15,381 Shares in Valero Energy Corporation $VLO Acquired by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC purchased a new position in Valero Energy Corporation (NYSE:VLO) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,381 shares of the oil and gas company’s stock, valued at approximately $2,068,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Valero Energy by 12.0% during the 1st quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock valued at $5,135,043,000 after purchasing an additional 4,155,522 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Valero Energy by 6.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock worth $1,510,586,000 after buying an additional 736,533 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Valero Energy by 276.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock valued at $1,425,754,000 after buying an additional 7,931,018 shares during the last quarter. Invesco Ltd. grew its stake in shares of Valero Energy by 34.1% during the first quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock valued at $647,823,000 after acquiring an additional 1,247,196 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Valero Energy during the first quarter worth about $529,864,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on VLO shares. Weiss Ratings reissued a “hold (c)” rating on shares of Valero Energy in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on Valero Energy from $177.00 to $197.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Citigroup cut Valero Energy from a “buy” rating to a “neutral” rating and increased their target price for the company from $134.00 to $150.00 in a research note on Wednesday, July 16th. Evercore ISI lifted their price target on shares of Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a research note on Friday, September 19th. Finally, Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $152.00 to $179.00 in a report on Wednesday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Valero Energy has an average rating of “Moderate Buy” and a consensus price target of $179.53.

Valero Energy Stock Up 2.1%

Shares of NYSE:VLO opened at $179.34 on Tuesday. The company’s fifty day moving average is $164.87 and its two-hundred day moving average is $146.02. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.60. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $180.15. The stock has a market capitalization of $54.70 billion, a price-to-earnings ratio of 37.44, a price-to-earnings-growth ratio of 1.77 and a beta of 1.01.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.51. The business had revenue of $32.17 billion during the quarter, compared to the consensus estimate of $28.80 billion. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.14 EPS. Equities analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, November 20th will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $4.52 annualized dividend and a dividend yield of 2.5%. Valero Energy’s dividend payout ratio is 94.36%.

About Valero Energy

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.