Valero Energy Corporation $VLO Shares Acquired by AGF Management Ltd.

AGF Management Ltd. boosted its stake in shares of Valero Energy Corporation (NYSE:VLO) by 15.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,392 shares of the oil and gas company’s stock after purchasing an additional 9,157 shares during the quarter. AGF Management Ltd.’s holdings in Valero Energy were worth $9,462,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of Valero Energy by 276.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock valued at $1,425,754,000 after acquiring an additional 7,931,018 shares during the period. Vanguard Group Inc. lifted its position in Valero Energy by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock valued at $5,135,043,000 after purchasing an additional 4,155,522 shares during the last quarter. Nuveen LLC acquired a new position in Valero Energy during the 1st quarter valued at about $529,864,000. Invesco Ltd. grew its position in Valero Energy by 34.1% in the 1st quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock worth $647,823,000 after purchasing an additional 1,247,196 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Valero Energy by 6.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock valued at $1,510,586,000 after purchasing an additional 736,533 shares during the period. 78.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays boosted their price objective on Valero Energy from $151.00 to $169.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Wolfe Research lowered Valero Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Raymond James Financial reissued a “strong-buy” rating and set a $195.00 price target (up from $181.00) on shares of Valero Energy in a report on Friday, October 24th. Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $152.00 to $179.00 in a report on Wednesday, September 3rd. Finally, UBS Group reissued a “buy” rating and set a $183.00 target price on shares of Valero Energy in a research note on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $179.27.

Valero Energy Trading Down 0.5%

Shares of NYSE:VLO opened at $175.22 on Friday. The stock has a market capitalization of $53.44 billion, a price-to-earnings ratio of 36.58, a PEG ratio of 1.77 and a beta of 1.01. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $179.10. The company has a 50 day moving average price of $164.33 and a 200 day moving average price of $145.34. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.60.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.51. The company had revenue of $32.17 billion during the quarter, compared to the consensus estimate of $28.80 billion. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.14 EPS. On average, research analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, November 20th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $4.52 dividend on an annualized basis and a yield of 2.6%. Valero Energy’s dividend payout ratio (DPR) is currently 94.36%.

About Valero Energy

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.