MetLife Investment Advisors LLC decreased its position in shares of Valero Energy Co. (NYSE:VLO) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,336 shares of the oil and gas company’s stock after selling 2,518 shares during the period. MetLife Investment Advisors LLC’s holdings in Valero Energy were worth $14,143,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of VLO. FMR LLC increased its position in Valero Energy by 71.1% during the 2nd quarter. FMR LLC now owns 16,436,742 shares of the oil and gas company’s stock worth $1,821,684,000 after buying an additional 6,831,581 shares during the period. Alliancebernstein L.P. increased its position in Valero Energy by 86.3% during the 3rd quarter. Alliancebernstein L.P. now owns 2,119,846 shares of the oil and gas company’s stock worth $241,132,000 after buying an additional 982,198 shares during the period. Janus Henderson Group PLC increased its position in Valero Energy by 47.4% during the 3rd quarter. Janus Henderson Group PLC now owns 2,590,296 shares of the oil and gas company’s stock worth $294,647,000 after buying an additional 832,413 shares during the period. Natixis increased its position in Valero Energy by 118.4% during the 2nd quarter. Natixis now owns 1,109,729 shares of the oil and gas company’s stock worth $122,991,000 after buying an additional 601,582 shares during the period. Finally, Panagora Asset Management Inc. increased its position in Valero Energy by 38.4% during the 3rd quarter. Panagora Asset Management Inc. now owns 1,387,904 shares of the oil and gas company’s stock worth $157,874,000 after buying an additional 385,234 shares during the period. Hedge funds and other institutional investors own 78.46% of the company’s stock.
Several research analysts have weighed in on the company. Mizuho set a $110.00 price objective on Valero Energy and gave the stock a “hold” rating in a research report on Wednesday, November 28th. ValuEngine upgraded Valero Energy from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Morgan Stanley lowered their price objective on Valero Energy from $135.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, November 20th. Citigroup decreased their price target on Valero Energy from $132.00 to $122.00 and set a “buy” rating on the stock in a research report on Thursday, November 15th. Finally, Credit Suisse Group upgraded Valero Energy from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from $135.00 to $120.00 in a research report on Thursday, November 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $116.80.
Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 25th. The oil and gas company reported $2.01 EPS for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.06. The company had revenue of $30.85 billion for the quarter, compared to analysts’ expectations of $31.82 billion. Valero Energy had a return on equity of 11.90% and a net margin of 3.96%. As a group, equities analysts anticipate that Valero Energy Co. will post 6.13 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 12th. Investors of record on Tuesday, November 20th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 4.37%. The ex-dividend date was Monday, November 19th. Valero Energy’s dividend payout ratio (DPR) is presently 64.52%.
In other Valero Energy news, Director Randall J. Weisenburger acquired 25,000 shares of Valero Energy stock in a transaction that occurred on Tuesday, December 11th. The shares were acquired at an average cost of $72.74 per share, with a total value of $1,818,500.00. Following the completion of the purchase, the director now directly owns 53,717 shares of the company’s stock, valued at approximately $3,907,374.58. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.41% of the company’s stock.
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About Valero Energy
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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