Cohen & Steers Inc. Increases Position in Valero Energy Co. (NYSE:VLO)

Cohen & Steers Inc. boosted its position in Valero Energy Co. (NYSE:VLOGet 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 (NYSE:VLOGet Rating) last announced its earnings results on Thursday, July 28th. The oil and gas company reported $11.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $5.03. Valero Energy had a net margin of 4.54% and a return on equity of 34.65%. The company had revenue of $51.64 billion for the quarter, compared to the consensus estimate of $40.73 billion. During the same period in the previous year, the business earned $0.48 EPS. The company’s revenue was up 86.1% on a year-over-year basis. Equities analysts expect that Valero Energy Co. will post 26.79 earnings per share for the current fiscal year.

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

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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.

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

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