Commerzbank Aktiengesellschaft FI lessened its stake in Valero Energy Corporation (NYSE:VLO) by 32.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,631 shares of the oil and gas company’s stock after selling 15,958 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Valero Energy were worth $2,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in Valero Energy by 2.8% in the 2nd quarter. BlackRock Inc. now owns 39,298,010 shares of the oil and gas company’s stock worth $2,651,044,000 after buying an additional 1,080,617 shares in the last quarter. Vanguard Group Inc. increased its holdings in Valero Energy by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 34,153,259 shares of the oil and gas company’s stock worth $2,303,979,000 after buying an additional 747,980 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Valero Energy by 0.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 11,825,862 shares of the oil and gas company’s stock worth $797,793,000 after buying an additional 65,704 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Valero Energy by 4.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 11,273,542 shares of the oil and gas company’s stock worth $867,273,000 after buying an additional 469,406 shares in the last quarter. Finally, LSV Asset Management increased its holdings in Valero Energy by 4.2% in the 2nd quarter. LSV Asset Management now owns 9,076,859 shares of the oil and gas company’s stock worth $612,324,000 after buying an additional 366,009 shares in the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently commented on VLO. Piper Jaffray Companies reiterated a “hold” rating and issued a $78.00 price objective on shares of Valero Energy in a report on Friday, November 17th. Citigroup lifted their price objective on Valero Energy from $68.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Jefferies Group downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Monday, October 16th. US Capital Advisors downgraded Valero Energy from an “overweight” rating to a “hold” rating in a report on Thursday, August 17th. Finally, Cowen reiterated a “buy” rating and issued a $90.00 price objective on shares of Valero Energy in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $79.28.
Valero Energy Corporation (VLO) traded up $2.12 during trading on Tuesday, hitting $85.76. The company’s stock had a trading volume of 3,150,158 shares, compared to its average volume of 4,049,284. The company has a market cap of $36,831.19, a P/E ratio of 18.18, a P/E/G ratio of 1.75 and a beta of 1.20. Valero Energy Corporation has a 1-year low of $60.69 and a 1-year high of $85.86. The company has a current ratio of 1.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.39.
Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.83 by $0.08. The business had revenue of $23.56 billion during the quarter, compared to the consensus estimate of $19.42 billion. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The business’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 EPS. equities research analysts forecast that Valero Energy Corporation will post 4.84 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.27%. Valero Energy’s dividend payout ratio (DPR) is presently 60.48%.
In related news, Director Stephen M. Waters sold 656 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $75.86, for a total transaction of $49,764.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael S. Ciskowski sold 53,012 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total value of $3,863,514.56. Following the transaction, the chief financial officer now owns 67,413 shares of the company’s stock, valued at $4,913,059.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,268 shares of company stock valued at $4,263,601. 0.45% of the stock is currently owned by corporate insiders.
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Valero Energy Company Profile
Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.
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