Pine Valley Investments Ltd Liability Co Increases Stake in Valero Energy Co. (NYSE:VLO)

Pine Valley Investments Ltd Liability Co lifted its holdings in shares of Valero Energy Co. (NYSE:VLOFree Report) by 17.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,268 shares of the oil and gas company’s stock after purchasing an additional 3,830 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Valero Energy were worth $3,722,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of VLO. Morgan Stanley lifted its position in Valero Energy by 4.1% in the fourth quarter. Morgan Stanley now owns 10,065,228 shares of the oil and gas company’s stock valued at $1,276,875,000 after purchasing an additional 395,771 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Valero Energy by 3.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 8,279,603 shares of the oil and gas company’s stock worth $971,197,000 after purchasing an additional 240,664 shares during the period. Nuveen Asset Management LLC grew its stake in shares of Valero Energy by 7.6% in the second quarter. Nuveen Asset Management LLC now owns 6,128,301 shares of the oil and gas company’s stock worth $718,850,000 after acquiring an additional 434,057 shares during the last quarter. Norges Bank purchased a new stake in shares of Valero Energy in the fourth quarter worth $534,892,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Valero Energy by 9.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,118,486 shares of the oil and gas company’s stock valued at $483,091,000 after purchasing an additional 347,029 shares in the last quarter. Institutional investors own 77.07% of the company’s stock.

Analyst Upgrades and Downgrades

VLO has been the topic of a number of research analyst reports. Citigroup initiated coverage on Valero Energy in a report on Wednesday, January 24th. They set a “buy” rating on the stock. Wells Fargo & Company lowered their price target on Valero Energy from $144.00 to $141.00 in a report on Monday, October 9th. Raymond James increased their target price on Valero Energy from $154.00 to $155.00 and gave the company a “strong-buy” rating in a report on Friday, January 26th. Tudor, Pickering, Holt & Co. downgraded Valero Energy from a “buy” rating to a “hold” rating and lowered their target price for the company from $150.00 to $130.00 in a report on Monday, October 30th. Finally, Barclays increased their target price on Valero Energy from $146.00 to $149.00 and gave the company an “overweight” rating in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Valero Energy has an average rating of “Moderate Buy” and a consensus price target of $153.62.

Read Our Latest Stock Report on VLO

Valero Energy Price Performance

Shares of NYSE:VLO traded down $1.64 during trading on Tuesday, hitting $138.77. 2,473,194 shares of the company’s stock were exchanged, compared to its average volume of 3,284,375. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.51 and a quick ratio of 1.08. Valero Energy Co. has a 52-week low of $104.18 and a 52-week high of $152.20. The business’s 50-day simple moving average is $129.98 and its 200 day simple moving average is $130.91. The company has a market cap of $47.24 billion, a price-to-earnings ratio of 5.68, a PEG ratio of 1.58 and a beta of 1.53.

Valero Energy (NYSE:VLOGet Free Report) last released its earnings results on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.95 by $0.60. The firm had revenue of $35.41 billion during the quarter, compared to analysts’ expectations of $34.76 billion. Valero Energy had a return on equity of 31.86% and a net margin of 6.10%. The firm’s revenue was down 15.2% on a year-over-year basis. During the same quarter last year, the business posted $8.45 earnings per share. As a group, equities analysts predict that Valero Energy Co. will post 14.53 EPS for the current year.

Valero Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 4th. Shareholders of record on Thursday, February 1st will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Wednesday, January 31st. This is a boost from Valero Energy’s previous quarterly dividend of $1.02. Valero Energy’s dividend payout ratio (DPR) is currently 17.31%.

About Valero Energy

(Free Report)

Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending and Conventional Blendstock for Oxygenate Blending gasolines, CARB diesel, diesel, jet fuel, and asphalt; aromatics; and sulfur crude oils.

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

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