Rampart Investment Management Company LLC grew its holdings in shares of Valero Energy Co. (NYSE:VLO) by 4.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,146 shares of the oil and gas company’s stock after purchasing an additional 1,739 shares during the period. Rampart Investment Management Company LLC’s holdings in Valero Energy were worth $4,560,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of VLO. FMR LLC increased its stake in Valero Energy by 71.1% during the second quarter. FMR LLC now owns 16,436,742 shares of the oil and gas company’s stock worth $1,821,684,000 after purchasing an additional 6,831,581 shares during the period. Janus Henderson Group PLC increased its stake in Valero Energy by 58.3% during the second quarter. Janus Henderson Group PLC now owns 1,757,883 shares of the oil and gas company’s stock worth $194,827,000 after purchasing an additional 647,321 shares during the period. Natixis increased its stake in Valero Energy by 4,649.9% during the first quarter. Natixis now owns 508,147 shares of the oil and gas company’s stock worth $47,141,000 after purchasing an additional 497,449 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Valero Energy by 70.4% during the first quarter. Robeco Institutional Asset Management B.V. now owns 1,020,560 shares of the oil and gas company’s stock worth $94,679,000 after purchasing an additional 421,540 shares during the period. Finally, Atalanta Sosnoff Capital LLC increased its stake in Valero Energy by 3,983.8% during the second quarter. Atalanta Sosnoff Capital LLC now owns 424,710 shares of the oil and gas company’s stock worth $47,071,000 after purchasing an additional 414,310 shares during the period. Institutional investors own 78.38% of the company’s stock.
Shares of VLO opened at $118.52 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.67 and a quick ratio of 1.10. The company has a market capitalization of $50.38 billion, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 1.97 and a beta of 0.99. Valero Energy Co. has a 52-week low of $67.24 and a 52-week high of $126.98.
Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 26th. The oil and gas company reported $2.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.17. The firm had revenue of $31.02 billion during the quarter, compared to the consensus estimate of $26.56 billion. Valero Energy had a return on equity of 12.06% and a net margin of 4.21%. The firm’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 earnings per share. sell-side analysts predict that Valero Energy Co. will post 6.63 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 5th. Investors of record on Tuesday, August 7th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Monday, August 6th. Valero Energy’s dividend payout ratio (DPR) is 64.52%.
A number of analysts have issued reports on VLO shares. Morgan Stanley boosted their price target on shares of Valero Energy from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 31st. ValuEngine downgraded Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. Mizuho initiated coverage on Valero Energy in a research report on Wednesday, August 1st. They set a “neutral” rating and a $125.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on Valero Energy from $128.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. Finally, Credit Suisse Group boosted their price objective on Valero Energy from $118.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, June 4th. Fourteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $115.41.
In related news, Director Stephen M. Waters sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $116.76, for a total value of $116,760.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.41% of the company’s stock.
Valero Energy Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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