Seeyond lowered its holdings in Valero Energy Co. (NYSE:VLO) by 16.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,375 shares of the oil and gas company’s stock after selling 3,349 shares during the period. Seeyond’s holdings in Valero Energy were worth $1,487,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of VLO. Advisory Alpha LLC purchased a new stake in shares of Valero Energy in the 1st quarter valued at approximately $27,000. Archford Capital Strategies LLC raised its stake in Valero Energy by 122.7% during the 2nd quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 200 shares during the period. Titan Capital Management LLC CA acquired a new stake in Valero Energy during the 2nd quarter valued at $32,000. NuWave Investment Management LLC lifted its holdings in shares of Valero Energy by 1,107.7% in the second quarter. NuWave Investment Management LLC now owns 471 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 432 shares in the last quarter. Finally, Westside Investment Management Inc. purchased a new stake in shares of Valero Energy in the second quarter valued at $40,000. Hedge funds and other institutional investors own 76.39% of the company’s stock.
Shares of Valero Energy stock traded up $0.65 on Wednesday, hitting $82.33. 2,007,636 shares of the company traded hands, compared to its average volume of 2,785,579. Valero Energy Co. has a 12-month low of $68.81 and a 12-month high of $120.72. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 0.42. The company has a market cap of $32.90 billion, a PE ratio of 11.17, a PEG ratio of 1.99 and a beta of 1.50. The company has a 50-day moving average price of $78.64 and a 200 day moving average price of $81.91.
Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.14. The business had revenue of $28.93 billion during the quarter, compared to analyst estimates of $25.45 billion. Valero Energy had a return on equity of 11.31% and a net margin of 2.27%. Valero Energy’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period last year, the company earned $2.15 earnings per share. Equities research analysts anticipate that Valero Energy Co. will post 4.99 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 6th were paid a $0.90 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $3.60 dividend on an annualized basis and a yield of 4.37%. Valero Energy’s dividend payout ratio (DPR) is currently 48.85%.
VLO has been the topic of a number of research analyst reports. Royal Bank of Canada set a $98.00 price target on Valero Energy and gave the company a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. reduced their price objective on Valero Energy from $96.00 to $83.00 and set an “overweight” rating for the company in a research note on Tuesday. Wells Fargo & Co set a $107.00 price objective on Valero Energy and gave the stock a “buy” rating in a research note on Friday, July 26th. ValuEngine lowered Valero Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Finally, Goldman Sachs Group raised Valero Energy from a “neutral” rating to a “buy” rating and lowered their target price for the company from $96.00 to $92.00 in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $103.47.
Valero Energy 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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