5,859 Shares in Valero Energy Corporation $VLO Purchased by Quantitative Investment Management LLC

Key Points

• Quantitative Investment Management acquired 5,859 Valero Energy shares worth approximately $1.525 million in the second quarter. Institutional investors collectively own 78.69% of Valero.
• Valero reported quarterly EPS of $12.54, beating estimates of $10.11, while revenue rose 48.8% year over year to $44.48 billion.
• Valero paid a quarterly dividend of $1.20 per share, representing an annualized dividend of $4.80 and a 1.3% yield. Analysts maintain a consensus “Moderate Buy” rating, despite a consensus price target of $288 versus the stock’s reported $359.97 price.

Quantitative Investment Management LLC acquired a new position in Valero Energy Corporation (NYSE:VLO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,859 shares of the oil and gas company's stock, valued at approximately $1,525,000.

Other large investors have also modified their holdings of the company. Norges Bank bought a new position in shares of Valero Energy in the fourth quarter worth about $1,111,542,000. Bank of America Corp DE bought a new stake in Valero Energy during the 2nd quarter valued at about $1,195,943,000. Arrowstreet Capital Limited Partnership bought a new stake in Valero Energy during the 3rd quarter valued at about $275,239,000. Pacer Advisors Inc. boosted its position in Valero Energy by 2,635.7% in the 4th quarter. Pacer Advisors Inc. now owns 950,527 shares of the oil and gas company's stock valued at $154,736,000 after buying an additional 915,782 shares during the period. Finally, Amundi grew its stake in Valero Energy by 45.3% in the 1st quarter. Amundi now owns 2,584,976 shares of the oil and gas company's stock worth $638,695,000 after acquiring an additional 806,018 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company's stock.

Insider Buying and Selling at Valero Energy

In other news, SVP Eric A. Fisher sold 7,500 shares of the business's stock in a transaction on Monday, June 29th. The shares were sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the sale, the senior vice president directly owned 19,742 shares of the company's stock, valued at $5,294,212.14. The trade was a 27.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is owned by company insiders.

Valero Energy Stock Performance

VLO opened at $359.97 on Tuesday. Valero Energy Corporation has a 52-week low of $150.10 and a 52-week high of $362.79. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 0.37. The company has a market cap of $103.65 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 0.23 and a beta of 0.55. The firm's 50-day moving average price is $305.88 and its 200-day moving average price is $260.60.

Valero Energy (NYSE:VLO - Get Free Report) last released its earnings results on Thursday, July 30th. The oil and gas company reported $12.54 EPS for the quarter, topping analysts' consensus estimates of $10.11 by $2.43. The company had revenue of $44.48 billion during the quarter, compared to analysts' expectations of $39.47 billion. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. Valero Energy's revenue for the quarter was up 48.8% on a year-over-year basis. During the same period last year, the business earned $2.28 EPS. As a group, equities analysts anticipate that Valero Energy Corporation will post 40.7 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, July 31st were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, July 31st. Valero Energy's payout ratio is presently 19.92%.

Wall Street Analyst Weigh In

VLO has been the subject of several research analyst reports. Erste Group Bank downgraded shares of Valero Energy from a "buy" rating to a "hold" rating in a research note on Thursday, August 27th. Zacks Research raised Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. The Goldman Sachs Group raised their price objective on Valero Energy from $286.00 to $357.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. UBS Group upped their target price on Valero Energy from $280.00 to $355.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Finally, Barclays raised their price target on Valero Energy from $279.00 to $323.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $288.00.

Valero Energy Company Profile

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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