2,756 Valero Energy Corporation $VLO Shares Sold by United Capital Management of KS Inc.

United Capital Management of KS Inc. lowered its stake in shares of Valero Energy Corporation (NYSE:VLO) by 3.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 80,765 shares of the oil and gas company’s stock after selling 2,756 shares during the period. Valero Energy comprises about 4.1% of United Capital Management of KS Inc.’s portfolio, making the stock its 3rd largest holding. United Capital Management of KS Inc.’s holdings in Valero Energy were worth $31,305,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of VLO. Bank of America Corp DE grew its holdings in Valero Energy by 11.4% during the first quarter. Bank of America Corp DE now owns 5,033,310 shares of the oil and gas company’s stock worth $1,243,630,000 after acquiring an additional 516,975 shares during the period. Bank of New York Mellon Corp lifted its holdings in Valero Energy by 9.4% in the first quarter. Bank of New York Mellon Corp now owns 2,969,320 shares of the oil and gas company’s stock valued at $733,660,000 after acquiring an additional 254,604 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Valero Energy by 18.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,842,339 shares of the oil and gas company’s stock worth $702,285,000 after purchasing an additional 442,177 shares in the last quarter. Amundi boosted its position in Valero Energy by 45.3% in the 1st quarter. Amundi now owns 2,584,976 shares of the oil and gas company’s stock worth $638,695,000 after purchasing an additional 806,018 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Valero Energy by 33.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,058,341 shares of the oil and gas company’s stock worth $536,074,000 after purchasing an additional 520,642 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Up 2.9%

Shares of VLO opened at $356.64 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.32. Valero Energy Corporation has a 12 month low of $159.90 and a 12 month high of $461.52. The stock’s 50 day moving average is $399.69 and its two-hundred day moving average is $290.45. The firm has a market cap of $102.69 billion, a P/E ratio of 8.02, a PEG ratio of 0.19 and a beta of 0.58.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 22nd. The oil and gas company reported $23.90 EPS for the quarter, beating analysts’ consensus estimates of $21.17 by $2.73. The business had revenue of $46.10 billion during the quarter, compared to analysts’ expectations of $42.71 billion. Valero Energy had a return on equity of 45.90% and a net margin of 8.44%. The business’s revenue was up 43.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.66 earnings per share. Analysts predict that Valero Energy Corporation will post 57.83 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Tuesday, November 24th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, November 24th. This represents a $4.80 dividend on an annualized basis and a yield of 1.3%. Valero Energy’s dividend payout ratio (DPR) is currently 10.80%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VLO. Mizuho lifted their target price on shares of Valero Energy from $434.00 to $436.00 and gave the company a “neutral” rating in a report on Monday, November 2nd. Dbs Bank cut shares of Valero Energy to a “hold” rating and set a $436.00 target price for the company. in a research note on Monday, October 19th. Morgan Stanley increased their price target on shares of Valero Energy from $411.00 to $420.00 and gave the stock an “equal weight” rating in a report on Monday, November 2nd. Zacks Research upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Finally, Jefferies Financial Group cut their price objective on shares of Valero Energy from $401.00 to $394.00 and set a “hold” rating for the company in a report on Thursday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $406.32.

Valero Energy Company Profile

Valero Energy Corporation is an international refiner and producer of transportation fuels and other petroleum products, headquartered in San Antonio, Texas. Its refining business processes crude oil and other feedstocks into products such as gasoline, diesel, jet fuel, asphalt and petrochemical feedstocks.

The company markets and distributes fuels to wholesale customers and through branded distribution networks. Its refining operations span the United States, Canada and the United Kingdom, with products serving customers in North America and other markets.

Valero also produces renewable fuels, including ethanol and renewable diesel.