Nippon Life Global Investors Americas Inc. decreased its holdings in shares of Valero Energy Co. (NYSE:VLO) by 49.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,650 shares of the oil and gas company’s stock after selling 31,350 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in Valero Energy were worth $3,714,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in VLO. Pinnacle Financial Partners Inc. grew its stake in Valero Energy by 0.7% in the 2nd quarter. Pinnacle Financial Partners Inc. now owns 59,162 shares of the oil and gas company’s stock valued at $6,557,000 after buying an additional 434 shares during the last quarter. Allen Capital Group LLC grew its stake in Valero Energy by 5.1% in the 2nd quarter. Allen Capital Group LLC now owns 9,051 shares of the oil and gas company’s stock valued at $1,003,000 after buying an additional 436 shares during the last quarter. Sigma Planning Corp grew its stake in Valero Energy by 4.7% in the 2nd quarter. Sigma Planning Corp now owns 10,106 shares of the oil and gas company’s stock valued at $1,120,000 after buying an additional 457 shares during the last quarter. ACG Wealth grew its stake in Valero Energy by 13.3% in the 2nd quarter. ACG Wealth now owns 4,076 shares of the oil and gas company’s stock valued at $452,000 after buying an additional 477 shares during the last quarter. Finally, Appleton Partners Inc. MA grew its stake in Valero Energy by 1.2% in the 3rd quarter. Appleton Partners Inc. MA now owns 41,763 shares of the oil and gas company’s stock valued at $4,751,000 after buying an additional 497 shares during the last quarter. Institutional investors own 78.09% of the company’s stock.
Shares of Valero Energy stock opened at $91.83 on Friday. 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 fifty-two week low of $80.00 and a fifty-two week high of $126.98. The firm has a market capitalization of $38.51 billion, a price-to-earnings ratio of 18.51, a P/E/G ratio of 0.74 and a beta of 1.03.
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 for the quarter, beating analysts’ consensus estimates of $1.95 by $0.06. Valero Energy had a net margin of 3.96% and a return on equity of 11.91%. The firm had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $31.82 billion. On average, equities research analysts expect that Valero Energy Co. will post 6.47 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Tuesday, November 20th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Monday, November 19th. Valero Energy’s dividend payout ratio (DPR) is presently 64.52%.
A number of research analysts recently issued reports on the stock. ValuEngine lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Citigroup lowered their target price on shares of Valero Energy from $134.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, October 16th. JPMorgan Chase & Co. raised their target price on shares of Valero Energy from $128.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. Morgan Stanley lowered their target price on shares of Valero Energy from $145.00 to $135.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Finally, Mizuho assumed coverage on shares of Valero Energy in a research note on Wednesday, August 1st. They issued a “neutral” rating and a $125.00 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. Valero Energy currently has an average rating of “Hold” and an average target price of $115.82.
About Valero Energy
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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