Advantage Investment Management LLC lifted its stake in shares of Valero Energy Corporation (NYSE:VLO) by 83.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,089 shares of the oil and gas company’s stock after acquiring an additional 1,409 shares during the period. Advantage Investment Management LLC’s holdings in Valero Energy were worth $238,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Stifel Financial Corp grew its position in Valero Energy by 4,916.0% in the third quarter. Stifel Financial Corp now owns 1,378,101 shares of the oil and gas company’s stock valued at $106,014,000 after purchasing an additional 1,350,627 shares in the last quarter. FMR LLC grew its position in Valero Energy by 146.1% in the second quarter. FMR LLC now owns 2,224,590 shares of the oil and gas company’s stock valued at $150,071,000 after purchasing an additional 1,320,524 shares in the last quarter. Harbour Capital Advisors LLC grew its position in Valero Energy by 6,236.6% in the second quarter. Harbour Capital Advisors LLC now owns 1,226,760 shares of the oil and gas company’s stock valued at $18,185,000 after purchasing an additional 1,207,400 shares in the last quarter. BlackRock Inc. grew its position in Valero Energy by 2.8% in the second quarter. BlackRock Inc. now owns 39,298,010 shares of the oil and gas company’s stock valued at $2,651,044,000 after purchasing an additional 1,080,617 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in Valero Energy by 1,780.4% in the second quarter. Janus Henderson Group PLC now owns 1,127,141 shares of the oil and gas company’s stock valued at $76,039,000 after purchasing an additional 1,067,201 shares in the last quarter. 81.81% of the stock is owned by institutional investors.
Shares of Valero Energy Corporation (NYSE:VLO) traded up $2.12 during mid-day trading on Tuesday, reaching $85.76. 3,150,158 shares of the company’s stock were exchanged, compared to its average volume of 4,049,284. The firm has a market capitalization of $36,831.19, a PE ratio of 18.18, a P/E/G ratio of 1.75 and a beta of 1.20. The company has a current ratio of 1.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a 12-month low of $60.69 and a 12-month high of $85.86.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Monday, November 20th. Valero Energy’s dividend payout ratio is presently 60.48%.
A number of research analysts recently weighed in on the stock. US Capital Advisors downgraded shares of Valero Energy from an “overweight” rating to a “hold” rating in a research report on Thursday, August 17th. Macquarie reaffirmed a “neutral” rating on shares of Valero Energy in a research report on Monday, October 23rd. They noted that the move was a valuation call. Jefferies Group downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Deutsche Bank reaffirmed a “hold” rating and issued a $73.00 target price (up previously from $65.00) on shares of Valero Energy in a research report on Wednesday, September 20th. Finally, Cowen reaffirmed a “buy” rating and issued a $90.00 target price on shares of Valero Energy in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $79.28.
In other news, Director Stephen M. Waters sold 656 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $75.86, for a total transaction of $49,764.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Philip J. Pfeiffer sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $81.42, for a total transaction of $122,130.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,268 shares of company stock valued at $4,263,601. 0.45% of the stock is currently owned by corporate insiders.
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About Valero Energy
Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.
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