62,155 Shares in Valero Energy Corporation (VLO) Acquired by OxFORD Asset Management LLP
OxFORD Asset Management LLP acquired a new stake in shares of Valero Energy Corporation (NYSE:VLO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 62,155 shares of the oil and gas company’s stock, valued at approximately $4,782,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC raised its stake in shares of Valero Energy by 146.1% during the 2nd quarter. FMR LLC now owns 2,224,590 shares of the oil and gas company’s stock worth $150,071,000 after buying an additional 1,320,524 shares in the last quarter. Harbour Capital Advisors LLC raised its stake in shares of Valero Energy by 6,236.6% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,226,760 shares of the oil and gas company’s stock worth $18,185,000 after buying an additional 1,207,400 shares in the last quarter. BlackRock Inc. raised its stake in shares of Valero Energy by 2.8% during the 2nd quarter. BlackRock Inc. now owns 39,298,010 shares of the oil and gas company’s stock worth $2,651,044,000 after buying an additional 1,080,617 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Valero Energy by 1,780.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,127,141 shares of the oil and gas company’s stock worth $76,039,000 after buying an additional 1,067,201 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Valero Energy by 88.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,138,646 shares of the oil and gas company’s stock worth $144,273,000 after buying an additional 1,005,206 shares in the last quarter. 81.81% of the stock is owned by hedge funds and other institutional investors.
Shares of Valero Energy Corporation (NYSE:VLO) traded up $2.15 during trading on Wednesday, hitting $85.78. The company’s stock had a trading volume of 4,197,300 shares, compared to its average volume of 4,049,917. Valero Energy Corporation has a one year low of $60.69 and a one year high of $86.42. The stock has a market cap of $36,594.90, a price-to-earnings ratio of 18.06, a PEG ratio of 1.73 and a beta of 1.20. The company has a current ratio of 1.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.39.
Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.08. The business had revenue of $23.56 billion for the quarter, compared to analyst estimates of $19.42 billion. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The business’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period last year, the company posted $1.24 EPS. analysts forecast that Valero Energy Corporation will post 4.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Monday, November 20th. Valero Energy’s dividend payout ratio (DPR) is currently 60.48%.
In related news, CFO Michael S. Ciskowski sold 53,012 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total value of $3,863,514.56. Following the transaction, the chief financial officer now directly owns 67,413 shares of the company’s stock, valued at approximately $4,913,059.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen M. Waters sold 656 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $75.86, for a total value of $49,764.16. The disclosure for this sale can be found here. Insiders sold a total of 56,768 shares of company stock worth $4,161,601 over the last ninety days. Corporate insiders own 0.45% of the company’s stock.
VLO has been the topic of a number of research reports. Zacks Investment Research upgraded Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a report on Monday, October 16th. ValuEngine upgraded Valero Energy from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Royal Bank Of Canada restated a “buy” rating and issued a $77.00 price target on shares of Valero Energy in a report on Thursday, August 31st. Jefferies Group lowered their price target on Valero Energy from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, August 23rd. Finally, Citigroup upped their price target on Valero Energy from $68.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $79.28.
Valero Energy Profile
Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.
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