Barings LLC Boosts Stake in Valero Energy Co. (VLO)

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Barings LLC lifted its stake in shares of Valero Energy Co. (NYSE:VLO) by 85.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 128,693 shares of the oil and gas company’s stock after buying an additional 59,239 shares during the quarter. Barings LLC’s holdings in Valero Energy were worth $9,648,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its stake in shares of Valero Energy by 4,599.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,491,501 shares of the oil and gas company’s stock worth $167,000 after buying an additional 12,225,706 shares during the last quarter. AQR Capital Management LLC lifted its stake 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 worth $952,212,000 after buying an additional 781,426 shares during the last quarter. Morgan Stanley lifted its stake 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 worth $403,246,000 after buying an additional 441,925 shares during the last quarter. Putnam Investments LLC lifted its stake 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 worth $323,593,000 after buying an additional 13,903 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake 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 worth $294,647,000 after buying an additional 832,413 shares during the last quarter. Institutional investors own 80.90% of the company’s stock.

VLO stock opened at $84.79 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.59. Valero Energy Co. has a 12 month low of $68.81 and a 12 month high of $126.98. The stock has a market capitalization of $35.81 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 1.40 and a beta of 1.14.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, January 31st. The oil and gas company reported $2.12 EPS for the quarter, beating the consensus estimate of $1.03 by $1.09. Valero Energy had a net margin of 2.67% and a return on equity of 13.60%. The firm had revenue of $28.73 billion for the quarter, compared to analyst estimates of $23.26 billion. Equities research analysts forecast that Valero Energy Co. will post 7.45 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 5th. Shareholders of record on Wednesday, February 13th will be issued a $0.90 dividend. This is a positive change from Valero Energy’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 4.25%. The ex-dividend date is Tuesday, February 12th. Valero Energy’s dividend payout ratio (DPR) is currently 48.85%.

In other news, Director Randall J. Weisenburger bought 25,000 shares of the firm’s stock in a transaction on Tuesday, December 11th. The shares were purchased at an average cost of $72.74 per share, with a total value of $1,818,500.00. Following the acquisition, the director now directly owns 53,717 shares in the company, valued at $3,907,374.58. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.41% of the stock is owned by company insiders.

VLO has been the topic of a number of recent research reports. Wells Fargo & Co lowered their price target on shares of Valero Energy from $141.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. Raymond James lowered their price target on shares of Valero Energy from $141.00 to $117.00 and set an “outperform” rating on the stock in a research report on Friday, October 26th. 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 research report on Monday, October 29th. Credit Suisse Group raised shares of Valero Energy from a “neutral” rating to an “outperform” rating and lowered their price target for the stock from $135.00 to $120.00 in a research report on Thursday, November 1st. Finally, ValuEngine lowered shares of Valero Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $112.01.

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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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