First Midwest Bank Trust Division decreased its holdings in shares of Valero Energy Co. (NYSE:VLO) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,475 shares of the oil and gas company’s stock after selling 1,745 shares during the quarter. First Midwest Bank Trust Division’s holdings in Valero Energy were worth $4,664,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in VLO. Thrivent Financial for Lutherans increased its stake in shares of Valero Energy by 1.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 18,834 shares of the oil and gas company’s stock worth $1,412,000 after acquiring an additional 332 shares during the period. Macquarie Group Ltd. increased its stake in shares of Valero Energy by 519.6% during the fourth quarter. Macquarie Group Ltd. now owns 168,781 shares of the oil and gas company’s stock worth $12,654,000 after acquiring an additional 141,541 shares during the period. Millennium Management LLC increased its stake in shares of Valero Energy by 125.1% during the fourth quarter. Millennium Management LLC now owns 22,233 shares of the oil and gas company’s stock worth $1,667,000 after acquiring an additional 110,674 shares during the period. Global Retirement Partners LLC increased its stake in shares of Valero Energy by 51.9% during the fourth quarter. Global Retirement Partners LLC now owns 966 shares of the oil and gas company’s stock worth $72,000 after acquiring an additional 330 shares during the period. Finally, Aspire Private Capital LLC acquired a new position in shares of Valero Energy during the fourth quarter worth about $38,000. 77.13% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on VLO shares. Wells Fargo & Co set a $107.00 price target on shares of Valero Energy and gave the stock a “buy” rating in a research note on Friday. ValuEngine upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Goldman Sachs Group upgraded shares of Exelon from a “neutral” rating to a “buy” rating and upped their target price for the stock from $48.00 to $52.00 in a research report on Thursday, June 6th. Morgan Stanley lowered their target price on shares of Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. Finally, JPMorgan Chase & Co. set a €20.00 ($23.26) target price on shares of STMicroelectronics and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $105.47.
Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.14. Valero Energy had a net margin of 2.27% and a return on equity of 11.23%. The company had revenue of $28.93 billion for the quarter, compared to analyst estimates of $25.45 billion. During the same period in the prior year, the business posted $2.15 earnings per share. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, sell-side analysts predict that Valero Energy Co. will post 5.31 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 6th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend is Monday, August 5th. Valero Energy’s dividend payout ratio (DPR) is presently 48.85%.
About Valero Energy
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.
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