Trading Report: Today: UBS Asset Management Americas Inc. decides to keep it stake in Valero Energy Corp. (VLO) to the level of $110,128,000

Today: UBS Asset Management Americas Inc. decides to keep it stake in Valero Energy Corp. (VLO) to the level of $110,128,000

UBS Asset Management Americas Inc. increased its stake in Valero Energy Corp. (NYSE:VLO) by 4.8% during the third quarter, Holdings Channel reports. The fund owned 2,077,854 shares of the company’s stock after buying an additional 94,642 shares during the period. UBS Asset Management Americas Inc. owned about 0.45% of Valero Energy Corp. worth $110,128,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Security National Trust Co. raised its position in shares of Valero Energy Corp. by 4.8% in the second quarter. Security National Trust Co. now owns 2,347 shares of the company’s stock valued at $119,000 after buying an additional 107 shares during the last quarter. Oakworth Capital Inc. raised its position in shares of Valero Energy Corp. by 3.3% in the third quarter. Oakworth Capital Inc. now owns 2,684 shares of the company’s stock valued at $142,000 after buying an additional 85 shares during the last quarter. Amica Retiree Medical Trust bought a new position in shares of Valero Energy Corp. during the second quarter valued at $137,000. Point72 Asia Hong Kong Ltd raised its position in shares of Valero Energy Corp. by 554.3% in the second quarter. Point72 Asia Hong Kong Ltd now owns 2,951 shares of the company’s stock valued at $151,000 after buying an additional 2,500 shares during the last quarter. Finally, Sandy Spring Bank raised its position in shares of Valero Energy Corp. by 33.2% in the second quarter. Sandy Spring Bank now owns 2,967 shares of the company’s stock valued at $152,000 after buying an additional 740 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Valero Energy Corp. (NYSE:VLO) traded down 1.59% during trading on Monday, reaching $63.83. 1,929,986 shares of the company’s stock were exchanged. Valero Energy Corp. has a 52-week low of $46.88 and a 52-week high of $73.70. The company has a market capitalization of $28.89 billion, a price-to-earnings ratio of 13.53 and a beta of 1.45. The stock’s 50-day moving average price is $59.00 and its 200-day moving average price is $54.91.

Valero Energy Corp. (NYSE:VLO) last posted its earnings results on Tuesday, October 25th. The company reported $1.24 earnings per share 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 analyst estimates of $19.49 billion. During the same period in the previous year, the company earned $2.79 EPS. The company’s revenue for the quarter was down 13.0% on a year-over-year basis. Equities analysts expect that Valero Energy Corp. will post $3.71 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Tuesday, November 22nd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, November 18th. This represents a $2.40 annualized dividend and a yield of 3.70%. Valero Energy Corp.’s dividend payout ratio (DPR) is currently 50.74%.

Several research analysts have recently weighed in on the stock. Vetr lowered shares of Valero Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $60.89 price objective on the stock. in a report on Wednesday, August 3rd. Jefferies Group set a $65.00 price target on shares of Valero Energy Corp. and gave the company a “buy” rating in a report on Saturday, October 15th. TheStreet lowered shares of Valero Energy Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, October 25th. Scotiabank restated a “sector outperform” rating and issued a $62.00 price target (up previously from $58.00) on shares of Valero Energy Corp. in a report on Wednesday, October 26th. Finally, Howard Weil raised their price target on shares of 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 given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price 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.

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