Valero Energy Co. (VLO) Shares Sold by Korea Investment CORP

Korea Investment CORP lessened its stake in Valero Energy Co. (NYSE:VLO) by 10.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 602,588 shares of the oil and gas company’s stock after selling 71,994 shares during the quarter. Korea Investment CORP owned 0.14% of Valero Energy worth $68,544,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in Valero Energy by 71.1% during the second quarter. FMR LLC now owns 16,436,742 shares of the oil and gas company’s stock worth $1,821,684,000 after purchasing an additional 6,831,581 shares during the last quarter. Putnam Investments LLC boosted its holdings in Valero Energy by 1.0% during the second quarter. Putnam Investments LLC now owns 2,830,876 shares of the oil and gas company’s stock worth $313,746,000 after purchasing an additional 29,161 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Valero Energy by 47.4% during the third quarter. Janus Henderson Group PLC now owns 2,590,296 shares of the oil and gas company’s stock worth $294,647,000 after purchasing an additional 832,413 shares during the last quarter. Prudential Financial Inc. boosted its holdings in Valero Energy by 11.9% during the third quarter. Prudential Financial Inc. now owns 2,218,635 shares of the oil and gas company’s stock worth $252,370,000 after purchasing an additional 236,700 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Valero Energy by 86.3% during the third quarter. Alliancebernstein L.P. now owns 2,119,846 shares of the oil and gas company’s stock worth $241,132,000 after purchasing an additional 982,198 shares during the last quarter. Institutional investors own 77.72% of the company’s stock.

Several research analysts recently commented on the stock. Morgan Stanley reduced their target price on shares of Valero Energy from $135.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, November 20th. ValuEngine cut shares of Valero Energy from a “buy” rating to a “hold” rating in a 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 for the company in a report on Tuesday, October 16th. Mizuho assumed coverage on shares of Valero Energy in a report on Wednesday, August 1st. They set a “neutral” rating and a $125.00 target price for the company. Finally, Raymond James reduced their target price on shares of Valero Energy from $141.00 to $117.00 and set an “outperform” rating for the company in a report on Friday, October 26th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $117.80.

NYSE VLO opened at $77.03 on Friday. 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 1 year low of $77.00 and a 1 year high of $126.98. The firm has a market cap of $32.68 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 0.65 and a beta of 1.15.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 25th. The oil and gas company reported $2.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.95 by $0.06. Valero Energy had a net margin of 3.96% and a return on equity of 11.90%. The firm had revenue of $30.85 billion for the quarter, compared to analyst estimates of $31.82 billion. Equities research analysts anticipate that Valero Energy Co. will post 6.3 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Tuesday, November 20th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Monday, November 19th. Valero Energy’s dividend payout ratio (DPR) is currently 64.52%.

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

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