Pillar Pacific Capital Management LLC continued to hold its position in shares of Valero Energy Corp. (NYSE:VLO) during the third quarter, Holdings Channel reports. The firm owned 8,568 shares of the company’s stock at the end of the third quarter. Pillar Pacific Capital Management LLC’s holdings in Valero Energy Corp. were worth $454,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Cullen Frost Bankers Inc. boosted its position in Valero Energy Corp. by 8.1% in the second quarter. Cullen Frost Bankers Inc. now owns 345,392 shares of the company’s stock worth $17,615,000 after buying an additional 25,916 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of Valero Energy Corp. by 1.3% in the second quarter. Retirement Systems of Alabama now owns 239,510 shares of the company’s stock worth $12,215,000 after buying an additional 3,028 shares during the last quarter. Douglas Lane & Associates LLC boosted its position in shares of Valero Energy Corp. by 4.5% in the second quarter. Douglas Lane & Associates LLC now owns 593,791 shares of the company’s stock worth $30,283,000 after buying an additional 25,327 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Valero Energy Corp. during the second quarter worth approximately $176,332,000. Finally, Origin Asset Management LLP boosted its position in shares of Valero Energy Corp. by 20.7% in the first quarter. Origin Asset Management LLP now owns 443,191 shares of the company’s stock worth $28,426,000 after buying an additional 76,006 shares during the last quarter. 78.89% of the stock is owned by institutional investors and hedge funds.
Shares of Valero Energy Corp. (NYSE:VLO) traded up 0.22% during mid-day trading on Friday, hitting $64.86. The stock had a trading volume of 1,733,460 shares. Valero Energy Corp. has a 12-month low of $46.88 and a 12-month high of $73.70. The stock has a market cap of $29.36 billion, a P/E ratio of 13.75 and a beta of 1.45. The company’s 50 day moving average price is $58.72 and its 200 day moving average price is $54.84.
Valero Energy Corp. (NYSE:VLO) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.31. Valero Energy Corp. had a return on equity of 10.40% and a net margin of 3.01%. The firm earned $19.65 billion during the quarter, compared to the consensus estimate of $19.49 billion. During the same period in the previous year, the firm posted $2.79 EPS. The company’s quarterly revenue was down 13.0% compared to the same quarter last year. Equities research analysts predict that Valero Energy Corp. will post $3.71 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Tuesday, November 22nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, November 18th. This represents a $2.40 annualized dividend and a dividend yield of 3.71%. Valero Energy Corp.’s dividend payout ratio is currently 50.74%.
VLO has been the subject of a number of research analyst reports. Vetr cut Valero Energy Corp. from a “buy” rating to a “hold” rating and set a $65.26 target price for the company. in a report on Thursday, November 10th. Scotiabank reissued a “sector outperform” rating and set a $62.00 target price (up previously from $58.00) on shares of Valero Energy Corp. in a report on Wednesday, October 26th. Jefferies Group initiated coverage on Valero Energy Corp. in a report on Tuesday, August 23rd. They set a “buy” rating and a $66.00 target price for the company. Piper Jaffray Cos. increased their target price on Valero Energy Corp. from $48.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, August 22nd. Finally, Howard Weil increased their target price on Valero Energy Corp. from $58.00 to $62.00 and gave the company a “sector outperform” rating in a report on Wednesday, October 26th. Eight research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $69.36.
About Valero Energy Corp.
Valero Energy Corporation (Valero), through Valero Energy Partners LP (VLP), owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company operates in two segments: refining and ethanol. Its refining segment includes refining and marketing operations in the United States, Canada, the United Kingdom, Aruba and Ireland.