Rovin Capital UT ADV Raises Position in Valero Energy Co. (NYSE:VLO)

Rovin Capital UT ADV lifted its holdings in shares of Valero Energy Co. (NYSE:VLO) by 8.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,292 shares of the oil and gas company’s stock after buying an additional 187 shares during the period. Rovin Capital UT ADV’s holdings in Valero Energy were worth $309,000 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. Ameriprise Financial Inc. raised its position in shares of Valero Energy by 2.8% during the second quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock valued at $1,090,532,000 after buying an additional 192,397 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Valero Energy by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock valued at $677,007,000 after buying an additional 237,347 shares during the period. Pacer Advisors Inc. raised its stake in shares of Valero Energy by 1.9% during the 2nd quarter. Pacer Advisors Inc. now owns 3,018,107 shares of the oil and gas company’s stock worth $473,118,000 after acquiring an additional 56,989 shares in the last quarter. Legal & General Group Plc raised its position in shares of Valero Energy by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,809,355 shares of the oil and gas company’s stock valued at $440,394,000 after purchasing an additional 82,539 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Valero Energy by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,063,923 shares of the oil and gas company’s stock worth $352,292,000 after purchasing an additional 65,632 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VLO shares. Bank of America assumed coverage on Valero Energy in a report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price objective on the stock. Mizuho decreased their price objective on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. The Goldman Sachs Group decreased their price objective on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research report on Monday, September 16th. Citigroup lowered their target price on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Wolfe Research began coverage on Valero Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $177.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $156.29.

Valero Energy Trading Up 0.4 %

NYSE VLO opened at $136.69 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The firm has a market cap of $43.27 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 2.47 and a beta of 1.39. Valero Energy Co. has a 52 week low of $119.88 and a 52 week high of $184.79. The company has a 50 day moving average price of $135.89 and a 200 day moving average price of $147.48.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The company had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. During the same period in the previous year, the company posted $7.49 earnings per share. Valero Energy’s revenue for the quarter was down 14.4% on a year-over-year basis. As a group, sell-side analysts forecast that Valero Energy Co. will post 9.21 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Wednesday, November 20th. Valero Energy’s payout ratio is presently 38.39%.

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.