Raymond James Financial Services Advisors Inc. Has $36.78 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

Raymond James Financial Services Advisors Inc. lifted its stake in shares of Valero Energy Co. (NYSE:VLOFree Report) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 282,896 shares of the oil and gas company’s stock after buying an additional 9,897 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Valero Energy were worth $36,776,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Deutsche Bank AG grew its holdings in shares of Valero Energy by 5.8% during the 3rd quarter. Deutsche Bank AG now owns 1,005,346 shares of the oil and gas company’s stock worth $142,468,000 after purchasing an additional 55,351 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Valero Energy by 3.0% during the 4th quarter. Nordea Investment Management AB now owns 645,726 shares of the oil and gas company’s stock worth $83,867,000 after purchasing an additional 18,575 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Valero Energy by 10.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 83,290 shares of the oil and gas company’s stock worth $11,803,000 after purchasing an additional 7,910 shares in the last quarter. NatWest Group plc acquired a new stake in shares of Valero Energy during the 4th quarter worth $3,325,000. Finally, Bryn Mawr Capital Management LLC acquired a new stake in shares of Valero Energy during the 3rd quarter worth $773,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Raymond James increased their target price on Valero Energy from $154.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Friday, January 26th. Mizuho downgraded Valero Energy from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $150.00 to $173.00 in a research report on Friday, March 22nd. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $156.00 to $210.00 in a research report on Friday, March 15th. Citigroup started coverage on Valero Energy in a research report on Wednesday, January 24th. They set a “buy” rating for the company. Finally, UBS Group upped their price objective on Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $165.69.

Check Out Our Latest Analysis on Valero Energy

Valero Energy Price Performance

Valero Energy stock opened at $167.25 on Wednesday. The company has a market capitalization of $55.61 billion, a PE ratio of 6.76, a P/E/G ratio of 1.79 and a beta of 1.53. The stock has a 50-day moving average price of $144.19 and a two-hundred day moving average price of $135.35. The company has a current ratio of 1.56, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 12 month low of $104.18 and a 12 month high of $172.46.

Valero Energy (NYSE:VLOGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share for the quarter, beating the consensus estimate of $2.95 by $0.60. The company had revenue of $35.41 billion during the quarter, compared to analysts’ expectations of $34.76 billion. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The business’s quarterly revenue was down 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $8.45 earnings per share. Analysts expect that Valero Energy Co. will post 15.66 EPS for the current year.

Valero Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Thursday, February 1st were paid a $1.07 dividend. This is a boost from Valero Energy’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Wednesday, January 31st. This represents a $4.28 annualized dividend and a dividend yield of 2.56%. Valero Energy’s dividend payout ratio is presently 17.31%.

About Valero Energy

(Free Report)

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.

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

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