Valero Energy Co. (NYSE:VLO) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its holdings in shares of Valero Energy Co. (NYSE:VLO) by 25.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,875 shares of the oil and gas company’s stock after buying an additional 3,659 shares during the period. Quantinno Capital Management LP’s holdings in Valero Energy were worth $2,414,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of Valero Energy by 1.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,293,589 shares of the oil and gas company’s stock valued at $174,673,000 after buying an additional 22,571 shares during the last quarter. 180 Wealth Advisors LLC acquired a new stake in shares of Valero Energy in the second quarter worth $535,000. Captrust Financial Advisors increased its holdings in shares of Valero Energy by 7.5% in the 3rd quarter. Captrust Financial Advisors now owns 89,762 shares of the oil and gas company’s stock valued at $12,121,000 after purchasing an additional 6,278 shares during the period. HITE Hedge Asset Management LLC lifted its position in Valero Energy by 136.1% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 75,117 shares of the oil and gas company’s stock worth $10,143,000 after buying an additional 43,299 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Valero Energy by 2.8% during the second quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock valued at $1,090,532,000 after purchasing an additional 192,397 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VLO. Barclays cut their price target on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Wells Fargo & Company cut their price objective on shares of Valero Energy from $165.00 to $160.00 and set an “overweight” rating for the company in a research report on Monday. The Goldman Sachs Group dropped their price objective on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research note on Monday, September 16th. Mizuho lowered their price target on Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Finally, Scotiabank reduced their target price on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $155.50.

Valero Energy Trading Down 1.6 %

NYSE VLO opened at $132.34 on Wednesday. The company has a market capitalization of $41.90 billion, a PE ratio of 11.87, a P/E/G ratio of 2.47 and a beta of 1.40. Valero Energy Co. has a 12 month low of $120.21 and a 12 month high of $184.79. The stock has a 50-day simple moving average of $136.97 and a 200 day simple moving average of $144.03. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business had revenue of $32.88 billion during the quarter, compared to analysts’ expectations of $31.04 billion. During the same quarter in the prior year, the company earned $7.49 EPS. The firm’s quarterly revenue was down 14.4% on a year-over-year basis. Research analysts forecast that Valero Energy Co. will post 8.89 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Wednesday, November 20th. Valero Energy’s payout ratio is presently 38.39%.

Valero Energy Company Profile

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.