State of Alaska Department of Revenue boosted its position in shares of Valero Energy Co. (NYSE:VLO) by 8.0% during the 4th quarter, HoldingsChannel reports. The firm owned 167,538 shares of the oil and gas company’s stock after buying an additional 12,429 shares during the quarter. State of Alaska Department of Revenue’s holdings in Valero Energy were worth $12,558,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC grew its position in Valero Energy by 71.1% during the 2nd quarter. FMR LLC now owns 16,436,742 shares of the oil and gas company’s stock worth $1,821,684,000 after purchasing an additional 6,831,581 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Valero Energy by 10.3% during the 3rd quarter. AQR Capital Management LLC now owns 8,371,097 shares of the oil and gas company’s stock valued at $952,212,000 after acquiring an additional 781,426 shares in the last quarter. Morgan Stanley grew its holdings in shares of Valero Energy by 14.2% during the 3rd quarter. Morgan Stanley now owns 3,545,018 shares of the oil and gas company’s stock valued at $403,246,000 after acquiring an additional 441,925 shares in the last quarter. Putnam Investments LLC grew its holdings in shares of Valero Energy by 0.5% during the 3rd quarter. Putnam Investments LLC now owns 2,844,779 shares of the oil and gas company’s stock valued at $323,593,000 after acquiring an additional 13,903 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Valero Energy by 47.4% during the 3rd quarter. Janus Henderson Group PLC now owns 2,590,296 shares of the oil and gas company’s stock valued at $294,647,000 after acquiring an additional 832,413 shares in the last quarter. Hedge funds and other institutional investors own 78.13% of the company’s stock.
VLO has been the topic of several research analyst reports. Goldman Sachs Group cut shares of Valero Energy from a “neutral” rating to a “sell” rating in a report on Friday, October 19th. Morgan Stanley lowered their price target on shares of Valero Energy from $145.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Credit Suisse Group upgraded shares of Valero Energy from a “neutral” rating to an “outperform” rating and lowered their price target for the company from $135.00 to $120.00 in a report on Thursday, November 1st. Mizuho set a $110.00 price target on shares of Valero Energy and gave the company a “hold” rating in a report on Wednesday, November 28th. Finally, Citigroup lowered their price target on shares of Valero Energy from $134.00 to $132.00 and set a “buy” rating on the stock in a report on Tuesday, October 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $117.29.
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 6.06 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 12th. Shareholders of record on Tuesday, November 20th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Monday, November 19th. Valero Energy’s dividend payout ratio is 64.52%.
In other news, Director Randall J. Weisenburger bought 25,000 shares of the business’s stock in a transaction on Tuesday, December 11th. The stock was purchased at an average price of $72.74 per share, with a total value of $1,818,500.00. Following the transaction, the director now directly owns 53,717 shares in the company, valued at $3,907,374.58. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.41% of the stock is owned by insiders.
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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