USA Financial Portformulas Corp lessened its stake in shares of Valero Energy Co. (NYSE:VLO) by 7.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,460 shares of the oil and gas company’s stock after selling 2,316 shares during the quarter. USA Financial Portformulas Corp’s holdings in Valero Energy were worth $3,154,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in VLO. Dorsey Wright & Associates boosted its stake in Valero Energy by 160.8% during the second quarter. Dorsey Wright & Associates now owns 76,251 shares of the oil and gas company’s stock worth $8,451,000 after buying an additional 47,012 shares during the period. DnB Asset Management AS boosted its stake in Valero Energy by 6.5% during the second quarter. DnB Asset Management AS now owns 58,627 shares of the oil and gas company’s stock worth $6,498,000 after buying an additional 3,600 shares during the period. Clinton Group Inc. purchased a new position in Valero Energy during the second quarter worth about $3,458,000. IFM Investors Pty Ltd boosted its stake in Valero Energy by 43.6% during the second quarter. IFM Investors Pty Ltd now owns 19,585 shares of the oil and gas company’s stock worth $2,171,000 after buying an additional 5,948 shares during the period. Finally, Empowered Funds LLC purchased a new position in Valero Energy during the second quarter worth about $1,428,000. 78.09% of the stock is owned by institutional investors.
NYSE VLO opened at $91.09 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.67 and a debt-to-equity ratio of 0.39. Valero Energy Co. has a one year low of $77.78 and a one year high of $126.98. The company has a market capitalization of $38.51 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 0.74 and a beta of 1.03.
Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 25th. The oil and gas company reported $2.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.06. Valero Energy had a net margin of 3.96% and a return on equity of 11.91%. The business had revenue of $30.85 billion during the quarter, compared to analyst estimates of $31.82 billion. Equities research analysts anticipate that Valero Energy Co. will post 6.47 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Tuesday, November 20th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.51%. Valero Energy’s dividend payout ratio is currently 64.52%.
VLO has been the subject of several research analyst reports. Goldman Sachs Group lowered shares of Valero Energy from a “neutral” rating to a “sell” rating in a research note on Friday, October 19th. ValuEngine lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Citigroup raised their price objective on shares of Valero Energy from $125.00 to $134.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Morgan Stanley set a $145.00 price objective on shares of Valero Energy and gave the company a “buy” rating in a research note on Friday, October 12th. Finally, Standpoint Research raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $115.82.
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.
Read More: Price to Earnings Ratio (PE) Basics
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