Valero Energy Co. (NYSE:VLO) Shares Bought by Concord Asset Management LLC VA

Concord Asset Management LLC VA raised its position in Valero Energy Co. (NYSE:VLO) by 5.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,930 shares of the oil and gas company’s stock after acquiring an additional 157 shares during the period. Concord Asset Management LLC VA’s holdings in Valero Energy were worth $396,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in VLO. International Assets Investment Management LLC lifted its stake in shares of Valero Energy by 11,318.9% in the 3rd quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company’s stock worth $145,339,000 after acquiring an additional 1,066,923 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Valero Energy by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock worth $677,007,000 after acquiring an additional 237,347 shares during the period. AQR Capital Management LLC increased its holdings in shares of Valero Energy by 17.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,550,010 shares of the oil and gas company’s stock valued at $238,841,000 after purchasing an additional 232,494 shares in the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of Valero Energy in the 1st quarter valued at about $39,517,000. Finally, Hsbc Holdings PLC increased its holdings in shares of Valero Energy by 20.5% in the 2nd quarter. Hsbc Holdings PLC now owns 1,145,117 shares of the oil and gas company’s stock valued at $179,490,000 after purchasing an additional 194,974 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Performance

Shares of NYSE VLO opened at $140.16 on Friday. The company has a market cap of $44.37 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 2.57 and a beta of 1.39. Valero Energy Co. has a 12 month low of $120.21 and a 12 month high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The company has a 50-day simple moving average of $135.83 and a 200-day simple moving average of $146.42.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The business had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The company’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.49 earnings per share. On average, equities analysts anticipate that Valero Energy Co. will post 9.1 earnings per share for the current year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.05%. Valero Energy’s dividend payout ratio (DPR) is presently 38.39%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on VLO shares. Barclays cut their price target on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Scotiabank cut their price target on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. JPMorgan Chase & Co. cut their price target on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. The Goldman Sachs Group cut their price target on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a report on Monday, September 16th. Finally, TD Cowen cut their price target on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $155.86.

Valero Energy Profile

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.