Meiji Yasuda Asset Management Co Ltd. increased its holdings in Valero Energy Corporation (NYSE:VLO) by 44.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,277 shares of the oil and gas company’s stock after buying an additional 5,600 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Valero Energy were worth $1,406,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of VLO. Willingdon Wealth Management purchased a new stake in Valero Energy during the third quarter valued at about $100,000. Cable Hill Partners LLC raised its position in Valero Energy by 1,015.3% during the third quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock valued at $101,000 after purchasing an additional 1,198 shares in the last quarter. Independent Portfolio Consultants Inc. raised its position in Valero Energy by 62.2% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock valued at $109,000 after purchasing an additional 619 shares in the last quarter. First Personal Financial Services raised its position in Valero Energy by 13.6% during the second quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 196 shares in the last quarter. Finally, Ffcm LLC raised its position in Valero Energy by 189.4% during the second quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock valued at $128,000 after purchasing an additional 1,231 shares in the last quarter. Institutional investors own 81.81% of the company’s stock.
In other Valero Energy news, Director Philip J. Pfeiffer sold 1,500 shares of Valero Energy stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $81.42, for a total value of $122,130.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen M. Waters sold 1,600 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $78.87, for a total transaction of $126,192.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,768 shares of company stock valued at $4,161,601. 0.45% of the stock is currently owned by insiders.
Valero Energy Corporation (VLO) traded up $0.62 during mid-day trading on Thursday, hitting $85.59. 2,128,948 shares of the stock traded hands, compared to its average volume of 4,037,226. Valero Energy Corporation has a 1 year low of $60.69 and a 1 year high of $86.42. The stock has a market capitalization of $37,730.00, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 1.78 and a beta of 1.20. The company has a quick ratio of 1.24, a current ratio of 1.91 and a debt-to-equity ratio of 0.39.
Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.08. Valero Energy had a net margin of 2.33% and a return on equity of 9.87%. The company had revenue of $23.56 billion during the quarter, compared to analyst estimates of $19.42 billion. During the same period in the previous year, the business earned $1.24 EPS. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. analysts forecast that Valero Energy Corporation will post 4.84 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Monday, November 20th. Valero Energy’s dividend payout ratio (DPR) is presently 60.74%.
A number of equities research analysts have weighed in on VLO shares. Zacks Investment Research upgraded Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Monday, October 16th. ValuEngine raised Valero Energy from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $77.00 price objective on shares of Valero Energy in a research note on Thursday, August 31st. Jefferies Group cut their target price on Valero Energy from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, August 23rd. Finally, Citigroup raised their target price on Valero Energy from $68.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $79.28.
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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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