Metis Global Partners LLC Acquires 2,036 Shares of Valero Energy Co. (NYSE:VLO)

Metis Global Partners LLC increased its holdings in shares of Valero Energy Co. (NYSE:VLO) by 13.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,583 shares of the oil and gas company’s stock after buying an additional 2,036 shares during the quarter. Metis Global Partners LLC’s holdings in Valero Energy were worth $2,374,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of VLO. International Assets Investment Management LLC raised its position in shares of 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 acquiring an additional 1,066,923 shares during the last quarter. Acadian Asset Management LLC grew its stake in Valero Energy by 37.6% in the first quarter. Acadian Asset Management LLC now owns 1,558,750 shares of the oil and gas company’s stock valued at $266,040,000 after acquiring an additional 426,093 shares during the period. Dimensional Fund Advisors LP grew its stake in Valero Energy by 5.8% in 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 acquiring an additional 237,347 shares during the period. AQR Capital Management LLC boosted its position in shares of Valero Energy by 17.6% during 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 buying an additional 232,494 shares during the last quarter. Finally, Westwood Holdings Group Inc. bought a new stake in Valero Energy during the first quarter worth $39,517,000. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on VLO shares. JPMorgan Chase & Co. dropped their price target on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Piper Sandler cut Valero Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $169.00 to $123.00 in a report on Friday, September 20th. Bank of America started coverage on Valero Energy in a research note on Thursday, October 17th. They issued a “neutral” rating and a $150.00 target price on the stock. Mizuho decreased 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. Finally, The Goldman Sachs Group decreased their target price on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $155.86.

Valero Energy Stock Up 0.1 %

VLO opened at $140.16 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 1-year low of $120.21 and a 1-year high of $184.79. The company has a market capitalization of $44.37 billion, a PE ratio of 12.57, a PEG ratio of 2.56 and a beta of 1.39. The firm’s 50 day simple moving average is $135.71 and its two-hundred day simple moving average is $146.70.

Valero Energy (NYSE:VLO) last released its quarterly earnings results 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. The business had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The company’s quarterly revenue was down 14.4% on a year-over-year basis. During the same period last year, the firm earned $7.49 earnings per share. As a group, equities analysts forecast that Valero Energy Co. will post 9.1 EPS for the current year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.05%. Valero Energy’s dividend payout ratio (DPR) is presently 38.39%.

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.