Lingohr Asset Management GmbH Sells 111 Shares of Valero Energy Co. (NYSE:VLO)

Lingohr Asset Management GmbH cut its position in shares of Valero Energy Co. (NYSE:VLO) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,911 shares of the oil and gas company’s stock after selling 111 shares during the quarter. Lingohr Asset Management GmbH’s holdings in Valero Energy were worth $663,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in VLO. EdgeRock Capital LLC purchased a new stake in Valero Energy during the second quarter valued at about $27,000. Peterson Financial Group Inc. bought a new position in Valero Energy during the 3rd quarter valued at approximately $28,000. Lynx Investment Advisory bought a new position in shares of Valero Energy during the second quarter valued at approximately $29,000. Summit Securities Group LLC purchased a new stake in Valero Energy in the second quarter worth $31,000. Finally, Pathway Financial Advisers LLC bought a new stake in Valero Energy in the first quarter valued at $33,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Price Performance

NYSE VLO opened at $144.01 on Tuesday. Valero Energy Co. has a one year low of $120.21 and a one year high of $184.79. The stock has a 50-day moving average of $136.03 and a 200 day moving average of $146.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The company has a market capitalization of $45.59 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 2.57 and a beta of 1.39.

Valero Energy (NYSE:VLO) last announced 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 firm had revenue of $32.88 billion during the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same period in the previous year, the business posted $7.49 earnings per share. On average, sell-side analysts forecast that Valero Energy Co. will post 9.1 EPS 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 annualized dividend and a dividend yield of 2.97%. Valero Energy’s payout ratio is 38.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. TD Cowen dropped their target price on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Barclays reduced their target price on Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. JPMorgan Chase & Co. dropped their target price on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Bank of America started coverage on shares of Valero Energy in a research report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price target for the company. Finally, Mizuho cut their price objective on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.