Pacer Advisors Inc. Raises Position in Valero Energy Co. (NYSE:VLO)

Pacer Advisors Inc. raised its holdings in shares of Valero Energy Co. (NYSE:VLO) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,018,107 shares of the oil and gas company’s stock after buying an additional 56,989 shares during the period. Valero Energy comprises approximately 1.1% of Pacer Advisors Inc.’s portfolio, making the stock its 11th largest position. Pacer Advisors Inc. owned about 0.94% of Valero Energy worth $473,118,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in Valero Energy by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock valued at $677,007,000 after acquiring an additional 237,347 shares during the period. Putnam Investments LLC boosted its stake in shares of Valero Energy by 3.7% during the fourth quarter. Putnam Investments LLC now owns 3,445,821 shares of the oil and gas company’s stock valued at $447,957,000 after purchasing an additional 122,207 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Valero Energy by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,063,923 shares of the oil and gas company’s stock worth $352,292,000 after purchasing an additional 65,632 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Valero Energy by 37.6% during the 1st quarter. Acadian Asset Management LLC now owns 1,558,750 shares of the oil and gas company’s stock valued at $266,040,000 after buying an additional 426,093 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in Valero Energy by 3.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,548,476 shares of the oil and gas company’s stock valued at $264,309,000 after buying an additional 53,789 shares during the period. 78.69% of the stock is owned by institutional investors.

Valero Energy Trading Down 3.1 %

Shares of NYSE VLO opened at $134.39 on Friday. Valero Energy Co. has a 1 year low of $119.88 and a 1 year high of $184.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04. The firm has a 50-day moving average of $145.42 and a 200 day moving average of $155.06. The stock has a market cap of $43.94 billion, a P/E ratio of 6.66, a price-to-earnings-growth ratio of 2.72 and a beta of 1.40.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.60 by $0.11. The firm had revenue of $34.49 billion during the quarter, compared to analyst estimates of $32.97 billion. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The business’s revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $5.40 earnings per share. As a group, sell-side analysts expect that Valero Energy Co. will post 12.3 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 1st were paid a $1.07 dividend. The ex-dividend date was Thursday, August 1st. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.18%. Valero Energy’s dividend payout ratio is currently 21.20%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Scotiabank boosted their price objective on shares of Valero Energy from $165.00 to $173.00 and gave the company a “sector outperform” rating in a research report on Friday, July 12th. Piper Sandler downgraded Valero Energy from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $169.00 to $123.00 in a report on Friday. Wolfe Research initiated coverage on Valero Energy in a research report on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price objective on the stock. Barclays reduced their target price on Valero Energy from $171.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Finally, Wells Fargo & Company lifted their price target on shares of Valero Energy from $165.00 to $172.00 and gave the company an “equal weight” rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $168.07.

Valero Energy Company Profile

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.