Peddock Capital Advisors LLC lifted its position in Valero Energy Corporation (NYSE:VLO) by 8.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,147 shares of the oil and gas company’s stock after purchasing an additional 913 shares during the quarter. Peddock Capital Advisors LLC’s holdings in Valero Energy were worth $934,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in VLO. Stifel Financial Corp grew its holdings in Valero Energy by 4,916.0% during the third quarter. Stifel Financial Corp now owns 1,378,101 shares of the oil and gas company’s stock worth $106,014,000 after acquiring an additional 1,350,627 shares during the period. FMR LLC grew its holdings in Valero Energy by 146.1% during the second quarter. FMR LLC now owns 2,224,590 shares of the oil and gas company’s stock worth $150,071,000 after acquiring an additional 1,320,524 shares during the period. Harbour Capital Advisors LLC grew its holdings in Valero Energy by 6,236.6% during the second quarter. Harbour Capital Advisors LLC now owns 1,226,760 shares of the oil and gas company’s stock worth $18,185,000 after acquiring an additional 1,207,400 shares during the period. BlackRock Inc. grew its holdings in Valero Energy by 2.8% during the second quarter. BlackRock Inc. now owns 39,298,010 shares of the oil and gas company’s stock worth $2,651,044,000 after acquiring an additional 1,080,617 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Valero Energy by 1,780.4% during the second quarter. Janus Henderson Group PLC now owns 1,127,141 shares of the oil and gas company’s stock worth $76,039,000 after acquiring an additional 1,067,201 shares during the period. Hedge funds and other institutional investors own 81.81% of the company’s stock.
In other news, Director Stephen M. Waters sold 1,600 shares of Valero Energy stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $78.87, for a total value of $126,192.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Philip J. Pfeiffer sold 1,500 shares of Valero Energy stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $81.42, for a total value of $122,130.00. The disclosure for this sale can be found here. Insiders sold 56,768 shares of company stock worth $4,161,601 in the last 90 days. Company insiders own 0.45% of the company’s stock.
Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, beating the Zacks’ consensus estimate of $1.83 by $0.08. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The company had revenue of $23.56 billion for the quarter, compared to the consensus estimate of $19.42 billion. During the same quarter in the previous year, the business earned $1.24 earnings per share. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. equities analysts expect that Valero Energy Corporation will post 4.84 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be given a $0.70 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.26%. Valero Energy’s dividend payout ratio is currently 60.48%.
VLO has been the topic of several research analyst reports. Wells Fargo & Company reissued an “outperform” rating and issued a $87.00 price objective (up from $74.00) on shares of Valero Energy in a report on Tuesday, October 17th. Deutsche Bank reissued a “hold” rating and issued a $73.00 price objective (up from $65.00) on shares of Valero Energy in a report on Wednesday, September 20th. ValuEngine raised Valero Energy from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a report on Monday, October 16th. Finally, Jefferies Group dropped their price objective on Valero Energy from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company. Valero Energy currently has an average rating of “Hold” and an average target price of $79.28.
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Valero Energy Company Profile
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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