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Wright Investors Service Inc. decreased its position in Valero Energy Co. (NYSE:VLO – Get Rating) by 5.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,068 shares of the oil and gas company’s stock after selling 2,125 shares during the period. Valero Energy accounts for 1.2% of Wright Investors Service Inc.’s portfolio, making the stock its 22nd largest position. Wright Investors Service Inc.’s holdings in Valero Energy were worth $3,854,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in Valero Energy by 53.4% during the second quarter. FMR LLC now owns 15,471,401 shares of the oil and gas company’s stock valued at $1,644,300,000 after purchasing an additional 5,384,997 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Valero Energy by 10,294.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,321,288 shares of the oil and gas company’s stock valued at $141,180,000 after buying an additional 1,308,577 shares during the period. Assenagon Asset Management S.A. raised its stake in Valero Energy by 1,686.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,166,770 shares of the oil and gas company’s stock worth $124,004,000 after buying an additional 1,101,451 shares during the period. Neuberger Berman Group LLC lifted its holdings in Valero Energy by 416.5% during the first quarter. Neuberger Berman Group LLC now owns 1,243,931 shares of the oil and gas company’s stock worth $126,316,000 after acquiring an additional 1,003,087 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in Valero Energy by 79.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,038,311 shares of the oil and gas company’s stock valued at $216,632,000 after acquiring an additional 900,370 shares during the period. 79.28% of the stock is owned by institutional investors.
Valero Energy Stock Up 0.2 %
NYSE VLO traded up $0.26 during trading hours on Friday, hitting $135.58. 41,415 shares of the company traded hands, compared to its average volume of 4,018,216. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.93 and a current ratio of 1.32. The business’s 50-day moving average is $128.26 and its 200-day moving average is $118.26. The stock has a market capitalization of $52.27 billion, a price-to-earnings ratio of 5.80, a P/E/G ratio of 1.18 and a beta of 1.63. Valero Energy Co. has a twelve month low of $75.04 and a twelve month high of $146.80.
Valero Energy (NYSE:VLO – Get Rating) last released its earnings results on Tuesday, October 25th. The oil and gas company reported $7.14 earnings per share for the quarter, beating the consensus estimate of $7.00 by $0.14. Valero Energy had a net margin of 5.53% and a return on equity of 43.20%. The business had revenue of $44.45 billion during the quarter, compared to analysts’ expectations of $41.16 billion. During the same period last year, the business earned $1.22 earnings per share. The firm’s revenue was up 50.6% on a year-over-year basis. Sell-side analysts anticipate that Valero Energy Co. will post 27.23 earnings per share for the current year.
Valero Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th were issued a $0.98 dividend. The ex-dividend date of this dividend was Wednesday, November 16th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.89%. Valero Energy’s payout ratio is 16.73%.
Insider Activity at Valero Energy
In other Valero Energy news, CEO Joseph W. Gorder sold 37,567 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $127.00, for a total value of $4,771,009.00. Following the sale, the chief executive officer now owns 569,786 shares in the company, valued at $72,362,822. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Gary K. Simmons sold 1,750 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $135.16, for a total transaction of $236,530.00. Following the completion of the sale, the executive vice president now owns 165,299 shares in the company, valued at $22,341,812.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Joseph W. Gorder sold 37,567 shares of the stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $127.00, for a total value of $4,771,009.00. Following the transaction, the chief executive officer now owns 569,786 shares in the company, valued at approximately $72,362,822. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the company. Piper Sandler dropped their price target on Valero Energy from $177.00 to $165.00 and set an “overweight” rating on the stock in a research report on Monday, December 19th. Mizuho reissued a “buy” rating and set a $157.00 price objective (up previously from $150.00) on shares of Valero Energy in a research report on Tuesday. Wells Fargo & Company boosted their price objective on shares of Valero Energy from $137.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 5th. Raymond James upped their target price on shares of Valero Energy from $152.00 to $169.00 and gave the stock a “strong-buy” rating in a research note on Friday. Finally, StockNews.com upgraded Valero Energy from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Valero Energy currently has an average rating of “Buy” and an average target price of $141.50.
About Valero Energy
(Get Rating)
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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