Valero Energy Co. (NYSE:VLO) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its stake in Valero Energy Co. (NYSE:VLO) by 13.5% in the third quarter, HoldingsChannel reports. The firm owned 54,571 shares of the oil and gas company’s stock after selling 8,541 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Valero Energy were worth $7,369,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of VLO. Manning & Napier Advisors LLC purchased a new stake in shares of Valero Energy during the second quarter worth approximately $15,945,000. Allspring Global Investments Holdings LLC lifted its position in shares of Valero Energy by 1.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,293,589 shares of the oil and gas company’s stock worth $174,673,000 after purchasing an additional 22,571 shares during the last quarter. 180 Wealth Advisors LLC acquired a new position in shares of Valero Energy during the second quarter worth $535,000. Ameriprise Financial Inc. increased its holdings in Valero Energy by 2.8% in the second quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock valued at $1,090,532,000 after buying an additional 192,397 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Valero Energy by 130.9% in the second quarter. Blue Trust Inc. now owns 1,136 shares of the oil and gas company’s stock valued at $194,000 after buying an additional 644 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Up 0.4 %

Shares of NYSE:VLO opened at $139.08 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The company has a market cap of $44.03 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 2.60 and a beta of 1.40. Valero Energy Co. has a fifty-two week low of $120.21 and a fifty-two week high of $184.79. The firm’s 50-day simple moving average is $136.92 and its 200-day simple moving average is $145.19.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $31.04 billion. During the same quarter last year, the business earned $7.49 earnings per share. The business’s revenue for the quarter was down 14.4% compared to the same quarter last year. As a group, equities research analysts predict that Valero Energy Co. will post 8.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 annualized dividend and a yield of 3.08%. Valero Energy’s dividend payout ratio is presently 38.39%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Scotiabank lowered their price objective on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Mizuho dropped their price target 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. The Goldman Sachs Group reduced their price objective on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research report on Monday, September 16th. Barclays dropped their target price 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. Finally, Bank of America initiated coverage on shares of Valero Energy in a research report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $155.86.

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.