Achmea Investment Management B.V. trimmed its holdings in shares of Valero Energy Co. (NYSE:VLO) by 29.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,666 shares of the oil and gas company’s stock after selling 48,142 shares during the period. Achmea Investment Management B.V.’s holdings in Valero Energy were worth $13,267,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Unigestion Holding SA lifted its position in shares of Valero Energy by 4.1% during the third quarter. Unigestion Holding SA now owns 106,910 shares of the oil and gas company’s stock worth $12,161,000 after purchasing an additional 4,179 shares in the last quarter. Global Financial Private Capital LLC lifted its position in shares of Valero Energy by 25.9% during the third quarter. Global Financial Private Capital LLC now owns 44,892 shares of the oil and gas company’s stock worth $5,106,000 after purchasing an additional 9,221 shares in the last quarter. Capital Innovations LLC acquired a new position in shares of Valero Energy during the third quarter worth $203,000. Park Avenue Securities LLC acquired a new position in shares of Valero Energy during the third quarter worth $522,000. Finally, IFG Advisory LLC acquired a new position in shares of Valero Energy during the third quarter worth $278,000. 78.12% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:VLO opened at $88.70 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.67 and a quick ratio of 1.10. The firm has a market capitalization of $39.01 billion, a P/E ratio of 17.88, a P/E/G ratio of 0.75 and a beta of 1.15. Valero Energy Co. has a 12-month low of $80.00 and a 12-month high of $126.98.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Tuesday, November 20th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, November 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.61%. Valero Energy’s dividend payout ratio (DPR) is presently 64.52%.
A number of research analysts have recently commented on the stock. ValuEngine cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Citigroup reduced their target price on shares of Valero Energy from $134.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, October 16th. JPMorgan Chase & Co. boosted their target price on shares of Valero Energy from $128.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. Morgan Stanley reduced their target price 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. Finally, Mizuho assumed coverage on shares of Valero Energy in a research report on Wednesday, August 1st. They set a “neutral” rating and a $125.00 target price on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $115.82.
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Valero Energy Company Profile
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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