Cresset Asset Management LLC Buys 2,991 Shares of Valero Energy Corporation $VLO

Cresset Asset Management LLC raised its position in Valero Energy Corporation (NYSE:VLOFree Report) by 6.8% during the third quarter, Holdings Channel reports. The firm owned 46,963 shares of the oil and gas company’s stock after purchasing an additional 2,991 shares during the period. Cresset Asset Management LLC’s holdings in Valero Energy were worth $7,996,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of VLO. Waddell & Associates LLC raised its stake in Valero Energy by 2.8% during the third quarter. Waddell & Associates LLC now owns 2,040 shares of the oil and gas company’s stock worth $347,000 after buying an additional 56 shares during the last quarter. DSG Capital Advisors LLC grew its holdings in Valero Energy by 1.6% during the 3rd quarter. DSG Capital Advisors LLC now owns 3,803 shares of the oil and gas company’s stock worth $647,000 after acquiring an additional 60 shares during the period. Cypress Capital Group raised its position in shares of Valero Energy by 0.3% in the 3rd quarter. Cypress Capital Group now owns 18,786 shares of the oil and gas company’s stock worth $3,199,000 after acquiring an additional 63 shares in the last quarter. Private Trust Co. NA lifted its stake in shares of Valero Energy by 2.0% in the 3rd quarter. Private Trust Co. NA now owns 3,381 shares of the oil and gas company’s stock valued at $576,000 after purchasing an additional 65 shares during the period. Finally, Becker Capital Management Inc. lifted its stake in shares of Valero Energy by 0.6% in the 3rd quarter. Becker Capital Management Inc. now owns 11,837 shares of the oil and gas company’s stock valued at $2,015,000 after purchasing an additional 65 shares during the period. 78.69% of the stock is owned by institutional investors.

Valero Energy Stock Performance

Shares of VLO stock opened at $227.75 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $190.43 and a two-hundred day simple moving average of $174.09. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $232.99. The firm has a market capitalization of $69.47 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 1.17 and a beta of 0.70.

Valero Energy (NYSE:VLOGet Free Report) last released its quarterly earnings results on Thursday, January 29th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $0.55. Valero Energy had a return on equity of 12.35% and a net margin of 1.91%.Valero Energy’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 earnings per share. Analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Thursday, February 5th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.1%. This is an increase from Valero Energy’s previous quarterly dividend of $1.13. The ex-dividend date is Thursday, February 5th. Valero Energy’s dividend payout ratio is currently 62.83%.

Analyst Ratings Changes

VLO has been the subject of several recent analyst reports. UBS Group reaffirmed a “buy” rating on shares of Valero Energy in a research note on Tuesday, January 6th. Citigroup raised their price objective on shares of Valero Energy from $190.00 to $212.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Wall Street Zen upgraded shares of Valero Energy from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Barclays raised their price target on shares of Valero Energy from $169.00 to $184.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Finally, Zacks Research lowered shares of Valero Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. One equities research 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $187.67.

Read Our Latest Research Report on Valero Energy

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About Valero Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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