Finally, ValuEngine downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. Fourteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $116.59.
NYSE VLO opened at $116.83 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.67. Valero Energy Co. has a 12-month low of $69.53 and a 12-month high of $126.98. The firm has a market capitalization of $49.19 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 1.94 and a beta of 0.99.
Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, July 26th. The oil and gas company reported $2.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.17. Valero Energy had a net margin of 4.21% and a return on equity of 12.06%. The business had revenue of $31.02 billion for the quarter, compared to analyst estimates of $26.56 billion. During the same period in the previous year, the company earned $1.23 earnings per share. The business’s revenue for the quarter was up 39.4% on a year-over-year basis. sell-side analysts anticipate that Valero Energy Co. will post 6.58 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Tuesday, August 7th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Monday, August 6th. Valero Energy’s dividend payout ratio is currently 64.52%.
In other Valero Energy news, Director Stephen M. Waters sold 1,000 shares of Valero Energy stock in a transaction on Monday, July 30th. The shares were sold at an average price of $116.76, for a total value of $116,760.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.45% of the stock is currently owned by insiders.
Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. 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. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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