Valero Energy Corporation $VLO Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its stake in shares of Valero Energy Corporation (NYSE:VLOFree Report) by 12.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 845,326 shares of the oil and gas company’s stock after selling 116,711 shares during the quarter. Deutsche Bank AG’s holdings in Valero Energy were worth $220,157,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Sierra Summit Advisors LLC boosted its position in Valero Energy by 2,325.2% in the fourth quarter. Sierra Summit Advisors LLC now owns 36,378 shares of the oil and gas company’s stock valued at $5,922,000 after buying an additional 34,878 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Valero Energy by 846.9% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,752 shares of the oil and gas company’s stock worth $2,401,000 after buying an additional 13,194 shares during the period. North Dakota State Investment Board purchased a new position in Valero Energy during the 4th quarter worth approximately $1,743,000. Fort Washington Investment Advisors Inc. OH raised its position in Valero Energy by 4.2% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 192,430 shares of the oil and gas company’s stock worth $47,546,000 after buying an additional 7,702 shares during the last quarter. Finally, Dymon Asia Capital Singapore PTE. LTD. acquired a new stake in Valero Energy during the 4th quarter valued at approximately $2,268,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Stock Up 0.9%

VLO opened at $350.14 on Wednesday. Valero Energy Corporation has a fifty-two week low of $136.87 and a fifty-two week high of $351.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.23 and a current ratio of 1.64. The company has a fifty day moving average of $287.63 and a two-hundred day moving average of $250.74. The stock has a market capitalization of $100.82 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 0.23 and a beta of 0.55.

Valero Energy (NYSE:VLOGet Free Report) last issued its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share for the quarter, topping analysts’ consensus estimates of $10.11 by $2.43. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The business had revenue of $44.48 billion during the quarter, compared to the consensus estimate of $39.47 billion. During the same quarter in the prior year, the firm posted $2.28 earnings per share. The company’s revenue was up 48.8% compared to the same quarter last year. On average, research analysts expect that Valero Energy Corporation will post 40.62 earnings per share for the current year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, July 31st will be issued a $1.20 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $4.80 dividend on an annualized basis and a yield of 1.4%. Valero Energy’s dividend payout ratio is presently 19.92%.

Analysts Set New Price Targets

Several analysts have recently commented on VLO shares. TD Cowen upped their price objective on shares of Valero Energy from $338.00 to $350.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Jefferies Financial Group set a $350.00 target price on shares of Valero Energy in a report on Monday, August 3rd. Weiss Ratings upgraded shares of Valero Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 6th. Wolfe Research reaffirmed an “underperform” rating and issued a $203.00 price target on shares of Valero Energy in a report on Tuesday, April 21st. Finally, Barclays increased their price target on Valero Energy from $279.00 to $323.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $288.00.

Get Our Latest Report on Valero Energy

Valero Energy News Summary

Here are the key news stories impacting Valero Energy this week:

Insiders Place Their Bets

In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the transaction, the senior vice president owned 19,742 shares in the company, valued at approximately $5,294,212.14. This represents a 27.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.36% of the company’s stock.

Valero Energy Profile

(Free Report)

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.

Further Reading

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

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