Valero Energy Co. (NYSE:VLO) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its position in shares of Valero Energy Co. (NYSE:VLO) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,216 shares of the oil and gas company’s stock after buying an additional 2,887 shares during the period. CIBC Asset Management Inc’s holdings in Valero Energy were worth $7,996,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. EdgeRock Capital LLC purchased a new stake in Valero Energy during the 2nd quarter worth $27,000. Lynx Investment Advisory bought a new position in shares of Valero Energy during the second quarter worth about $29,000. Summit Securities Group LLC bought a new position in shares of Valero Energy during the second quarter worth about $31,000. Pathway Financial Advisers LLC bought a new position in shares of Valero Energy during the first quarter worth about $33,000. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of Valero Energy during the third quarter worth about $34,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Barclays reduced their price target on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Citigroup dropped their price objective on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. TD Cowen dropped their price objective on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company upgraded shares of Valero Energy from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $172.00 to $165.00 in a research note on Wednesday, October 9th. Finally, Mizuho dropped their price objective on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $155.86.

Valero Energy Trading Up 0.1 %

Valero Energy stock opened at $140.16 on Friday. Valero Energy Co. has a 52 week low of $120.21 and a 52 week high of $184.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The firm has a market capitalization of $44.37 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 2.57 and a beta of 1.39. The company has a 50 day moving average price of $135.83 and a 200 day moving average price of $146.42.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.16. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The firm had revenue of $32.88 billion for the quarter, compared to analysts’ expectations of $31.04 billion. During the same period in the previous year, the company posted $7.49 EPS. The company’s quarterly revenue was down 14.4% compared to the same quarter last year. Research analysts forecast that Valero Energy Co. will post 9.1 EPS for the current 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 paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Wednesday, November 20th. Valero Energy’s dividend payout ratio (DPR) is currently 38.39%.

Valero Energy 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.