Dimensional Fund Advisors LP raised its holdings in shares of Valero Energy Co. (NYSE:VLO) by 0.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,092,959 shares of the oil and gas company’s stock after acquiring an additional 18,290 shares during the period. Dimensional Fund Advisors LP owned approximately 1.25% of Valero Energy worth $288,121,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of VLO. Marshall Wace LLP bought a new stake in shares of Valero Energy during the 1st quarter valued at $90,000. Diversified Trust Co bought a new stake in shares of Valero Energy during the 4th quarter valued at $207,000. Donaldson Capital Management LLC bought a new stake in shares of Valero Energy in the 4th quarter valued at $204,000. Louisiana State Employees Retirement System increased its position in shares of Valero Energy by 22.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 25,300 shares of the oil and gas company’s stock valued at $1,431,000 after buying an additional 4,600 shares in the last quarter. Finally, Founders Capital Management bought a new stake in shares of Valero Energy in the 4th quarter valued at $97,000. Institutional investors own 74.57% of the company’s stock.
A number of research firms recently commented on VLO. Wells Fargo & Company upped their price objective on shares of Valero Energy from $70.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, February 25th. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Monday, April 5th. Royal Bank of Canada upped their target price on shares of Valero Energy from $82.00 to $94.00 and gave the stock an “outperform” rating in a research note on Monday, May 3rd. Mizuho upped their target price on shares of Valero Energy from $50.00 to $86.00 and gave the stock a “buy” rating in a research note on Friday, February 26th. Finally, Citigroup raised their target price on shares of Valero Energy from $70.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, March 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $82.94.
Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Wednesday, April 21st. The oil and gas company reported ($1.73) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.91) by $0.18. The business had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $17.42 billion. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 EPS. Analysts anticipate that Valero Energy Co. will post -3.6 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 8th. Shareholders of record on Monday, May 17th will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend is Friday, May 14th. Valero Energy’s dividend payout ratio is currently 68.77%.
Valero Energy Company Profile
Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company is involved in oil and gas refining, marketing, and bulk selling activities.
Further Reading: Earnings Per Share
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