Wright Investors Service Inc. lifted its position in Valero Energy Co. (NYSE:VLO) by 77.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,309 shares of the oil and gas company’s stock after acquiring an additional 14,524 shares during the quarter. Valero Energy makes up approximately 1.1% of Wright Investors Service Inc.’s portfolio, making the stock its 27th largest position. Wright Investors Service Inc.’s holdings in Valero Energy were worth $2,851,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thoroughbred Financial Services LLC boosted its holdings in shares of Valero Energy by 8,873.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,347,276 shares of the oil and gas company’s stock worth $134,728,000 after buying an additional 1,332,262 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Valero Energy by 29.3% in the 2nd quarter. Janus Henderson Group PLC now owns 2,495,692 shares of the oil and gas company’s stock worth $213,658,000 after buying an additional 564,854 shares during the last quarter. Carillon Tower Advisers Inc. purchased a new position in shares of Valero Energy in the 1st quarter worth about $40,981,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of Valero Energy by 169.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 632,848 shares of the oil and gas company’s stock worth $53,312,000 after buying an additional 398,267 shares during the last quarter. Finally, Impala Asset Management LLC purchased a new position in shares of Valero Energy in the 1st quarter worth about $31,956,000. Hedge funds and other institutional investors own 77.47% of the company’s stock.
A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Valero Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $102.00 to $105.00 in a report on Tuesday, May 14th. Goldman Sachs Group raised shares of Valero Energy from a “neutral” rating to a “buy” rating and cut their price target for the stock from $96.00 to $92.00 in a report on Thursday, June 6th. Raymond James boosted their price target on shares of Valero Energy from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Wells Fargo & Co set a $107.00 price objective on shares of Valero Energy and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada set a $98.00 price objective on shares of Valero Energy and gave the company a “buy” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $105.47.
Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $1.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.14. The business had revenue of $28.93 billion for the quarter, compared to the consensus estimate of $25.45 billion. Valero Energy had a net margin of 2.27% and a return on equity of 11.31%. The company’s revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.15 earnings per share. On average, research analysts expect that Valero Energy Co. will post 5.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 6th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend is Monday, August 5th. Valero Energy’s dividend payout ratio is presently 48.85%.
Valero Energy Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.
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