Meeder Asset Management Inc. boosted its position in shares of Valero Energy Co. (NYSE:VLO) by 15.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 83,331 shares of the oil and gas company’s stock after buying an additional 11,045 shares during the quarter. Meeder Asset Management Inc.’s holdings in Valero Energy were worth $9,480,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Pinnacle Financial Partners Inc. increased its position in shares of 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 in the last quarter. Allen Capital Group LLC increased its position in shares of 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 in the last quarter. Sigma Planning Corp increased its position in shares of 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 in the last quarter. ACG Wealth increased its position in shares of 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 in the last quarter. Finally, Appleton Partners Inc. MA increased its position in shares of 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 in the last quarter. 78.12% of the stock is currently owned by hedge funds and other institutional investors.
VLO has been the subject of a number of recent analyst reports. Standpoint Research upgraded shares of Valero Energy from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Wells Fargo & Co lowered their price objective on shares of Valero Energy from $141.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Morgan Stanley upped their price objective on shares of Valero Energy from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, July 31st. Goldman Sachs Group cut shares of Valero Energy from a “neutral” rating to a “sell” rating in a research report on Friday, October 19th. Finally, Tudor Pickering cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. Valero Energy presently has an average rating of “Hold” and a consensus price target of $115.82.
VLO stock opened at $91.83 on Monday. The stock has a market cap of $39.25 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 0.75 and a beta of 1.15. 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 Co. has a 1 year low of $80.00 and a 1 year high of $126.98.
Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 25th. The oil and gas company reported $2.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.06. The firm had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $31.82 billion. Valero Energy had a return on equity of 11.91% and a net margin of 3.96%. As a group, sell-side analysts forecast that Valero Energy Co. will post 6.47 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Tuesday, November 20th will be issued a dividend of $0.80 per share. 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%.
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.
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