Robeco Institutional Asset Management B.V. lifted its stake in Valero Energy Co. (NYSE:VLO) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,207,517 shares of the oil and gas company’s stock after acquiring an additional 25,199 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Valero Energy were worth $137,351,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pinnacle Financial Partners Inc. lifted its stake in shares of Valero Energy by 0.7% in the second 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 during the period. Allen Capital Group LLC lifted its stake in shares of Valero Energy by 5.1% in the second 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 during the period. Sigma Planning Corp lifted its stake in shares of Valero Energy by 4.7% in the second 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 during the period. ACG Wealth lifted its stake in shares of Valero Energy by 13.3% in the second 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 during the period. Finally, Appleton Partners Inc. MA raised its position in Valero Energy by 1.2% in the third 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 in the last quarter. Institutional investors and hedge funds own 78.12% of the company’s stock.
NYSE VLO opened at $87.58 on Friday. The company has a market cap of $39.57 billion, a PE ratio of 14.65, a PEG ratio of 0.76 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.59 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 posted its quarterly earnings data on Thursday, October 25th. The oil and gas company reported $2.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.95 by $0.06. The company had revenue of $30.85 billion during 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 11.90%. Equities analysts predict that Valero Energy Co. will post 6.47 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Tuesday, November 20th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Monday, November 19th. Valero Energy’s dividend payout ratio is currently 64.52%.
Several research firms recently issued reports on VLO. ValuEngine lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Morgan Stanley increased their price target on shares of Valero Energy from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 31st. Mizuho began coverage on shares of Valero Energy in a research report on Wednesday, August 1st. They issued a “neutral” rating and a $125.00 price target for the company. JPMorgan Chase & Co. increased their price target on shares of Valero Energy from $128.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. Finally, Citigroup increased their price target on shares of Valero Energy from $125.00 to $134.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. 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’s stock. Valero Energy currently has an average rating of “Hold” and an average target price of $115.82.
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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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