Valero Energy Corporation (VLO) Shares Bought by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Valero Energy Corporation (NYSE:VLO) by 2.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 366,000 shares of the oil and gas company’s stock after buying an additional 7,200 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.08% of Valero Energy worth $28,275,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eads & Heald Investment Counsel increased its stake in Valero Energy by 0.3% in the second quarter. Eads & Heald Investment Counsel now owns 8,420 shares of the oil and gas company’s stock valued at $568,000 after acquiring an additional 25 shares during the period. Ferguson Wellman Capital Management Inc. increased its stake in Valero Energy by 0.7% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 4,140 shares of the oil and gas company’s stock valued at $279,000 after acquiring an additional 30 shares during the period. Wetherby Asset Management Inc. increased its stake in Valero Energy by 0.6% in the second quarter. Wetherby Asset Management Inc. now owns 6,067 shares of the oil and gas company’s stock valued at $409,000 after acquiring an additional 38 shares during the period. Capital Wealth Planning LLC increased its stake in Valero Energy by 1.1% in the second quarter. Capital Wealth Planning LLC now owns 4,045 shares of the oil and gas company’s stock valued at $273,000 after acquiring an additional 45 shares during the period. Finally, Tdam USA Inc. increased its stake in Valero Energy by 1.6% in the second quarter. Tdam USA Inc. now owns 5,441 shares of the oil and gas company’s stock valued at $365,000 after acquiring an additional 84 shares during the period. 81.81% of the stock is owned by institutional investors and hedge funds.

Valero Energy Corporation (VLO) traded up $2.15 on Wednesday, reaching $85.78. 4,197,300 shares of the company’s stock traded hands, compared to its average volume of 4,049,917. The company has a current ratio of 1.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $36,594.90, a price-to-earnings ratio of 18.06, a PEG ratio of 1.73 and a beta of 1.20. Valero Energy Corporation has a 12 month low of $60.69 and a 12 month high of $86.42.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.08. The company had revenue of $23.56 billion for the quarter, compared to analyst estimates of $19.42 billion. Valero Energy had a net margin of 2.33% and a return on equity of 9.87%. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period last year, the business posted $1.24 earnings per share. research analysts forecast that Valero Energy Corporation will post 4.84 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be issued a $0.70 dividend. The ex-dividend date is Monday, November 20th. This represents a $2.80 annualized dividend and a yield of 3.26%. Valero Energy’s dividend payout ratio (DPR) is presently 60.48%.

In other news, Director Philip J. Pfeiffer sold 1,500 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $81.42, for a total transaction of $122,130.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael S. Ciskowski sold 53,012 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the sale, the chief financial officer now directly owns 67,413 shares of the company’s stock, valued at approximately $4,913,059.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,768 shares of company stock worth $4,161,601. Company insiders own 0.45% of the company’s stock.

Several analysts have weighed in on the stock. US Capital Advisors cut shares of Valero Energy from an “overweight” rating to a “hold” rating in a research note on Thursday, August 17th. BidaskClub cut shares of Valero Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Cowen upped their price objective on shares of Valero Energy from $70.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, September 28th. UBS reaffirmed a “neutral” rating and set a $80.00 price objective (up from $69.00) on shares of Valero Energy in a research note on Wednesday, September 27th. Finally, Zacks Investment Research upgraded shares of Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Valero Energy currently has a consensus rating of “Hold” and an average price target of $79.28.

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Valero Energy Profile

Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.

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

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