Dean Capital Investments Management LLC bought a new position in shares of Valero Energy Co. (NYSE:VLO) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 24,747 shares of the oil and gas company’s stock, valued at approximately $2,109,000. Valero Energy comprises approximately 1.2% of Dean Capital Investments Management LLC’s holdings, making the stock its 7th biggest holding.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Archford Capital Strategies LLC increased its holdings in Valero Energy by 122.7% in the 2nd quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 200 shares during the period. Mechanics Bank Trust Department bought a new position in Valero Energy in the 3rd quarter valued at about $31,000. Titan Capital Management LLC CA acquired a new stake in shares of Valero Energy in the 2nd quarter valued at approximately $32,000. Stonebridge Capital Advisors LLC acquired a new stake in shares of Valero Energy in the 2nd quarter valued at approximately $32,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Valero Energy in the 3rd quarter valued at approximately $33,000. Institutional investors own 76.42% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Valero Energy from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. reduced their price target on shares of Valero Energy from $96.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 10th. Goldman Sachs Group set a $104.00 price target on shares of Valero Energy and gave the company a “buy” rating in a research note on Friday, October 25th. ValuEngine downgraded shares of Valero Energy from a “sell” rating to a “strong sell” rating in a research note on Friday. Finally, Royal Bank of Canada set a $99.00 price target on shares of Valero Energy and gave the company a “buy” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $103.22.
Shares of NYSE VLO traded up $0.63 during midday trading on Tuesday, reaching $101.31. The stock had a trading volume of 9,432 shares, compared to its average volume of 3,172,910. The firm has a market cap of $41.80 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 2.61 and a beta of 1.49. Valero Energy Co. has a twelve month low of $68.81 and a twelve month high of $101.99. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.88 and a current ratio of 1.40. The company’s 50 day moving average price is $91.44 and its 200 day moving average price is $83.38.
Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.13. The firm had revenue of $27.25 billion for the quarter, compared to the consensus estimate of $25.93 billion. Valero Energy had a net margin of 2.12% and a return on equity of 10.37%. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.01 EPS. Equities analysts forecast that Valero Energy Co. will post 4.83 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 20th will be given a $0.90 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.55%. Valero Energy’s dividend payout ratio (DPR) is currently 48.85%.
Valero Energy Company Profile
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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