3,194 Shares in Valero Energy Co. (NYSE:VLO) Purchased by Sather Financial Group Inc

Sather Financial Group Inc acquired a new position in shares of Valero Energy Co. (NYSE:VLO) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 3,194 shares of the oil and gas company’s stock, valued at approximately $431,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in Valero Energy by 11,318.9% during the third quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company’s stock worth $145,339,000 after purchasing an additional 1,066,923 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 worth $677,007,000 after buying an additional 237,347 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Valero Energy by 17.6% in the second quarter. AQR Capital Management LLC now owns 1,550,010 shares of the oil and gas company’s stock valued at $238,841,000 after acquiring an additional 232,494 shares in the last quarter. Westwood Holdings Group Inc. bought a new stake in Valero Energy during the first quarter worth $39,517,000. Finally, Hsbc Holdings PLC boosted its position in Valero Energy by 20.5% in the second quarter. Hsbc Holdings PLC now owns 1,145,117 shares of the oil and gas company’s stock worth $179,490,000 after purchasing an additional 194,974 shares during the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Up 0.1 %

VLO opened at $140.16 on Friday. The firm has a market capitalization of $44.37 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 2.57 and a beta of 1.39. Valero Energy Co. has a one year low of $120.21 and a one year high of $184.79. The company has a fifty day moving average price of $135.83 and a 200-day moving average price of $146.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The business had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The company’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same period in the prior year, the company earned $7.49 EPS. Equities research analysts expect that Valero Energy Co. will post 9.1 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 annualized dividend and a yield of 3.05%. Valero Energy’s payout ratio is presently 38.39%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Mizuho lowered their target price on Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. JPMorgan Chase & Co. dropped their target price on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Citigroup decreased their price target on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Barclays reduced their price objective on Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Finally, The Goldman Sachs Group dropped their price target on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.86.

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.