GWM Advisors LLC lifted its stake in Valero Energy Co. (NYSE:VLO) by 10.2% in the third quarter, HoldingsChannel.com reports. The fund owned 7,800 shares of the oil and gas company’s stock after purchasing an additional 725 shares during the period. GWM Advisors LLC’s holdings in Valero Energy were worth $887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of VLO. Dorsey Wright & Associates boosted its holdings in shares of Valero Energy by 160.8% in the second quarter. Dorsey Wright & Associates now owns 76,251 shares of the oil and gas company’s stock worth $8,451,000 after acquiring an additional 47,012 shares during the period. DnB Asset Management AS boosted its holdings in shares of Valero Energy by 6.5% in 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 acquiring an additional 3,600 shares during the period. Clinton Group Inc. bought a new position in shares of Valero Energy in the second quarter worth $3,458,000. IFM Investors Pty Ltd boosted its holdings in shares of Valero Energy by 43.6% in 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 acquiring an additional 5,948 shares during the period. Finally, Empowered Funds LLC bought a new position in shares of Valero Energy in the second quarter worth $1,428,000. 78.09% of the stock is owned by hedge funds and other institutional investors.
NYSE:VLO opened at $92.51 on Friday. The firm has a market cap of $38.51 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 0.74 and a beta of 1.03. Valero Energy Co. has a 52-week low of $80.00 and a 52-week high of $126.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.67 and a quick ratio of 1.10.
Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 25th. The oil and gas company reported $2.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.95 by $0.06. Valero Energy had a return on equity of 11.91% and a net margin of 3.96%. The firm 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 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Tuesday, November 20th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Monday, November 19th. Valero Energy’s dividend payout ratio (DPR) is currently 64.52%.
A number of equities analysts have recently commented on the company. ValuEngine lowered Valero Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Morgan Stanley lifted their price objective on Valero Energy from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, July 31st. Mizuho assumed coverage on Valero Energy in a research note on Wednesday, August 1st. They set a “neutral” rating and a $125.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Valero Energy from $128.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. Finally, Citigroup lifted their price objective on Valero Energy from $125.00 to $134.00 and gave the company a “buy” rating in a research note on Friday, September 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $115.82.
Valero Energy 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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