Unigestion Holding SA lifted its position in Valero Energy Co. (NYSE:VLO) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,910 shares of the oil and gas company’s stock after buying an additional 4,179 shares during the period. Unigestion Holding SA’s holdings in Valero Energy were worth $12,161,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cleararc Capital Inc. increased its position in shares of Valero Energy by 57.8% in the 2nd quarter. Cleararc Capital Inc. now owns 40,728 shares of the oil and gas company’s stock valued at $4,514,000 after buying an additional 14,913 shares in the last quarter. Community Bank & Trust Waco Texas increased its position in shares of Valero Energy by 7.6% in the 3rd quarter. Community Bank & Trust Waco Texas now owns 35,570 shares of the oil and gas company’s stock valued at $4,046,000 after buying an additional 2,505 shares in the last quarter. Bailard Inc. increased its position in shares of Valero Energy by 62.1% in the 2nd quarter. Bailard Inc. now owns 4,405 shares of the oil and gas company’s stock valued at $488,000 after buying an additional 1,687 shares in the last quarter. Richard Bernstein Advisors LLC increased its position in shares of Valero Energy by 5.1% in the 2nd quarter. Richard Bernstein Advisors LLC now owns 42,606 shares of the oil and gas company’s stock valued at $4,722,000 after buying an additional 2,079 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of Valero Energy by 16.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 297,324 shares of the oil and gas company’s stock valued at $32,952,000 after buying an additional 42,100 shares in the last quarter. Institutional investors and hedge funds own 78.12% of the company’s stock.
A number of research firms recently commented on VLO. Citigroup lowered their price objective on shares of Valero Energy from $134.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, October 16th. Credit Suisse Group upgraded shares of Valero Energy from a “neutral” rating to an “outperform” rating and lowered their price objective for the company from $135.00 to $120.00 in a research report on Thursday, November 1st. Morgan Stanley increased their target price on Valero Energy from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, July 31st. Standpoint Research upgraded Valero Energy from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Finally, Mizuho began coverage on Valero Energy in a report on Wednesday, August 1st. They set a “neutral” rating and a $125.00 target price for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $115.82.
VLO stock opened at $87.58 on Friday. The stock has a market cap of $39.57 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 0.76 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.59 and a quick ratio of 1.10. Valero Energy Co. has a 1 year low of $80.00 and a 1 year high of $126.98.
Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 25th. The oil and gas company reported $2.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.06. The firm had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $31.82 billion. Valero Energy had a return on equity of 11.90% and a net margin of 3.96%. As a group, sell-side analysts forecast that Valero Energy Co. will post 6.47 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Tuesday, November 20th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Monday, November 19th. Valero Energy’s payout ratio is 64.52%.
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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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