PointState Capital LP Trims Stake in Valero Energy Co. (NYSE:VLO)

PointState Capital LP trimmed its holdings in shares of Valero Energy Co. (NYSE:VLO) by 60.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 165,800 shares of the oil and gas company’s stock after selling 253,950 shares during the period. PointState Capital LP’s holdings in Valero Energy were worth $14,194,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of VLO. Thoroughbred Financial Services LLC grew its position in Valero Energy by 8,873.5% during the second quarter. Thoroughbred Financial Services LLC now owns 1,347,276 shares of the oil and gas company’s stock worth $134,728,000 after buying an additional 1,332,262 shares in the last quarter. Invesco Ltd. grew its position in Valero Energy by 67.6% during the second quarter. Invesco Ltd. now owns 2,523,796 shares of the oil and gas company’s stock worth $216,062,000 after buying an additional 1,017,717 shares in the last quarter. BlackRock Inc. grew its position in Valero Energy by 2.7% during the second quarter. BlackRock Inc. now owns 34,645,065 shares of the oil and gas company’s stock worth $2,965,964,000 after buying an additional 896,211 shares in the last quarter. Janus Henderson Group PLC grew its position in Valero Energy by 29.3% during the second quarter. Janus Henderson Group PLC now owns 2,495,692 shares of the oil and gas company’s stock worth $213,658,000 after buying an additional 564,854 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its position in Valero Energy by 55.2% during the second quarter. Bahl & Gaynor Inc. now owns 1,538,627 shares of the oil and gas company’s stock worth $131,722,000 after buying an additional 546,962 shares in the last quarter. Institutional investors and hedge funds own 76.33% of the company’s stock.

VLO stock traded down $0.10 during mid-day trading on Thursday, hitting $83.50. 234,922 shares of the stock were exchanged, compared to its average volume of 3,265,885. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.42 and a quick ratio of 0.92. The business has a fifty day moving average price of $78.57 and a 200 day moving average price of $81.90. Valero Energy Co. has a 12 month low of $68.81 and a 12 month high of $120.72. The stock has a market capitalization of $35.03 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 2.06 and a beta of 1.50.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.14. Valero Energy had a return on equity of 11.31% and a net margin of 2.27%. The firm had revenue of $28.93 billion during the quarter, compared to analyst estimates of $25.45 billion. During the same quarter in the previous year, the company posted $2.15 earnings per share. The company’s revenue was down 6.7% compared to the same quarter last year. As a group, equities analysts forecast that Valero Energy Co. will post 4.99 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 6th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.31%. The ex-dividend date was Monday, August 5th. Valero Energy’s dividend payout ratio (DPR) is currently 48.85%.

Several research firms recently commented on VLO. JPMorgan Chase & Co. reduced their target price on Valero Energy from $96.00 to $83.00 and set an “overweight” rating for the company in a research report on Tuesday, September 10th. ValuEngine lowered Valero Energy from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Wells Fargo & Co set a $107.00 price target on Valero Energy and gave the stock a “buy” rating in a research note on Friday, July 26th. Goldman Sachs Group raised Valero Energy from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $96.00 to $92.00 in a research note on Thursday, June 6th. Finally, Royal Bank of Canada set a $98.00 price target on Valero Energy and gave the stock a “buy” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $103.47.

About Valero Energy

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.

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

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