Robeco Institutional Asset Management B.V. raised its position in shares of Valero Energy Co. (NYSE:VLO) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,207,517 shares of the oil and gas company’s stock after purchasing an additional 25,199 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.28% of Valero Energy worth $137,351,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Truvestments Capital LLC acquired a new position in shares of Valero Energy in the third quarter worth $101,000. Kiley Juergens Wealth Management LLC acquired a new position in shares of Valero Energy in the second quarter worth $117,000. Kaizen Advisory LLC increased its stake in shares of Valero Energy by 156.8% in the second quarter. Kaizen Advisory LLC now owns 1,063 shares of the oil and gas company’s stock worth $118,000 after acquiring an additional 649 shares during the last quarter. Stelac Advisory Services LLC acquired a new position in shares of Valero Energy in the second quarter worth $125,000. Finally, Reilly Financial Advisors LLC increased its stake in shares of Valero Energy by 1,164.4% in the third quarter. Reilly Financial Advisors LLC now owns 1,315 shares of the oil and gas company’s stock worth $150,000 after acquiring an additional 1,211 shares during the last quarter. 78.12% of the stock is currently owned by institutional investors.
VLO has been the topic of a number of research reports. 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. upped their price target on shares of Valero Energy from $128.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, July 27th. Morgan Stanley upped their price target on shares of Valero Energy from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 31st. Mizuho initiated coverage on shares of Valero Energy in a research note on Wednesday, August 1st. They issued a “neutral” rating and a $125.00 price target on the stock. Finally, Citigroup upped their price target on shares of Valero Energy from $125.00 to $134.00 and gave the stock 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 assigned a hold rating and twelve have issued a buy rating to the company. Valero Energy presently has a consensus rating of “Hold” and a consensus price target of $115.82.
Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 25th. The oil and gas company reported $2.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.06. The firm had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $31.82 billion. Valero Energy had a net margin of 3.96% and a return on equity of 11.90%. As a group, equities analysts anticipate that Valero Energy Co. will post 6.47 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Tuesday, November 20th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Monday, November 19th. Valero Energy’s dividend payout ratio is presently 64.52%.
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Valero Energy Company Profile
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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