Robeco Institutional Asset Management B.V. boosted its stake in Valero Energy Co. (NYSE:VLO - Free Report) by 6.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 239,632 shares of the oil and gas company's stock after purchasing an additional 14,143 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.07% of Valero Energy worth $32,358,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. International Private Wealth Advisors LLC increased its position in Valero Energy by 3.4% in the 2nd quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company's stock valued at $309,000 after buying an additional 65 shares in the last quarter. OmniStar Financial Group Inc. raised its position in shares of Valero Energy by 1.6% during the second quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company's stock worth $712,000 after purchasing an additional 70 shares during the period. Everhart Financial Group Inc. lifted its holdings in shares of Valero Energy by 5.5% in the 2nd quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company's stock worth $214,000 after purchasing an additional 71 shares in the last quarter. St. Johns Investment Management Company LLC grew its position in Valero Energy by 1.4% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company's stock valued at $794,000 after purchasing an additional 72 shares during the period. Finally, Magnus Financial Group LLC increased its stake in Valero Energy by 4.3% during the 2nd quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company's stock valued at $275,000 after purchasing an additional 73 shares in the last quarter. 78.69% of the stock is owned by institutional investors.
A number of research firms have issued reports on VLO. JPMorgan Chase & Co. cut their price target on Valero Energy from $172.00 to $151.00 and set an "overweight" rating for the company in a research note on Wednesday, October 2nd. Scotiabank lowered their price target on Valero Energy from $173.00 to $141.00 and set a "sector outperform" rating for the company in a research report on Thursday, October 10th. Wells Fargo & Company raised shares of Valero Energy from an "equal weight" rating to an "overweight" rating and cut their price objective for the stock from $172.00 to $165.00 in a report on Wednesday, October 9th. BMO Capital Markets lowered their target price on shares of Valero Energy from $175.00 to $165.00 and set an "outperform" rating for the company in a report on Friday, October 4th. Finally, Barclays cut their price target on shares of Valero Energy from $165.00 to $146.00 and set an "overweight" rating on the stock in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $156.29.
Get Our Latest Report on VLO
VLO stock opened at $132.06 on Wednesday. Valero Energy Co. has a fifty-two week low of $119.88 and a fifty-two week high of $184.79. The stock has a fifty day moving average of $136.25 and a 200-day moving average of $147.83. The company has a market capitalization of $42.31 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 2.29 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57.
Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.16. The company had revenue of $32.88 billion for the quarter, compared to analysts' expectations of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. Valero Energy's revenue was down 14.4% compared to the same quarter last year. During the same period in the prior year, the company posted $7.49 EPS. As a group, equities research analysts predict that Valero Energy Co. will post 9.32 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Wednesday, November 20th. Valero Energy's payout ratio is presently 38.39%.
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.
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