Wellington Management Group LLP Has $181 Million Position in Valero Energy Corporation $VLO

Wellington Management Group LLP lessened its position in Valero Energy Corporation (NYSE:VLO) by 47.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 694,975 shares of the oil and gas company’s stock after selling 616,249 shares during the period. Wellington Management Group LLP owned about 0.24% of Valero Energy worth $180,999,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Whipplewood Advisors LLC increased its position in Valero Energy by 3,400.0% during the first quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock worth $26,000 after buying an additional 102 shares during the last quarter. Financial Life Planners bought a new stake in Valero Energy in the first quarter valued at approximately $28,000. Valued Wealth Advisors LLC lifted its position in shares of Valero Energy by 134.0% in the first quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 67 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Valero Energy in the first quarter valued at approximately $33,000. Finally, JPL Wealth Management LLC bought a new position in shares of Valero Energy during the 3rd quarter worth approximately $27,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Price Performance

Shares of NYSE VLO opened at $359.97 on Tuesday. The firm has a market cap of $103.65 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 0.23 and a beta of 0.55. The business’s 50 day moving average is $305.88 and its 200-day moving average is $260.60. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 0.37. Valero Energy Corporation has a 1-year low of $150.10 and a 1-year high of $362.79.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 EPS for the quarter, beating analysts’ consensus estimates of $10.11 by $2.43. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%.The firm had revenue of $44.48 billion for the quarter, compared to analyst estimates of $39.47 billion. During the same period in the prior year, the firm posted $2.28 EPS. The company’s revenue for the quarter was up 48.8% on a year-over-year basis. Equities research analysts predict that Valero Energy Corporation will post 40.7 earnings per share for the current year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, July 31st were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, July 31st. Valero Energy’s payout ratio is presently 19.92%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. TD Cowen boosted their target price on Valero Energy from $338.00 to $350.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. Raymond James Financial lifted their price objective on shares of Valero Energy from $300.00 to $340.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 13th. Morgan Stanley upped their price objective on shares of Valero Energy from $232.00 to $255.00 and gave the company an “equal weight” rating in a report on Friday, June 12th. The Goldman Sachs Group increased their price objective on shares of Valero Energy from $286.00 to $357.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, Citigroup raised their target price on shares of Valero Energy from $259.00 to $302.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $288.00.

Insider Activity at Valero Energy

In related news, SVP Eric A. Fisher sold 7,500 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $268.17, for a total value of $2,011,275.00. Following the transaction, the senior vice president directly owned 19,742 shares in the company, valued at approximately $5,294,212.14. This represents a 27.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.36% of the company’s stock.

Valero Energy Company Profile

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.