Valero Energy Corporation $VLO Position Raised by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP raised its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 69,727.3% in the third quarter, Holdings Channel.com reports. The firm owned 7,681 shares of the oil and gas company’s stock after purchasing an additional 7,670 shares during the period. Fulcrum Asset Management LLP’s holdings in Valero Energy were worth $2,978,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Cornerstone Financial Management LLC boosted its position in shares of Valero Energy by 57.6% in the 2nd quarter. Cornerstone Financial Management LLC now owns 104 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 38 shares in the last quarter. Balance Wealth Partners LLC bought a new position in Valero Energy during the 3rd quarter valued at approximately $32,000. Global Assets Advisory LLC bought a new position in Valero Energy during the 1st quarter valued at approximately $33,000. Latitude Advisors LLC bought a new position in Valero Energy during the 3rd quarter valued at approximately $34,000. Finally, Mascoma Wealth Management LLC raised its stake in Valero Energy by 1,980.0% during the third quarter. Mascoma Wealth Management LLC now owns 104 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 99 shares during the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Stock Up 2.9%

VLO stock opened at $356.64 on Tuesday. The stock has a market capitalization of $102.69 billion, a P/E ratio of 8.21, a P/E/G ratio of 0.19 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.72 and a quick ratio of 1.33. Valero Energy Corporation has a 1-year low of $159.90 and a 1-year high of $461.52. The business has a fifty day moving average price of $399.69 and a 200-day moving average price of $290.45.

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

Valero Energy Dividend Announcement

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

Analyst Ratings Changes

VLO has been the topic of several analyst reports. Bank of America boosted their target price on Valero Energy from $395.00 to $414.00 and gave the stock a “neutral” rating in a report on Friday, October 2nd. Freedom Broker cut shares of Valero Energy from a “hold” rating to a “sell” rating and set a $276.00 price target on the stock. in a research note on Friday, October 23rd. TD Cowen increased their price objective on shares of Valero Energy from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Thursday, October 22nd. Weiss Ratings raised shares of Valero Energy from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, October 29th. Finally, The Goldman Sachs Group increased their price target on shares of Valero Energy from $457.00 to $496.00 and gave the company a “buy” rating in a report on Friday, October 9th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.