Boston Partners Has $112.25 Million Stake in Valero Energy Co. (NYSE:VLO)

Boston Partners lowered its holdings in Valero Energy Co. (NYSE:VLO) by 30.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 956,707 shares of the oil and gas company’s stock after selling 427,262 shares during the quarter. Boston Partners owned about 0.27% of Valero Energy worth $112,246,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Shelton Wealth Management LLC increased its stake in shares of Valero Energy by 3.6% in the 2nd quarter. Shelton Wealth Management LLC now owns 2,279 shares of the oil and gas company’s stock valued at $267,000 after buying an additional 79 shares during the period. Grove Bank & Trust boosted its holdings in Valero Energy by 3.0% in the second quarter. Grove Bank & Trust now owns 2,778 shares of the oil and gas company’s stock valued at $326,000 after acquiring an additional 82 shares during the last quarter. WealthPLAN Partners LLC raised its holdings in Valero Energy by 11.0% during the 2nd quarter. WealthPLAN Partners LLC now owns 858 shares of the oil and gas company’s stock worth $101,000 after purchasing an additional 85 shares during the last quarter. Forum Financial Management LP lifted its position in Valero Energy by 1.4% during the 2nd quarter. Forum Financial Management LP now owns 6,270 shares of the oil and gas company’s stock valued at $735,000 after purchasing an additional 86 shares during the period. Finally, Peddock Capital Advisors LLC boosted its stake in shares of Valero Energy by 0.9% in the 2nd quarter. Peddock Capital Advisors LLC now owns 9,746 shares of the oil and gas company’s stock valued at $1,143,000 after purchasing an additional 87 shares during the last quarter. Institutional investors own 77.07% of the company’s stock.

Valero Energy Stock Up 1.8 %

Shares of Valero Energy stock opened at $124.11 on Friday. Valero Energy Co. has a 52-week low of $104.18 and a 52-week high of $152.20. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.08 and a current ratio of 1.51. The business’s 50 day simple moving average is $132.53 and its 200 day simple moving average is $124.09. The firm has a market cap of $42.25 billion, a PE ratio of 4.23, a P/E/G ratio of 0.82 and a beta of 1.57.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $7.49 EPS for the quarter, topping analysts’ consensus estimates of $7.36 by $0.13. The business had revenue of $38.40 billion for the quarter, compared to analyst estimates of $38.46 billion. Valero Energy had a net margin of 7.11% and a return on equity of 39.97%. The firm’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.14 earnings per share. On average, analysts predict that Valero Energy Co. will post 24.91 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, November 17th will be issued a dividend of $1.02 per share. The ex-dividend date is Thursday, November 16th. This represents a $4.08 annualized dividend and a yield of 3.29%. Valero Energy’s payout ratio is presently 13.91%.

Analysts Set New Price Targets

A number of brokerages recently commented on VLO. Tudor, Pickering, Holt & Co. cut Valero Energy from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $150.00 to $130.00 in a research note on Monday, October 30th. Raymond James lowered their price target on Valero Energy from $156.00 to $154.00 and set a “strong-buy” rating for the company in a research note on Friday, October 27th. Mizuho reduced their price objective on shares of Valero Energy from $174.00 to $159.00 and set a “buy” rating on the stock in a research note on Friday, October 6th. Piper Sandler upped their target price on shares of Valero Energy from $168.00 to $171.00 and gave the company an “overweight” rating in a research note on Tuesday, October 3rd. Finally, StockNews.com began coverage on shares of Valero Energy in a report on Thursday, October 5th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $153.64.

Valero Energy Company Profile

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.