Valero Energy Corporation $VLO Holdings Decreased by Inceptionr LLC

Inceptionr LLC trimmed its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 54.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 6,180 shares of the oil and gas company’s stock after selling 7,246 shares during the period. Inceptionr LLC’s holdings in Valero Energy were worth $1,052,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Woodline Partners LP boosted its holdings in shares of Valero Energy by 40.7% during the first quarter. Woodline Partners LP now owns 26,747 shares of the oil and gas company’s stock worth $3,532,000 after purchasing an additional 7,735 shares during the period. Sivia Capital Partners LLC increased its stake in Valero Energy by 13.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,929 shares of the oil and gas company’s stock valued at $259,000 after buying an additional 222 shares during the period. Metis Global Partners LLC lifted its position in Valero Energy by 3.7% in the 2nd quarter. Metis Global Partners LLC now owns 22,105 shares of the oil and gas company’s stock worth $2,971,000 after buying an additional 786 shares in the last quarter. Prospera Financial Services Inc lifted its position in Valero Energy by 45.8% in the 2nd quarter. Prospera Financial Services Inc now owns 16,089 shares of the oil and gas company’s stock worth $2,164,000 after buying an additional 5,056 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Valero Energy by 2,190.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 35,692 shares of the oil and gas company’s stock valued at $4,798,000 after acquiring an additional 34,134 shares in the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on VLO shares. Bank of America reaffirmed a “neutral” rating and issued a $195.00 price target (down from $198.00) on shares of Valero Energy in a research note on Thursday, December 11th. Zacks Research downgraded Valero Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Erste Group Bank initiated coverage on Valero Energy in a research report on Monday, November 10th. They issued a “buy” rating on the stock. Barclays lifted their price target on Valero Energy from $169.00 to $184.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Finally, Mizuho reiterated a “neutral” rating and issued a $192.00 target price (up from $190.00) on shares of Valero Energy in a research note on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and a consensus price target of $187.67.

Valero Energy Stock Down 3.9%

Shares of Valero Energy stock opened at $215.96 on Tuesday. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $232.99. The stock has a market capitalization of $64.58 billion, a P/E ratio of 28.27, a PEG ratio of 1.17 and a beta of 0.70. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average price of $192.66 and a two-hundred day moving average price of $175.73.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, January 29th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $0.55. The business had revenue of $30.37 billion during the quarter, compared to the consensus estimate of $28.20 billion. Valero Energy had a net margin of 1.91% and a return on equity of 12.35%. Valero Energy’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. Equities analysts expect that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Thursday, February 5th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $4.80 annualized dividend and a dividend yield of 2.2%. This is a boost from Valero Energy’s previous quarterly dividend of $1.13. Valero Energy’s payout ratio is presently 62.83%.

Valero Energy Company Profile

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.