Barings LLC Has $2.68 Million Holdings in Valero Energy Corporation $VLO

Barings LLC trimmed its stake in Valero Energy Corporation (NYSE:VLO) by 48.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,903 shares of the oil and gas company’s stock after selling 18,677 shares during the period. Barings LLC’s holdings in Valero Energy were worth $2,675,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Hancock Whitney Corp boosted its stake 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 purchasing an additional 3,790 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Valero Energy in the first quarter valued at $766,000. FORA Capital LLC bought a new stake in Valero Energy during the first quarter valued at $866,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Valero Energy by 11.2% during the 1st 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. Finally, Beacon Investment Advisory Services Inc. raised its position in shares of Valero Energy by 8.5% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 30,152 shares of the oil and gas company’s stock worth $4,053,000 after acquiring an additional 2,372 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VLO. Barclays upped their target price on Valero Energy from $169.00 to $184.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Wells Fargo & Company raised their price objective on shares of Valero Energy from $216.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. TD Cowen lifted their price objective on shares of Valero Energy from $162.00 to $165.00 and gave the company a “hold” rating in a research note on Friday, October 24th. Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Finally, Erste Group Bank started coverage on shares of Valero Energy in a research note on Monday, November 10th. They issued a “buy” rating for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $182.00.

Valero Energy Stock Performance

Shares of VLO stock opened at $173.46 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $168.69 and a two-hundred day simple moving average of $149.71. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $185.62. The firm has a market capitalization of $52.91 billion, a PE ratio of 36.21, a price-to-earnings-growth ratio of 1.77 and a beta of 1.01.

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

Valero Energy Dividend Announcement

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

Valero Energy Company 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.