Rehmann Capital Advisory Group increased its position in Valero Energy Co. (NYSE:VLO) by 5.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,351 shares of the oil and gas company’s stock after purchasing an additional 460 shares during the period. Rehmann Capital Advisory Group’s holdings in Valero Energy were worth $1,064,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Appleton Partners Inc. MA grew its stake 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 during the period. San Francisco Sentry Investment Group CA grew its stake in Valero Energy by 12.1% in the second quarter. San Francisco Sentry Investment Group CA now owns 4,677 shares of the oil and gas company’s stock worth $519,000 after purchasing an additional 505 shares during the period. Impax Asset Management LLC grew its stake in Valero Energy by 10.7% in the second quarter. Impax Asset Management LLC now owns 5,227 shares of the oil and gas company’s stock worth $579,000 after purchasing an additional 505 shares during the period. Stephens Inc. AR grew its stake in Valero Energy by 3.8% in the second quarter. Stephens Inc. AR now owns 14,335 shares of the oil and gas company’s stock worth $1,589,000 after purchasing an additional 522 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its stake in Valero Energy by 16.7% in the second quarter. Dynamic Advisor Solutions LLC now owns 3,730 shares of the oil and gas company’s stock worth $413,000 after purchasing an additional 533 shares during the period. 78.74% of the stock is currently owned by institutional investors.
Several equities research analysts have commented on the company. Mizuho set a $110.00 target price on Valero Energy and gave the stock a “hold” rating in a report on Wednesday, November 28th. ValuEngine raised Valero Energy from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Citigroup dropped their target price on Valero Energy from $132.00 to $122.00 and set a “buy” rating on the stock in a report on Thursday, November 15th. Tudor Pickering downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Finally, Morgan Stanley dropped their target price on Valero Energy from $135.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, November 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $116.80.
Shares of NYSE:VLO opened at $75.99 on Friday. The firm has a market cap of $33.45 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 0.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.59. Valero Energy Co. has a 1 year low of $75.55 and a 1 year high of $126.98.
Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 25th. The oil and gas company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.06. The firm had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $31.82 billion. Valero Energy had a return on equity of 11.90% and a net margin of 3.96%. On average, research analysts predict that Valero Energy Co. will post 6.21 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Tuesday, November 20th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Monday, November 19th. Valero Energy’s payout ratio is currently 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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