Valero Energy Co. (VLO) Shares Sold by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can trimmed its position in shares of Valero Energy Co. (NYSE:VLO) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,189,057 shares of the oil and gas company’s stock after selling 69,372 shares during the period. Great West Life Assurance Co. Can owned 0.28% of Valero Energy worth $135,436,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Valero Energy by 71.1% during the 2nd quarter. FMR LLC now owns 16,436,742 shares of the oil and gas company’s stock valued at $1,821,684,000 after acquiring an additional 6,831,581 shares in the last quarter. Putnam Investments LLC grew its holdings in shares of Valero Energy by 1.0% during the 2nd quarter. Putnam Investments LLC now owns 2,830,876 shares of the oil and gas company’s stock valued at $313,746,000 after acquiring an additional 29,161 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Valero Energy by 47.4% during the 3rd quarter. Janus Henderson Group PLC now owns 2,590,296 shares of the oil and gas company’s stock valued at $294,647,000 after acquiring an additional 832,413 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Valero Energy by 11.9% during the 3rd quarter. Prudential Financial Inc. now owns 2,218,635 shares of the oil and gas company’s stock valued at $252,370,000 after acquiring an additional 236,700 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Valero Energy by 86.3% during the 3rd quarter. Alliancebernstein L.P. now owns 2,119,846 shares of the oil and gas company’s stock valued at $241,132,000 after acquiring an additional 982,198 shares in the last quarter. Hedge funds and other institutional investors own 77.72% of the company’s stock.

VLO has been the topic of several research analyst reports. Morgan Stanley set a $145.00 price target on shares of Valero Energy and gave the company a “buy” rating in a report on Friday, October 12th. ValuEngine cut shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Goldman Sachs Group lowered shares of Valero Energy from a “neutral” rating to a “sell” rating in a research note on Friday, October 19th. Tudor Pickering lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Finally, Citigroup reduced their price objective on shares of Valero Energy from $132.00 to $122.00 and set a “buy” rating for the company in a research note on Thursday, November 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $117.80.

VLO stock opened at $77.03 on Monday. The firm has a market capitalization of $32.68 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 0.65 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.59 and a quick ratio of 0.99. Valero Energy Co. has a 1 year low of $77.00 and a 1 year high of $126.98.

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

The company also recently announced 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 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date is Monday, November 19th. Valero Energy’s dividend payout ratio is 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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