Marshall Wace North America L.P. grew its holdings in shares of Valero Energy Co. (NYSE:VLO) by 2,616.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 141,239 shares of the oil and gas company’s stock after buying an additional 136,039 shares during the period. Marshall Wace North America L.P.’s holdings in Valero Energy were worth $16,065,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of VLO. Marshall Wace LLP bought a new position in shares of Valero Energy in the 3rd quarter worth $1,184,000. Morgan Stanley lifted its holdings in shares of Valero Energy by 14.2% in the 3rd quarter. Morgan Stanley now owns 3,545,018 shares of the oil and gas company’s stock worth $403,246,000 after purchasing an additional 441,925 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Valero Energy by 4.0% in the 3rd quarter. Legal & General Group Plc now owns 2,482,628 shares of the oil and gas company’s stock worth $282,416,000 after purchasing an additional 96,597 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of Valero Energy by 11,863.7% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,063,694 shares of the oil and gas company’s stock worth $9,351,000 after purchasing an additional 1,054,803 shares in the last quarter. Finally, B. Riley Wealth Management Inc. bought a new position in shares of Valero Energy in the 3rd quarter worth $297,000. Hedge funds and other institutional investors own 78.74% of the company’s stock.
VLO has been the topic of a number of recent research reports. Citigroup cut their target price on Valero Energy from $132.00 to $122.00 and set a “buy” rating on the stock in a report on Thursday, November 15th. Morgan Stanley cut their target price on Valero Energy from $145.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Wells Fargo & Co cut their target price on Valero Energy from $141.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, October 26th. Standpoint Research raised Valero Energy from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Finally, Tudor Pickering lowered Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $116.80.
NYSE VLO opened at $75.99 on Friday. The firm has a market capitalization of $33.45 billion, a P/E ratio of 15.32, a P/E/G ratio of 0.33 and a beta of 1.08. Valero Energy Co. has a 12 month low of $75.55 and a 12 month high of $126.98. The company has a quick ratio of 0.99, a current ratio of 1.59 and a debt-to-equity ratio of 0.39.
Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, October 25th. The oil and gas company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.06. The business had revenue of $30.85 billion during the quarter, compared to analyst estimates of $31.82 billion. Valero Energy had a return on equity of 11.90% and a net margin of 3.96%. Equities analysts expect that Valero Energy Co. will post 6.21 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Tuesday, November 20th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Monday, November 19th. Valero Energy’s dividend payout ratio is presently 64.52%.
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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