Rehmann Capital Advisory Group raised its position in Valero Energy Co. (NYSE:VLO) by 5.2% during the third quarter, HoldingsChannel.com reports. The fund owned 9,351 shares of the oil and gas company’s stock after acquiring an additional 460 shares during the period. Rehmann Capital Advisory Group’s holdings in Valero Energy were worth $1,064,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Marshall Wace North America L.P. increased its position in Valero Energy by 2,616.1% in the third quarter. Marshall Wace North America L.P. now owns 141,239 shares of the oil and gas company’s stock worth $16,065,000 after buying an additional 136,039 shares in the last quarter. Marshall Wace LLP purchased a new stake in Valero Energy in the third quarter worth about $1,184,000. Morgan Stanley increased its position in Valero Energy by 14.2% in the third quarter. Morgan Stanley now owns 3,545,018 shares of the oil and gas company’s stock worth $403,246,000 after buying an additional 441,925 shares in the last quarter. Legal & General Group Plc increased its position in Valero Energy by 4.0% in the third quarter. Legal & General Group Plc now owns 2,482,628 shares of the oil and gas company’s stock worth $282,416,000 after buying an additional 96,597 shares in the last quarter. Finally, B. Riley Wealth Management Inc. purchased a new stake in Valero Energy in the third quarter worth about $297,000. Institutional investors and hedge funds own 78.74% of the company’s stock.
Several analysts recently issued reports on the company. ValuEngine cut Valero Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Citigroup increased their target price on Valero Energy from $125.00 to $134.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. Tudor Pickering cut 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 upgraded Valero Energy from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $116.80.
Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 25th. The oil and gas company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.06. Valero Energy had a return on equity of 11.90% and a net margin of 3.96%. The company had revenue of $30.85 billion during the quarter, compared to analyst estimates of $31.82 billion. Research analysts predict that Valero Energy Co. will post 6.21 earnings per share for the current 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 dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend is Monday, November 19th. Valero Energy’s payout ratio is presently 64.52%.
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Valero Energy Company 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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