Acadian Asset Management LLC Has $16.02 Million Stake in Valero Energy Corporation $VLO

Acadian Asset Management LLC increased its position in shares of Valero Energy Corporation (NYSE:VLO) by 15.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,225 shares of the oil and gas company’s stock after acquiring an additional 15,861 shares during the quarter. Acadian Asset Management LLC’s holdings in Valero Energy were worth $16,020,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Kestra Private Wealth Services LLC raised its stake in shares of Valero Energy by 18.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company’s stock valued at $2,959,000 after purchasing an additional 3,503 shares during the period. Hancock Whitney Corp grew its position in shares of Valero Energy by 8.9% in the 1st quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock valued at $6,138,000 after acquiring an additional 3,790 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of Valero Energy during the 1st quarter worth approximately $766,000. FORA Capital LLC bought a new position in shares of Valero Energy in the first quarter valued at about $866,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Valero Energy by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 560,495 shares of the oil and gas company’s stock worth $74,025,000 after acquiring an additional 56,274 shares during the period. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

Shares of VLO stock opened at $180.97 on Wednesday. Valero Energy Corporation has a one year low of $99.00 and a one year high of $182.99. The firm has a 50-day moving average of $165.41 and a 200-day moving average of $146.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. The company has a market cap of $55.20 billion, a P/E ratio of 37.78, a P/E/G ratio of 1.77 and a beta of 1.01.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.51. The company had revenue of $32.17 billion during the quarter, compared to analyst estimates of $28.80 billion. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.Valero Energy’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 earnings per share. Equities research analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, November 20th will be paid a dividend of $1.13 per share. The ex-dividend date is Thursday, November 20th. This represents a $4.52 annualized dividend and a dividend yield of 2.5%. Valero Energy’s dividend payout ratio (DPR) is presently 94.36%.

Analysts Set New Price Targets

A number of research firms recently commented on VLO. Mizuho raised their price target on shares of Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Raymond James Financial reiterated 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. JPMorgan Chase & Co. boosted their price objective on shares of Valero Energy from $177.00 to $197.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $152.00 to $179.00 in a report on Wednesday, September 3rd. Finally, Jefferies Financial Group lifted their target price on Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $179.53.

Valero Energy Profile

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.