Lakeview Capital Partners LLC Reduces Position in Valero Energy Co. (NYSE:VLO)

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Lakeview Capital Partners LLC lessened its holdings in shares of Valero Energy Co. (NYSE:VLO) by 5.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,371 shares of the oil and gas company’s stock after selling 140 shares during the quarter. Lakeview Capital Partners LLC’s holdings in Valero Energy were worth $202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Boston Partners lifted its holdings in Valero Energy by 23,224.5% during the second quarter. Boston Partners now owns 5,689,556 shares of the oil and gas company’s stock valued at $487,029,000 after purchasing an additional 5,665,163 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in Valero Energy by 15,904.0% in the second quarter. Nuveen Asset Management LLC now owns 3,352,516 shares of the oil and gas company’s stock valued at $287,009,000 after buying an additional 3,331,568 shares during the period. Thoroughbred Financial Services LLC raised its holdings in Valero Energy by 8,873.5% in the second quarter. Thoroughbred Financial Services LLC now owns 1,347,276 shares of the oil and gas company’s stock valued at $134,728,000 after buying an additional 1,332,262 shares during the period. Invesco Ltd. raised its holdings in Valero Energy by 67.6% in the second quarter. Invesco Ltd. now owns 2,523,796 shares of the oil and gas company’s stock valued at $216,062,000 after buying an additional 1,017,717 shares during the period. Finally, BlackRock Inc. raised its holdings in Valero Energy by 2.7% in the second quarter. BlackRock Inc. now owns 34,645,065 shares of the oil and gas company’s stock valued at $2,965,964,000 after buying an additional 896,211 shares during the period. Institutional investors and hedge funds own 76.11% of the company’s stock.

NYSE:VLO traded down $0.54 during trading hours on Friday, hitting $100.86. The stock had a trading volume of 2,664,839 shares, compared to its average volume of 3,471,837. The company has a current ratio of 1.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. Valero Energy Co. has a 1-year low of $68.81 and a 1-year high of $101.99. The business has a 50 day simple moving average of $90.73 and a two-hundred day simple moving average of $83.27. The company has a market cap of $41.89 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 2.62 and a beta of 1.49.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.13. Valero Energy had a net margin of 2.12% and a return on equity of 10.31%. The company had revenue of $27.25 billion during the quarter, compared to the consensus estimate of $25.93 billion. During the same quarter last year, the company earned $2.01 earnings per share. Valero Energy’s revenue for the quarter was down 11.7% on a year-over-year basis. Research analysts expect that Valero Energy Co. will post 4.83 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 20th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.57%. The ex-dividend date is Tuesday, November 19th. Valero Energy’s dividend payout ratio (DPR) is 48.85%.

Several research analysts recently commented on the stock. Wells Fargo & Co raised their price target on shares of Valero Energy from $107.00 to $108.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. cut their price target on shares of Valero Energy from $96.00 to $83.00 and set an “overweight” rating on the stock in a report on Tuesday, September 10th. ValuEngine lowered shares of Valero Energy from a “sell” rating to a “strong sell” rating in a report on Friday. Morgan Stanley increased their price objective on shares of Valero Energy from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada set a $99.00 price objective on shares of Valero Energy and gave the company a “buy” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. Valero Energy has an average rating of “Buy” and a consensus target price of $103.22.

Valero Energy Company Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.

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

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