Comerica Securities Inc. reduced its position in Valero Energy Co. (NYSE:VLO) by 21.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,268 shares of the oil and gas company’s stock after selling 616 shares during the period. Comerica Securities Inc.’s holdings in Valero Energy were worth $258,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of VLO. Cleararc Capital Inc. grew its holdings in Valero Energy by 57.8% during the 2nd quarter. Cleararc Capital Inc. now owns 40,728 shares of the oil and gas company’s stock valued at $4,514,000 after buying an additional 14,913 shares during the last quarter. Community Bank & Trust Waco Texas grew its holdings in Valero Energy by 7.6% during the 3rd quarter. Community Bank & Trust Waco Texas now owns 35,570 shares of the oil and gas company’s stock valued at $4,046,000 after buying an additional 2,505 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Valero Energy by 8.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 35,474 shares of the oil and gas company’s stock valued at $4,036,000 after buying an additional 2,679 shares during the last quarter. Bailard Inc. boosted its holdings in shares of Valero Energy by 62.1% during the second quarter. Bailard Inc. now owns 4,405 shares of the oil and gas company’s stock worth $488,000 after purchasing an additional 1,687 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors acquired a new stake in shares of Valero Energy during the third quarter worth $289,000. 78.74% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently issued reports on VLO. ValuEngine cut Valero Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Citigroup raised their price objective on Valero Energy from $125.00 to $134.00 and gave the stock a “buy” rating in a report on Friday, September 7th. Tudor Pickering lowered Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Morgan Stanley set a $145.00 target price on Valero Energy and gave the stock a “buy” rating in a research report on Friday, October 12th. Finally, Standpoint Research raised Valero Energy from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $116.80.
Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, October 25th. The oil and gas company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.06. The company had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $31.82 billion. Valero Energy had a return on equity of 11.90% and a net margin of 3.96%. On average, equities analysts expect that Valero Energy Co. will post 6.26 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Tuesday, November 20th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, November 19th. This represents a $3.20 dividend on an annualized basis and a yield of 3.94%. Valero Energy’s dividend payout ratio (DPR) is 64.52%.
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Valero Energy Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. 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. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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