FineMark National Bank & Trust decreased its stake in shares of Valero Energy Co. (NYSE:VLO) by 1.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 84,419 shares of the oil and gas company’s stock after selling 1,446 shares during the quarter. FineMark National Bank & Trust’s holdings in Valero Energy were worth $9,603,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Cleararc Capital Inc. lifted its stake in Valero Energy by 57.8% in the second quarter. Cleararc Capital Inc. now owns 40,728 shares of the oil and gas company’s stock valued at $4,514,000 after acquiring an additional 14,913 shares during the last quarter. Community Bank & Trust Waco Texas lifted its stake in Valero Energy by 7.6% in the third quarter. Community Bank & Trust Waco Texas now owns 35,570 shares of the oil and gas company’s stock valued at $4,046,000 after acquiring an additional 2,505 shares during the last quarter. Bailard Inc. lifted its stake in Valero Energy by 62.1% in the second quarter. Bailard Inc. now owns 4,405 shares of the oil and gas company’s stock valued at $488,000 after acquiring an additional 1,687 shares during the last quarter. Richard Bernstein Advisors LLC lifted its stake in Valero Energy by 5.1% in the second quarter. Richard Bernstein Advisors LLC now owns 42,606 shares of the oil and gas company’s stock valued at $4,722,000 after acquiring an additional 2,079 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Valero Energy by 16.5% in the second quarter. Canada Pension Plan Investment Board now owns 297,324 shares of the oil and gas company’s stock valued at $32,952,000 after acquiring an additional 42,100 shares during the last quarter. 78.12% of the stock is owned by institutional investors.
A number of brokerages have commented on VLO. ValuEngine cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Citigroup cut their price target on shares of Valero Energy from $134.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday, October 16th. JPMorgan Chase & Co. increased their price target 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 cut their price target on shares of Valero Energy from $145.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, October 29th. Finally, Mizuho began coverage on shares of Valero Energy in a research note on Wednesday, August 1st. They issued a “neutral” rating and a $125.00 price target for the company. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $115.82.
Shares of VLO opened at $91.15 on Tuesday. The stock has a market capitalization of $39.25 billion, a PE ratio of 18.38, a P/E/G ratio of 0.75 and a beta of 1.15. Valero Energy Co. has a fifty-two week low of $80.00 and a fifty-two week high of $126.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.67.
Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 25th. The oil and gas company reported $2.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.06. The company had revenue of $30.85 billion for the quarter, compared to analyst estimates of $31.82 billion. Valero Energy had a net margin of 3.96% and a return on equity of 11.91%. Equities research analysts anticipate that Valero Energy Co. will post 6.47 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Tuesday, November 20th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Monday, November 19th. Valero Energy’s payout ratio is presently 64.52%.
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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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