Cohen & Steers Inc. boosted its position in Valero Energy Co. (NYSE:VLO – Get Rating) by 22.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,009 shares of the oil and gas company’s stock after buying an additional 6,929 shares during the quarter. Cohen & Steers Inc.’s holdings in Valero Energy were worth $3,859,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of VLO. Exane Derivatives bought a new stake in Valero Energy in the first quarter valued at about $25,000. DB Wealth Management Group LLC bought a new stake in Valero Energy in the first quarter valued at about $27,000. Bromfield Sneider Wealth Advisors bought a new stake in Valero Energy in the first quarter valued at about $28,000. Riverview Trust Co bought a new stake in Valero Energy in the first quarter valued at about $29,000. Finally, Quent Capital LLC boosted its stake in Valero Energy by 164.9% in the first quarter. Quent Capital LLC now owns 355 shares of the oil and gas company’s stock valued at $36,000 after acquiring an additional 221 shares during the period. 79.78% of the stock is owned by institutional investors.
Valero Energy Price Performance
Shares of NYSE:VLO opened at $113.32 on Monday. The company’s fifty day moving average is $111.27 and its two-hundred day moving average is $110.43. The company has a quick ratio of 0.92, a current ratio of 1.25 and a debt-to-equity ratio of 0.52. Valero Energy Co. has a 12-month low of $61.86 and a 12-month high of $146.80. The company has a market cap of $44.64 billion, a P/E ratio of 6.52, a price-to-earnings-growth ratio of 0.71 and a beta of 1.68.
Valero Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 4th were paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend was Wednesday, August 3rd. Valero Energy’s dividend payout ratio (DPR) is currently 22.57%.
Analysts Set New Price Targets
VLO has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on Valero Energy from $111.00 to $142.00 in a research note on Tuesday, May 17th. Barclays upped their target price on Valero Energy from $133.00 to $139.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 16th. StockNews.com upgraded Valero Energy from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 5th. Redburn Partners downgraded Valero Energy from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 1st. Finally, Morgan Stanley upped their target price on Valero Energy from $125.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, July 15th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $132.23.
About Valero Energy
Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids.
- Get a free copy of the StockNews.com research report on Valero Energy (VLO)
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