Twin Capital Management Inc. reduced its position in Valero Energy Co. (NYSE:VLO) by 39.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,643 shares of the oil and gas company’s stock after selling 47,667 shares during the period. Twin Capital Management Inc.’s holdings in Valero Energy were worth $6,390,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of VLO. Thoroughbred Financial Services LLC boosted its position in Valero Energy by 8,873.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,347,276 shares of the oil and gas company’s stock valued at $134,728,000 after buying an additional 1,332,262 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Valero Energy by 29.3% in the second quarter. Janus Henderson Group PLC now owns 2,495,692 shares of the oil and gas company’s stock worth $213,658,000 after acquiring an additional 564,854 shares during the last quarter. Carillon Tower Advisers Inc. bought a new position in Valero Energy in the first quarter worth about $40,981,000. DekaBank Deutsche Girozentrale lifted its holdings in Valero Energy by 169.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 632,848 shares of the oil and gas company’s stock worth $53,312,000 after acquiring an additional 398,267 shares during the last quarter. Finally, Impala Asset Management LLC bought a new position in Valero Energy in the first quarter worth about $31,956,000. 77.47% of the stock is owned by institutional investors.
Shares of NYSE:VLO traded down $0.19 during trading hours on Thursday, hitting $75.81. The stock had a trading volume of 1,108,959 shares, compared to its average volume of 3,243,614. The firm has a fifty day moving average price of $82.48. Valero Energy Co. has a 1-year low of $68.81 and a 1-year high of $122.42. The firm has a market capitalization of $32.19 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 1.81 and a beta of 1.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.42 and a quick ratio of 0.92.
Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.37 by $0.14. Valero Energy had a net margin of 2.27% and a return on equity of 11.31%. The company had revenue of $28.93 billion for the quarter, compared to analyst estimates of $25.45 billion. During the same quarter last year, the business earned $2.15 earnings per share. Valero Energy’s revenue was down 6.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Valero Energy Co. will post 5.34 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 6th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, August 5th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.75%. Valero Energy’s dividend payout ratio is presently 48.85%.
A number of brokerages have issued reports on VLO. Raymond James raised their target price on shares of Valero Energy from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Goldman Sachs Group raised shares of Valero Energy from a “neutral” rating to a “buy” rating and cut their target price for the stock from $96.00 to $92.00 in a report on Thursday, June 6th. Wells Fargo & Co set a $107.00 target price on shares of Valero Energy and gave the stock a “buy” rating in a report on Friday, July 26th. ValuEngine cut shares of Valero Energy from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. raised shares of Valero Energy from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $102.00 to $105.00 in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. Valero Energy has an average rating of “Buy” and a consensus target price of $105.47.
About Valero Energy
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.
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