1 week Ago By ABMN Staff
National Bank of Canada FI decreased its position in shares of Valero Energy Co. ( NYSE:VLO – Free Report ) by 18.3% during the second quarter, Holdings Channel reports.
The fund owned 108,484 shares of the oil and gas company’s stock after selling 24,310 shares during the period. National Bank of Canada FI’s holdings in Valero Energy were worth $17,137,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company.
MGO One Seven LLC grew its stake in Valero Energy by 198.8% in the fourth quarter. MGO One Seven LLC now owns 16,605 shares of the oil and gas company’s stock worth $2,159,000 after purchasing an additional 11,047 shares during the period.
Ontario Teachers Pension Plan Board grew its position in shares of Valero Energy by 214.4% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 14,475 shares of the oil and gas company’s stock worth $1,882,000 after buying an additional 9,871 shares during the period.
Manning & Napier Advisors LLC bought a new position in shares of Valero Energy in the 2nd quarter worth about $15,945,000. CIBC Private Wealth Group LLC lifted its position in Valero Energy by 62.2% during the 4th quarter.
CIBC Private Wealth Group LLC now owns 13,586 shares of the oil and gas company’s stock valued at $1,766,000 after acquiring an additional 5,209 shares during the period. Finally, Bollard Group LLC boosted its stake in Valero Energy by 0.8% during the fourth quarter.
Bollard Group LLC now owns 58,968 shares of the oil and gas company’s stock worth $7,666,000 after acquiring an additional 440 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.
Analysts Set New Price Targets A number of brokerages have weighed in on VLO. Argus downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. JPMorgan Chase & Co.
lowered their price objective on Valero Energy from $178.00 to $172.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd.
Barclays dropped their target price on Valero Energy from $171.00 to $165.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th.
Mizuho upgraded Valero Energy from a “neutral” rating to an “outperform” rating and raised their price target for the company from $165.00 to $175.00 in a report on Wednesday, July 17th.
Finally, Scotiabank upped their price target on shares of Valero Energy from $165.00 to $173.00 and gave the stock a “sector outperform” rating in a research note on Friday, July 12th.
One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $174.50.
Valero Energy Stock Performance Shares of VLO stock opened at $134.19 on Friday. The company has a quick ratio of 1.
04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34.
The company has a 50 day moving average price of $148.79 and a 200-day moving average price of $155.61.
Valero Energy Co. has a 52 week low of $119.88 and a 52 week high of $184.
79. The firm has a market capitalization of $43.88 billion, a PE ratio of 6.
65, a P/E/G ratio of 2.72 and a beta of 1.40.
Valero Energy ( NYSE:VLO – Get Free Report ) last posted its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.
60 by $0.11. The business had revenue of $34.
49 billion during the quarter, compared to the consensus estimate of $32.97 billion. Valero Energy had a net margin of 4.
25% and a return on equity of 21.01%. The firm’s revenue was down .
1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.40 EPS.
As a group, equities research analysts expect that Valero Energy Co. will post 12.86 earnings per share for the current year.
Valero Energy Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 1st were given a $1.07 dividend.
The ex-dividend date was Thursday, August 1st. This represents a $4.28 annualized dividend and a yield of 3.
19%. Valero Energy’s payout ratio is 21.20%.
Valero Energy Profile ( Free Report ) Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. See Also Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Valero Energy Co. ( NYSE:VLO – Free Report ). Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.
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