LSV Asset Management Decreases Holdings in Valero Energy Co. (VLO)

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LSV Asset Management lowered its position in Valero Energy Co. (NYSE:VLO) by 1.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,128,339 shares of the oil and gas company’s stock after selling 101,300 shares during the period. Valero Energy accounts for approximately 0.9% of LSV Asset Management’s portfolio, making the stock its 20th biggest holding. LSV Asset Management owned approximately 1.68% of Valero Energy worth $534,411,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in VLO. FMR LLC raised its holdings in shares of Valero Energy by 71.1% during the 2nd quarter. FMR LLC now owns 16,436,742 shares of the oil and gas company’s stock worth $1,821,684,000 after acquiring an additional 6,831,581 shares during the period. Rehmann Capital Advisory Group raised its holdings in shares of Valero Energy by 11,863.7% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,063,694 shares of the oil and gas company’s stock worth $9,351,000 after acquiring an additional 1,054,803 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Valero Energy by 86.3% during the 3rd quarter. Alliancebernstein L.P. now owns 2,119,846 shares of the oil and gas company’s stock worth $241,132,000 after acquiring an additional 982,198 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Valero Energy by 47.4% during the 3rd quarter. Janus Henderson Group PLC now owns 2,590,296 shares of the oil and gas company’s stock worth $294,647,000 after acquiring an additional 832,413 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Valero Energy by 10.3% during the 3rd quarter. AQR Capital Management LLC now owns 8,371,097 shares of the oil and gas company’s stock worth $952,212,000 after acquiring an additional 781,426 shares during the period. Institutional investors own 80.90% of the company’s stock.

Shares of NYSE:VLO opened at $83.34 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.59 and a quick ratio of 0.99. The stock has a market cap of $35.70 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 1.41 and a beta of 1.14. Valero Energy Co. has a 12-month low of $68.81 and a 12-month high of $126.98.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, January 31st. The oil and gas company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.03 by $1.09. The company had revenue of $28.73 billion during the quarter, compared to the consensus estimate of $23.26 billion. Valero Energy had a return on equity of 13.60% and a net margin of 2.67%. On average, sell-side analysts forecast that Valero Energy Co. will post 7.48 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 5th. Stockholders of record on Wednesday, February 13th will be given a dividend of $0.90 per share. The ex-dividend date is Tuesday, February 12th. This is an increase from Valero Energy’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.32%. Valero Energy’s payout ratio is currently 43.42%.

In related news, Director Randall J. Weisenburger acquired 25,000 shares of the stock in a transaction dated Tuesday, December 11th. The stock was acquired at an average cost of $72.74 per share, with a total value of $1,818,500.00. Following the completion of the transaction, the director now owns 53,717 shares in the company, valued at approximately $3,907,374.58. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.41% of the company’s stock.

Several research analysts have recently commented on the company. Citigroup reduced their price target on Valero Energy from $134.00 to $132.00 and set a “buy” rating on the stock in a report on Tuesday, October 16th. Credit Suisse Group upgraded Valero Energy from a “neutral” rating to an “outperform” rating and reduced their price target for the stock from $135.00 to $120.00 in a report on Thursday, November 1st. Mizuho set a $110.00 price target on Valero Energy and gave the stock a “hold” rating in a report on Wednesday, November 28th. ValuEngine upgraded Valero Energy from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Finally, Raymond James reduced their price target on Valero Energy from $105.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, December 31st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $112.01.

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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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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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