Valero Energy Co. (NYSE:VLO) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its holdings in shares of Valero Energy Co. (NYSE:VLO) by 6.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,868 shares of the oil and gas company’s stock after selling 2,247 shares during the period. Janus Henderson Group PLC’s holdings in Valero Energy were worth $4,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VLO. Charles Schwab Investment Management Inc. increased its holdings in shares of Valero Energy by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,287,269 shares of the oil and gas company’s stock valued at $1,389,090,000 after acquiring an additional 50,837 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Valero Energy by 2.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock valued at $1,090,532,000 after purchasing an additional 192,397 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Valero Energy by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock worth $677,007,000 after buying an additional 237,347 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Valero Energy by 18.8% during the third quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock worth $484,105,000 after buying an additional 567,059 shares during the period. Finally, Legal & General Group Plc grew its holdings in shares of Valero Energy by 3.0% during the second quarter. Legal & General Group Plc now owns 2,809,355 shares of the oil and gas company’s stock valued at $440,394,000 after buying an additional 82,539 shares during the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on VLO shares. Wells Fargo & Company lowered their price target on Valero Energy from $165.00 to $160.00 and set an “overweight” rating for the company in a research report on Monday. Piper Sandler lowered Valero Energy from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $169.00 to $123.00 in a research report on Friday, September 20th. Barclays reduced their price target on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Scotiabank dropped their price objective on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, Mizuho reduced their target price on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Valero Energy presently has an average rating of “Moderate Buy” and an average price target of $155.50.

Valero Energy Price Performance

NYSE:VLO opened at $132.34 on Wednesday. The stock has a market capitalization of $41.90 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 2.47 and a beta of 1.40. Valero Energy Co. has a 52 week low of $120.21 and a 52 week high of $184.79. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The stock’s 50-day moving average price is $136.97 and its 200-day moving average price is $144.03.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.98 by $0.16. The company had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. Valero Energy’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same period last year, the company earned $7.49 earnings per share. As a group, equities analysts expect that Valero Energy Co. will post 8.89 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Wednesday, November 20th. Valero Energy’s dividend payout ratio is presently 38.39%.

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.