Optimum Investment Advisors lowered its position in shares of Valero Energy Co. (NYSE:VLO) by 13.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,205 shares of the oil and gas company’s stock after selling 1,265 shares during the period. Optimum Investment Advisors’ holdings in Valero Energy were worth $699,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in VLO. Boston Partners grew its position in shares of Valero Energy by 23,224.5% during the second quarter. Boston Partners now owns 5,689,556 shares of the oil and gas company’s stock worth $487,029,000 after acquiring an additional 5,665,163 shares during the last quarter. Nuveen Asset Management LLC grew its position in Valero Energy by 15,904.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 3,352,516 shares of the oil and gas company’s stock valued at $287,009,000 after buying an additional 3,331,568 shares in the last quarter. Thoroughbred Financial Services LLC grew its position in 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 valued at $134,728,000 after buying an additional 1,332,262 shares in the last quarter. Invesco Ltd. grew its position in Valero Energy by 67.6% in the 2nd quarter. Invesco Ltd. now owns 2,523,796 shares of the oil and gas company’s stock valued at $216,062,000 after buying an additional 1,017,717 shares in the last quarter. Finally, BlackRock Inc. grew its position in Valero Energy by 2.7% in the 2nd quarter. BlackRock Inc. now owns 34,645,065 shares of the oil and gas company’s stock valued at $2,965,964,000 after buying an additional 896,211 shares in the last quarter. Institutional investors and hedge funds own 76.11% of the company’s stock.
VLO has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of Valero Energy from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their target price on shares of Valero Energy from $96.00 to $83.00 and set an “overweight” rating for the company in a research report on Tuesday, September 10th. Goldman Sachs Group set a $104.00 target price on shares of Valero Energy and gave the company a “buy” rating in a research report on Friday, October 25th. ValuEngine lowered shares of Valero Energy from a “sell” rating to a “strong sell” rating in a research report on Friday. Finally, Royal Bank of Canada set a $99.00 price target on shares of Valero Energy and gave the company a “buy” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Valero Energy has a consensus rating of “Buy” and an average price target of $103.22.
Shares of NYSE VLO traded down $0.54 during mid-day trading on Friday, reaching $100.86. The company had a trading volume of 2,664,839 shares, compared to its average volume of 3,471,837. The stock has a fifty day moving average of $90.73 and a two-hundred day moving average of $83.27. Valero Energy Co. has a 12-month low of $68.81 and a 12-month high of $101.99. The company has a market capitalization of $41.89 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 2.62 and a beta of 1.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.42.
Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.13. Valero Energy had a return on equity of 10.31% and a net margin of 2.12%. The firm had revenue of $27.25 billion for the quarter, compared to the consensus estimate of $25.93 billion. During the same quarter in the prior year, the company posted $2.01 earnings per share. The firm’s revenue was down 11.7% on a year-over-year basis. Sell-side analysts forecast that Valero Energy Co. will post 4.83 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 20th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $3.60 dividend on an annualized basis and a yield of 3.57%. Valero Energy’s dividend payout ratio is currently 48.85%.
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.
See Also: Buyback For Investors Defined
Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.