DAVENPORT & Co LLC lessened its holdings in Valero Energy Co. (NYSE:VLO – Get Rating) by 17.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 10,253 shares of the oil and gas company's stock after selling 2,104 shares during the period. DAVENPORT & Co LLC's holdings in Valero Energy were worth $1,090,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. National Pension Service lifted its position in Valero Energy by 11.9% during the first quarter. National Pension Service now owns 655,108 shares of the oil and gas company's stock valued at $66,520,000 after acquiring an additional 69,619 shares during the last quarter. Douglas Lane & Associates LLC lifted its position in Valero Energy by 2.1% during the first quarter. Douglas Lane & Associates LLC now owns 67,801 shares of the oil and gas company's stock valued at $6,885,000 after acquiring an additional 1,385 shares during the last quarter. Signature Wealth Management Group lifted its position in Valero Energy by 7.0% during the first quarter. Signature Wealth Management Group now owns 51,194 shares of the oil and gas company's stock valued at $5,198,000 after acquiring an additional 3,333 shares during the last quarter. Flagship Harbor Advisors LLC lifted its position in Valero Energy by 4.3% during the first quarter. Flagship Harbor Advisors LLC now owns 8,050 shares of the oil and gas company's stock valued at $817,000 after acquiring an additional 330 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Valero Energy by 143.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 65,319 shares of the oil and gas company's stock valued at $6,632,000 after purchasing an additional 38,487 shares in the last quarter. Hedge funds and other institutional investors own 79.78% of the company's stock.
Get Valero Energy alerts:Valero Energy Stock Down 1.4 %
VLO stock opened at $107.24 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.25 and a quick ratio of 0.92. The company has a market cap of $42.25 billion, a price-to-earnings ratio of 6.17, a price-to-earnings-growth ratio of 0.61 and a beta of 1.68. The company has a fifty day moving average price of $111.47 and a 200 day moving average price of $112.05. Valero Energy Co. has a 12 month low of $65.13 and a 12 month high of $146.80.
Valero Energy (NYSE:VLO – Get Rating) last released its earnings results on Thursday, July 28th. The oil and gas company reported $11.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.33 by $5.03. The company had revenue of $51.64 billion for the quarter, compared to analyst estimates of $40.73 billion. Valero Energy had a net margin of 4.54% and a return on equity of 34.65%. The firm's quarterly revenue was up 86.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 EPS. Sell-side analysts expect that Valero Energy Co. will post 27.55 earnings per share for the current year.Valero Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 4th were paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Wednesday, August 3rd. Valero Energy's payout ratio is 22.57%.
Analyst Ratings Changes
A number of research analysts have issued reports on VLO shares. Credit Suisse Group upped their price target on shares of Valero Energy to $145.00 in a research note on Thursday, June 9th. BMO Capital Markets started coverage on shares of Valero Energy in a research note on Monday, June 13th. They set a "market perform" rating and a $155.00 price target on the stock. Morgan Stanley upped their price target on shares of Valero Energy from $125.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, July 15th. Wells Fargo & Company upped their price target on shares of Valero Energy from $130.00 to $131.00 and gave the company an "overweight" rating in a research note on Wednesday, September 21st. Finally, StockNews.com upgraded shares of Valero Energy from a "buy" rating to a "strong-buy" rating in a research note on Monday, September 5th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Valero Energy has a consensus rating of "Buy" and a consensus price target of $130.23.
Valero Energy Profile
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Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids.
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