Ashburton Jersey Ltd raised its stake in shares of Valero Energy Co. (NYSE:VLO) by 173.5% during the third quarter, Holdings Channel reports. The institutional investor owned 6,290 shares of the oil and gas company’s stock after buying an additional 3,990 shares during the period. Ashburton Jersey Ltd’s holdings in Valero Energy were worth $715,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Pinnacle Financial Partners Inc. lifted its stake in shares of Valero Energy by 0.7% during the 2nd quarter. Pinnacle Financial Partners Inc. now owns 59,162 shares of the oil and gas company’s stock worth $6,557,000 after purchasing an additional 434 shares during the period. Allen Capital Group LLC lifted its stake in shares of Valero Energy by 5.1% during the 2nd quarter. Allen Capital Group LLC now owns 9,051 shares of the oil and gas company’s stock worth $1,003,000 after purchasing an additional 436 shares during the period. Sigma Planning Corp lifted its stake in shares of Valero Energy by 4.7% during the 2nd quarter. Sigma Planning Corp now owns 10,106 shares of the oil and gas company’s stock worth $1,120,000 after purchasing an additional 457 shares during the period. ACG Wealth lifted its stake in shares of Valero Energy by 13.3% during the 2nd quarter. ACG Wealth now owns 4,076 shares of the oil and gas company’s stock worth $452,000 after purchasing an additional 477 shares during the period. Finally, Appleton Partners Inc. MA lifted its stake in shares of Valero Energy by 1.2% during the 3rd quarter. Appleton Partners Inc. MA now owns 41,763 shares of the oil and gas company’s stock worth $4,751,000 after purchasing an additional 497 shares during the period. Hedge funds and other institutional investors own 78.12% of the company’s stock.
Shares of VLO opened at $91.28 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.67. The firm has a market capitalization of $39.25 billion, a P/E ratio of 18.40, a PEG ratio of 0.75 and a beta of 1.15. Valero Energy Co. has a twelve month low of $80.00 and a twelve month high of $126.98.
Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 25th. The oil and gas company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.06. The business had revenue of $30.85 billion for the quarter, compared to analyst estimates of $31.82 billion. Valero Energy had a return on equity of 11.91% and a net margin of 3.96%. Equities research analysts expect that Valero Energy Co. will post 6.47 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Investors 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 dividend payout ratio (DPR) is currently 64.52%.
A number of research analysts have weighed in on the company. Citigroup reduced their price target on Valero Energy from $134.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, October 16th. Credit Suisse Group raised Valero Energy from a “neutral” rating to an “outperform” rating and reduced their price target for the stock from $135.00 to $120.00 in a research note on Thursday, November 1st. Morgan Stanley increased their price target on Valero Energy from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 31st. Standpoint Research raised Valero Energy from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Finally, Mizuho assumed coverage on Valero Energy in a research note on Wednesday, August 1st. They set a “neutral” rating and a $125.00 price target on the stock. One equities research 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. The stock currently has an average rating of “Hold” and a consensus target price of $115.82.
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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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