Valero Energy Co. (NYSE:VLO) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lowered its holdings in Valero Energy Co. (NYSE:VLO) by 2.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,583,687 shares of the oil and gas company’s stock after selling 37,226 shares during the period. Valero Energy makes up 0.8% of Jacobs Levy Equity Management Inc.’s holdings, making the stock its 23rd biggest holding. Jacobs Levy Equity Management Inc. owned approximately 0.50% of Valero Energy worth $213,845,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its holdings in Valero Energy by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,287,269 shares of the oil and gas company’s stock worth $1,389,090,000 after acquiring an additional 50,837 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Valero Energy by 2.8% in the 2nd 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 period. Dimensional Fund Advisors LP increased its stake in Valero Energy by 5.8% in the 2nd 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. grew its stake in shares of Valero Energy by 18.8% during the 3rd quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock worth $484,105,000 after purchasing an additional 567,059 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Valero Energy by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,809,355 shares of the oil and gas company’s stock worth $440,394,000 after purchasing an additional 82,539 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

VLO has been the topic of a number of recent research reports. Barclays reduced their target price on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Wells Fargo & Company upgraded shares of Valero Energy from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $172.00 to $165.00 in a report on Wednesday, October 9th. Scotiabank dropped their target price on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. BMO Capital Markets reduced their price objective on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Finally, TD Cowen dropped their target price on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and an average price target of $155.86.

Valero Energy Trading Up 0.8 %

Shares of Valero Energy stock opened at $140.14 on Tuesday. Valero Energy Co. has a 1 year low of $120.21 and a 1 year high of $184.79. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $136.92 and its 200-day simple moving average is $145.19. The company has a market cap of $44.37 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 2.60 and a beta of 1.40.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data 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. The company had revenue of $32.88 billion during the quarter, compared to analysts’ expectations of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The business’s revenue was down 14.4% on a year-over-year basis. During the same period last year, the business earned $7.49 earnings per share. As a group, sell-side analysts expect that Valero Energy Co. will post 8.92 EPS for the current year.

Valero Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $1.07 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 annualized dividend and a yield of 3.05%. Valero Energy’s dividend payout ratio is currently 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.