Valero Energy Corporation $VLO Shares Sold by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. decreased its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 21.7% in the third quarter, Holdings Channel reports. The firm owned 146,568 shares of the oil and gas company’s stock after selling 40,575 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in Valero Energy were worth $56,821,000 at the end of the most recent reporting period.

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

Valero Energy Stock Performance

NYSE VLO opened at $374.96 on Friday. Valero Energy Corporation has a 1-year low of $159.90 and a 1-year high of $461.52. The company has a 50 day moving average of $399.72 and a 200-day moving average of $293.11. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.32. The firm has a market cap of $104.57 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 0.19 and a beta of 0.58.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, October 22nd. The oil and gas company reported $23.90 EPS for the quarter, topping the consensus estimate of $21.17 by $2.73. The business had revenue of $46.10 billion for the quarter, compared to the consensus estimate of $42.71 billion. Valero Energy had a return on equity of 45.90% and a net margin of 8.44%. Valero Energy’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 EPS. On average, equities analysts forecast that Valero Energy Corporation will post 58.33 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Tuesday, November 24th will be given a $1.20 dividend. The ex-dividend date is Tuesday, November 24th. This represents a $4.80 annualized dividend and a yield of 1.3%. Valero Energy’s payout ratio is presently 10.80%.

Wall Street Analyst Weigh In

Several analysts recently commented on VLO shares. Jefferies Financial Group decreased their price target on Valero Energy from $401.00 to $394.00 and set a “hold” rating on the stock in a research note on Thursday, October 8th. Evercore dropped their price objective on Valero Energy from $385.00 to $325.00 in a research note on Wednesday, October 28th. Bank of America lifted their price objective on Valero Energy from $395.00 to $414.00 and gave the company a “neutral” rating in a report on Friday, October 2nd. Morgan Stanley boosted their target price on shares of Valero Energy from $411.00 to $420.00 and gave the company an “equal weight” rating in a research note on Monday, November 2nd. Finally, Zacks Research raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.