Valero Energy Corp. (VLO) Position Decreased by Swiss National Bank
Swiss National Bank lowered its stake in Valero Energy Corp. (NYSE:VLO) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,302,548 shares of the company’s stock after selling 15,900 shares during the period. Swiss National Bank’s holdings in Valero Energy Corp. were worth $69,035,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Security National Trust Co. boosted its position in Valero Energy Corp. by 4.8% in the second quarter. Security National Trust Co. now owns 2,347 shares of the company’s stock valued at $119,000 after buying an additional 107 shares in the last quarter. Amica Retiree Medical Trust purchased a new position in Valero Energy Corp. during the second quarter valued at about $137,000. Oakworth Capital Inc. boosted its position in Valero Energy Corp. by 3.3% in the third quarter. Oakworth Capital Inc. now owns 2,684 shares of the company’s stock valued at $142,000 after buying an additional 85 shares in the last quarter. Point72 Asia Hong Kong Ltd boosted its position in Valero Energy Corp. by 554.3% in the second quarter. Point72 Asia Hong Kong Ltd now owns 2,951 shares of the company’s stock valued at $151,000 after buying an additional 2,500 shares in the last quarter. Finally, Sandy Spring Bank boosted its position in Valero Energy Corp. by 33.2% in the second quarter. Sandy Spring Bank now owns 2,967 shares of the company’s stock valued at $152,000 after buying an additional 740 shares in the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.
Valero Energy Corp. (NYSE:VLO) opened at 63.77 on Wednesday. Valero Energy Corp. has a 52 week low of $46.88 and a 52 week high of $73.70. The stock has a market cap of $28.87 billion, a P/E ratio of 13.52 and a beta of 1.45. The stock has a 50 day moving average of $59.28 and a 200-day moving average of $54.96.
Valero Energy Corp. (NYSE:VLO) last released its earnings results on Tuesday, October 25th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.31. The business had revenue of $19.65 billion for the quarter, compared to the consensus estimate of $19.49 billion. Valero Energy Corp. had a net margin of 3.01% and a return on equity of 10.40%. The firm’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same period last year, the firm posted $2.79 earnings per share. Analysts forecast that Valero Energy Corp. will post $3.71 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Tuesday, November 22nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Friday, November 18th. Valero Energy Corp.’s dividend payout ratio (DPR) is currently 50.74%.
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VLO has been the topic of several recent analyst reports. Vetr lowered shares of Valero Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $60.89 target price on the stock. in a research report on Monday, August 15th. Jefferies Group initiated coverage on shares of Valero Energy Corp. in a research report on Tuesday, August 23rd. They set a “buy” rating and a $66.00 target price on the stock. Citigroup Inc. upped their target price on shares of Valero Energy Corp. from $58.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday, October 19th. TheStreet upgraded shares of Valero Energy Corp. from a “hold” rating to a “buy” rating in a research report on Monday, November 14th. Finally, Tudor Pickering upgraded shares of Valero Energy Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, November 16th. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $68.91.
Valero Energy Corp. Company Profile
Valero Energy Corporation (Valero), through Valero Energy Partners LP (VLP), owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company operates in two segments: refining and ethanol. Its refining segment includes refining and marketing operations in the United States, Canada, the United Kingdom, Aruba and Ireland.
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