Lakeview Capital Partners LLC trimmed its holdings in Valero Energy Co. (NYSE:VLO) by 5.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,371 shares of the oil and gas company’s stock after selling 140 shares during the period. Lakeview Capital Partners LLC’s holdings in Valero Energy were worth $202,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lee Financial Group Hawaii Inc. lifted its holdings in Valero Energy by 0.8% during the 2nd quarter. Lee Financial Group Hawaii Inc. now owns 48,496 shares of the oil and gas company’s stock worth $4,152,000 after buying an additional 382 shares during the period. Adams Natural Resources Fund Inc. grew its stake in shares of Valero Energy by 76.6% during the second quarter. Adams Natural Resources Fund Inc. now owns 206,400 shares of the oil and gas company’s stock valued at $17,670,000 after buying an additional 89,500 shares during the last quarter. Thomasville National Bank purchased a new stake in shares of Valero Energy during the second quarter worth about $1,606,000. Allen Capital Group LLC boosted its holdings in shares of Valero Energy by 11.6% during the second quarter. Allen Capital Group LLC now owns 9,268 shares of the oil and gas company’s stock worth $793,000 after purchasing an additional 962 shares during the period. Finally, Bank of The West boosted its holdings in shares of Valero Energy by 2.0% during the second quarter. Bank of The West now owns 24,305 shares of the oil and gas company’s stock worth $2,081,000 after purchasing an additional 468 shares during the period. 76.11% of the stock is owned by institutional investors.
A number of research firms have recently weighed in on VLO. ValuEngine lowered shares of Valero Energy from a “sell” rating to a “strong sell” rating in a report on Friday. Royal Bank of Canada set a $99.00 target price on shares of Valero Energy and gave the stock a “buy” rating in a report on Friday, October 25th. Morgan Stanley increased their target price on shares of Valero Energy from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Wells Fargo & Co increased their target price on shares of Valero Energy from $107.00 to $108.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Finally, Goldman Sachs Group set a $104.00 target price on shares of Valero Energy and gave the stock a “buy” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $103.22.
Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.13. Valero Energy had a net margin of 2.12% and a return on equity of 10.31%. The business had revenue of $27.25 billion during the quarter, compared to analyst estimates of $25.93 billion. During the same period last year, the business posted $2.01 earnings per share. Valero Energy’s quarterly revenue was down 11.7% compared to the same quarter last year. Equities research analysts expect that Valero Energy Co. will post 4.83 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 20th will be issued a $0.90 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $3.60 annualized dividend and a yield of 3.57%. Valero Energy’s dividend payout ratio (DPR) is presently 48.85%.
Valero Energy Company 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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