Systematic Financial Management LP Decreases Stake in Valero Energy Co. (NYSE:VLO)

Systematic Financial Management LP reduced its position in Valero Energy Co. (NYSE:VLO) by 16.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,115 shares of the oil and gas company’s stock after selling 2,503 shares during the period. Systematic Financial Management LP’s holdings in Valero Energy were worth $1,123,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of VLO. Thoroughbred Financial Services LLC lifted its position in shares of Valero Energy by 8,873.5% in the second quarter. Thoroughbred Financial Services LLC now owns 1,347,276 shares of the oil and gas company’s stock worth $134,728,000 after buying an additional 1,332,262 shares in the last quarter. Scout Investments Inc. purchased a new stake in shares of Valero Energy in the first quarter worth about $60,786,000. Carillon Tower Advisers Inc. purchased a new stake in shares of Valero Energy in the first quarter worth about $40,981,000. Impala Asset Management LLC purchased a new stake in shares of Valero Energy in the first quarter worth about $31,956,000. Finally, Amundi Pioneer Asset Management Inc. lifted its position in shares of Valero Energy by 12.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 3,260,595 shares of the oil and gas company’s stock worth $276,595,000 after buying an additional 353,355 shares in the last quarter. Institutional investors own 77.21% of the company’s stock.

Shares of NYSE VLO traded up $0.09 during midday trading on Friday, hitting $78.85. The company’s stock had a trading volume of 3,311,129 shares, compared to its average volume of 3,086,082. The company has a current ratio of 1.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average price is $82.83. Valero Energy Co. has a 12-month low of $68.81 and a 12-month high of $122.42. The firm has a market capitalization of $31.63 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 1.78 and a beta of 1.48.

Valero Energy (NYSE:VLO) last issued its quarterly 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 return on equity of 11.31% and a net margin of 2.27%. The firm had revenue of $28.93 billion for the quarter, compared to the consensus estimate of $25.45 billion. During the same period in the prior year, the business posted $2.15 earnings per share. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. As a group, research analysts expect that Valero Energy Co. will post 5.34 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 6th will be issued a $0.90 dividend. The ex-dividend date is Monday, August 5th. This represents a $3.60 annualized dividend and a dividend yield of 4.57%. Valero Energy’s payout ratio is 48.85%.

A number of equities research analysts recently commented on VLO shares. Royal Bank of Canada set a $98.00 target price on Valero Energy and gave the stock a “buy” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. upgraded Valero Energy from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $102.00 to $105.00 in a research report on Tuesday, May 14th. ValuEngine downgraded Valero Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Raymond James upped their price objective on Valero Energy from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Goldman Sachs Group upgraded Valero Energy from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $96.00 to $92.00 in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $105.47.

Valero Energy Company Profile

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

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