Daiwa Securities Group Inc. Grows Position in Valero Energy Co. (VLO)

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Daiwa Securities Group Inc. increased its stake in Valero Energy Co. (NYSE:VLO) by 77.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 49,342 shares of the oil and gas company’s stock after acquiring an additional 21,490 shares during the period. Daiwa Securities Group Inc.’s holdings in Valero Energy were worth $5,613,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in Valero Energy in the third quarter worth about $101,000. Kaizen Advisory LLC increased its stake in shares of Valero Energy by 156.8% during the second quarter. Kaizen Advisory LLC now owns 1,063 shares of the oil and gas company’s stock valued at $118,000 after purchasing an additional 649 shares in the last quarter. Kiley Juergens Wealth Management LLC bought a new position in shares of Valero Energy during the second quarter valued at approximately $117,000. Stelac Advisory Services LLC bought a new position in shares of Valero Energy during the second quarter valued at approximately $125,000. Finally, Reilly Financial Advisors LLC increased its stake in shares of Valero Energy by 1,164.4% during the third quarter. Reilly Financial Advisors LLC now owns 1,315 shares of the oil and gas company’s stock valued at $150,000 after purchasing an additional 1,211 shares in the last quarter. 78.12% of the stock is owned by institutional investors.

NYSE:VLO opened at $91.28 on Wednesday. Valero Energy Co. has a 52 week low of $80.00 and a 52 week high of $126.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.67. The company has a market cap of $39.25 billion, a PE ratio of 18.40, a PEG ratio of 0.75 and a beta of 1.15.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 25th. The oil and gas company reported $2.01 EPS for the quarter, beating the Zacks’ consensus estimate of $1.95 by $0.06. Valero Energy had a net margin of 3.96% and a return on equity of 11.91%. The firm had revenue of $30.85 billion for the quarter, compared to analysts’ expectations of $31.82 billion. As a group, equities analysts predict that Valero Energy Co. will post 6.47 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Tuesday, November 20th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Monday, November 19th. Valero Energy’s payout ratio is 64.52%.

A number of equities analysts have weighed in on VLO shares. ValuEngine raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. JPMorgan Chase & Co. raised their target price on shares of Valero Energy from $128.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. Morgan Stanley raised their target price on shares of Valero Energy from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, July 31st. Mizuho started coverage on shares of Valero Energy in a research note on Wednesday, August 1st. They set a “neutral” rating and a $125.00 target price for the company. Finally, Citigroup raised their target price on shares of Valero Energy from $125.00 to $134.00 and gave the company a “buy” rating in a research note on Friday, September 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. Valero Energy presently has a consensus rating of “Hold” and a consensus target price of $115.82.

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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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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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