MetLife Investment Advisors LLC reduced its holdings in Valero Energy Co. (NYSE:VLO) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 124,336 shares of the oil and gas company’s stock after selling 2,518 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Valero Energy were worth $14,143,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. Appleton Partners Inc. MA increased its holdings in shares of Valero Energy by 1.2% during the third quarter. Appleton Partners Inc. MA now owns 41,763 shares of the oil and gas company’s stock valued at $4,751,000 after acquiring an additional 497 shares in the last quarter. Impax Asset Management LLC increased its holdings in shares of Valero Energy by 10.7% during the second quarter. Impax Asset Management LLC now owns 5,227 shares of the oil and gas company’s stock valued at $579,000 after acquiring an additional 505 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of Valero Energy by 3.8% during the second quarter. Stephens Inc. AR now owns 14,335 shares of the oil and gas company’s stock valued at $1,589,000 after acquiring an additional 522 shares in the last quarter. Gradient Investments LLC increased its holdings in shares of Valero Energy by 68.1% during the third quarter. Gradient Investments LLC now owns 1,353 shares of the oil and gas company’s stock valued at $154,000 after acquiring an additional 548 shares in the last quarter. Finally, Intrust Bank NA increased its holdings in shares of Valero Energy by 3.8% during the second quarter. Intrust Bank NA now owns 15,606 shares of the oil and gas company’s stock valued at $1,730,000 after acquiring an additional 565 shares in the last quarter. Institutional investors and hedge funds own 78.46% of the company’s stock.
Shares of NYSE:VLO opened at $73.30 on Friday. The company has a market cap of $31.10 billion, a P/E ratio of 11.60, a P/E/G ratio of 0.31 and a beta of 1.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.59. Valero Energy Co. has a 12-month low of $71.48 and a 12-month high of $126.98.
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 12th. Investors of record on Tuesday, November 20th were given a dividend of $0.80 per share. The ex-dividend date was Monday, November 19th. This represents a $3.20 annualized dividend and a dividend yield of 4.37%. Valero Energy’s payout ratio is 64.52%.
In related news, Director Randall J. Weisenburger bought 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 11th. The shares were bought at an average price of $72.74 per share, with a total value of $1,818,500.00. Following the completion of the transaction, the director now directly owns 53,717 shares in the company, valued at $3,907,374.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is owned by insiders.
Several equities research analysts have recently commented on the company. Mizuho set a $110.00 price objective on Valero Energy and gave the company 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. Citigroup decreased their price objective on Valero Energy from $132.00 to $122.00 and set a “buy” rating for the company in a report on Thursday, November 15th. Tudor Pickering downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Finally, Raymond James decreased their price objective on Valero Energy from $141.00 to $117.00 and set an “outperform” rating for the company in a report on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $116.80.
About Valero Energy
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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