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GF Fund Management CO. LTD. Reduces Position in Valero Energy Corporation (NYSE:VLO)

Valero Energy logo with Energy background

GF Fund Management CO. LTD. reduced its holdings in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 3.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 58,620 shares of the oil and gas company's stock after selling 2,322 shares during the period. GF Fund Management CO. LTD.'s holdings in Valero Energy were worth $7,742,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of VLO. OneDigital Investment Advisors LLC boosted its stake in shares of Valero Energy by 19.1% during the first quarter. OneDigital Investment Advisors LLC now owns 5,014 shares of the oil and gas company's stock valued at $662,000 after purchasing an additional 805 shares during the period. Carmel Capital Management L.L.C. lifted its holdings in Valero Energy by 0.6% during the 1st quarter. Carmel Capital Management L.L.C. now owns 48,311 shares of the oil and gas company's stock valued at $6,380,000 after buying an additional 300 shares in the last quarter. Avantax Planning Partners Inc. boosted its position in Valero Energy by 5.7% in the 1st quarter. Avantax Planning Partners Inc. now owns 44,800 shares of the oil and gas company's stock valued at $5,917,000 after buying an additional 2,429 shares during the period. Calamos Advisors LLC grew its stake in Valero Energy by 1.1% in the 1st quarter. Calamos Advisors LLC now owns 69,603 shares of the oil and gas company's stock worth $9,192,000 after acquiring an additional 775 shares in the last quarter. Finally, Conning Inc. increased its position in shares of Valero Energy by 5,928.4% during the first quarter. Conning Inc. now owns 268,564 shares of the oil and gas company's stock worth $35,469,000 after acquiring an additional 264,109 shares during the period. Hedge funds and other institutional investors own 78.69% of the company's stock.

Valero Energy Stock Up 1.0%

Shares of Valero Energy stock traded up $1.47 on Friday, reaching $143.53. The stock had a trading volume of 2,224,601 shares, compared to its average volume of 3,055,219. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $167.78. The company has a 50 day moving average price of $129.99 and a 200 day moving average price of $127.99. The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $44.96 billion, a P/E ratio of 50.72, a P/E/G ratio of 2.50 and a beta of 1.00.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.27). Valero Energy had a return on equity of 6.30% and a net margin of 0.72%. The firm had revenue of $28.76 billion during the quarter, compared to analysts' expectations of $28.54 billion. During the same period in the prior year, the firm posted $3.82 earnings per share. Valero Energy's revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, equities research analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Tuesday, May 20th. Valero Energy's dividend payout ratio is currently 159.72%.

Analyst Ratings Changes

A number of brokerages recently issued reports on VLO. Barclays boosted their price target on Valero Energy from $140.00 to $141.00 and gave the company an "overweight" rating in a report on Monday, May 12th. JPMorgan Chase & Co. lowered their target price on Valero Energy from $152.00 to $147.00 and set an "overweight" rating for the company in a report on Monday, April 28th. UBS Group cut their price target on Valero Energy from $160.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Raymond James Financial lifted their price objective on Valero Energy from $150.00 to $155.00 and gave the company a "strong-buy" rating in a report on Monday. Finally, Scotiabank dropped their target price on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $150.88.

Get Our Latest Report on VLO

Valero Energy Profile

(Free Report)

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.

See Also

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

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