Legal & General Group Plc Has $324.21 Million Holdings in Valero Energy Corporation $VLO

Legal & General Group Plc grew its position in Valero Energy Corporation (NYSE:VLOFree Report) by 2.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,904,181 shares of the oil and gas company’s stock after acquiring an additional 43,237 shares during the period. Legal & General Group Plc’s holdings in Valero Energy were worth $324,206,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of VLO. Highline Wealth Partners LLC increased its holdings in Valero Energy by 70.2% in the 3rd quarter. Highline Wealth Partners LLC now owns 160 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 66 shares in the last quarter. Global Wealth Strategies & Associates acquired a new stake in shares of Valero Energy during the third quarter valued at about $34,000. Cypress Capital Management LLC WY acquired a new stake in shares of Valero Energy during the third quarter valued at about $34,000. Physician Wealth Advisors Inc. grew its holdings in shares of Valero Energy by 145.3% during the third quarter. Physician Wealth Advisors Inc. now owns 211 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 125 shares during the last quarter. Finally, Evolution Wealth Management Inc. bought a new stake in shares of Valero Energy during the second quarter worth about $43,000. Institutional investors own 78.69% of the company’s stock.

Valero Energy News Roundup

Here are the key news stories impacting Valero Energy this week:

Valero Energy Price Performance

Shares of NYSE VLO opened at $231.17 on Thursday. The firm has a market capitalization of $69.13 billion, a P/E ratio of 30.26, a P/E/G ratio of 1.11 and a beta of 0.70. The firm’s 50-day moving average price is $195.07 and its 200-day moving average price is $176.62. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.36. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $232.99.

Valero Energy (NYSE:VLOGet Free Report) last issued its earnings results on Thursday, January 29th. The oil and gas company reported $3.82 EPS for the quarter, beating the consensus estimate of $3.27 by $0.55. Valero Energy had a return on equity of 12.35% and a net margin of 1.91%.The company had revenue of $30.37 billion during the quarter, compared to the consensus estimate of $28.20 billion. During the same period last year, the business posted $0.64 EPS. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities research analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Thursday, February 5th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. This is a boost from Valero Energy’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend was Thursday, February 5th. Valero Energy’s payout ratio is 62.83%.

Wall Street Analysts Forecast Growth

VLO has been the subject of a number of research reports. Zacks Research lowered shares of Valero Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Bank of America reissued a “neutral” rating and set a $195.00 target price (down from $198.00) on shares of Valero Energy in a report on Thursday, December 11th. Wall Street Zen raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Morgan Stanley lifted their price target on shares of Valero Energy from $175.00 to $180.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 27th. Finally, Barclays boosted their price objective on shares of Valero Energy from $169.00 to $184.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $187.67.

Check Out Our Latest Stock Report on VLO

Valero Energy Company Profile

(Free Report)

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.

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

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