Valero Energy Corporation $VLO Shares Sold by Inscription Capital LLC

Inscription Capital LLC lessened its position in Valero Energy Corporation (NYSE:VLO – Free Report) by 15.5% in the third quarter, HoldingsChannel reports. The firm owned 8,771 shares of the oil and gas company’s stock after selling 1,613 shares during the quarter. Inscription Capital LLC’s holdings in Valero Energy were worth $3,400,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE grew its stake in Valero Energy by 11.4% in the first quarter. Bank of America Corp DE now owns 5,033,310 shares of the oil and gas company’s stock worth $1,243,630,000 after purchasing an additional 516,975 shares during the period. Bank of New York Mellon Corp raised its holdings in Valero Energy by 9.4% in the first quarter. Bank of New York Mellon Corp now owns 2,969,320 shares of the oil and gas company’s stock worth $733,660,000 after purchasing an additional 254,604 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Valero Energy by 18.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,842,339 shares of the oil and gas company’s stock worth $702,285,000 after purchasing an additional 442,177 shares in the last quarter. Amundi raised its holdings in Valero Energy by 45.3% in the first quarter. Amundi now owns 2,584,976 shares of the oil and gas company’s stock worth $638,695,000 after purchasing an additional 806,018 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Valero Energy by 33.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,058,341 shares of the oil and gas company’s stock valued at $536,074,000 after buying an additional 520,642 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on VLO shares. Mizuho upped their target price on shares of Valero Energy from $434.00 to $436.00 and gave the stock a “neutral” rating in a research report on Monday. Citigroup increased their price target on shares of Valero Energy from $485.00 to $490.00 and gave the stock a “neutral” rating in a research note on Friday, October 23rd. Freedom Broker cut shares of Valero Energy from a “hold” rating to a “sell” rating and set a $276.00 price target for the company. in a research report on Friday, October 23rd. Raymond James Financial lifted their price target on shares of Valero Energy from $450.00 to $530.00 in a research report on Monday, October 19th. Finally, Weiss Ratings raised shares of Valero Energy from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Valero Energy has an average rating of “Moderate Buy” and a consensus price target of $406.32.

View Our Latest Stock Analysis on Valero Energy

Valero Energy Trading Down 4.0%

Valero Energy stock opened at $350.89 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.32. The business’s fifty day simple moving average is $399.62 and its two-hundred day simple moving average is $288.80. Valero Energy Corporation has a 12 month low of $159.90 and a 12 month high of $461.52. The company has a market capitalization of $101.03 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 0.19 and a beta of 0.58.

Valero Energy (NYSE:VLO – Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share 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 firm had revenue of $46.10 billion during the quarter, compared to the consensus estimate of $42.71 billion. During the same period last year, the company earned $3.66 earnings per share. The company’s revenue was up 43.3% on a year-over-year basis. As a group, equities analysts predict that Valero Energy Corporation will post 57.83 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Tuesday, November 24th will be paid a $1.20 dividend. The ex-dividend date is Tuesday, November 24th. This represents a $4.80 dividend on an annualized basis and a yield of 1.4%. Valero Energy’s payout ratio is presently 10.80%.

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About Valero Energy

(Free Report)

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company’s primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.

Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.

In addition to conventional refining, Valero has businesses focused on renewable fuels.

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

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