Carillon Tower Advisers Inc. lowered its stake in Valero Energy Co. (NYSE:VLO) by 58.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 172,417 shares of the oil and gas company’s stock after selling 245,300 shares during the period. Carillon Tower Advisers Inc.’s holdings in Valero Energy were worth $14,697,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in VLO. Archford Capital Strategies LLC lifted its stake in Valero Energy by 122.7% in the second 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 in the last quarter. Mechanics Bank Trust Department acquired a new stake in shares of Valero Energy in the third quarter valued at approximately $31,000. Titan Capital Management LLC CA acquired a new stake in shares of Valero Energy in the second quarter valued at approximately $32,000. Stonebridge Capital Advisors LLC acquired a new stake in shares of Valero Energy in the second quarter valued at approximately $32,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Valero Energy in the third quarter valued at approximately $33,000. 76.11% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently issued reports on VLO. Goldman Sachs Group set a $104.00 price objective on shares of Valero Energy and gave the company a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada set a $99.00 price objective on shares of Valero Energy and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Co lifted their price objective on shares of Valero Energy from $107.00 to $108.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. ValuEngine downgraded shares of Valero Energy from a “sell” rating to a “strong sell” rating in a report on Friday. Finally, Morgan Stanley lifted their price objective on shares of Valero Energy from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $103.22.
Shares of VLO opened at $100.68 on Tuesday. The company has a market cap of $41.89 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 2.62 and a beta of 1.49. Valero Energy Co. has a 1-year low of $68.81 and a 1-year high of $101.99. The company’s fifty day simple moving average is $91.44 and its 200 day simple moving average is $83.38. The company has a current ratio of 1.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42.
Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 24th. The oil and gas company reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.13. The business 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 10.31%. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.01 earnings per share. As a group, research analysts forecast that Valero Energy Co. will post 4.83 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $3.60 dividend on an annualized basis and a yield of 3.58%. Valero Energy’s payout ratio is 48.85%.
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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