Valero Energy Co. (VLO) Holdings Lifted by Nomura Holdings Inc.
Nomura Holdings Inc. grew its stake in shares of Valero Energy Co. (NYSE:VLO) by 5.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 212,446 shares of the oil and gas company’s stock after purchasing an additional 11,566 shares during the quarter. Nomura Holdings Inc.’s holdings in Valero Energy were worth $23,545,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Pinnacle Financial Partners Inc. lifted its position in Valero Energy by 0.7% in the 2nd quarter. Pinnacle Financial Partners Inc. now owns 59,162 shares of the oil and gas company’s stock valued at $6,557,000 after acquiring an additional 434 shares in the last quarter. Mariner LLC raised its stake in Valero Energy by 0.9% during the 1st quarter. Mariner LLC now owns 47,978 shares of the oil and gas company’s stock valued at $4,451,000 after buying an additional 435 shares during the last quarter. Allen Capital Group LLC raised its stake in Valero Energy by 5.1% during the 2nd quarter. Allen Capital Group LLC now owns 9,051 shares of the oil and gas company’s stock valued at $1,003,000 after buying an additional 436 shares during the last quarter. Sigma Planning Corp raised its stake in Valero Energy by 4.7% during the 2nd quarter. Sigma Planning Corp now owns 10,106 shares of the oil and gas company’s stock valued at $1,120,000 after buying an additional 457 shares during the last quarter. Finally, United Capital Financial Advisers LLC raised its stake in Valero Energy by 2.3% during the 1st quarter. United Capital Financial Advisers LLC now owns 20,326 shares of the oil and gas company’s stock valued at $1,886,000 after buying an additional 458 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.
In other Valero Energy news, Director Stephen M. Waters sold 1,000 shares of the stock in a transaction on Monday, July 30th. The stock was sold at an average price of $116.76, for a total value of $116,760.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.41% of the company’s stock.
Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 26th. The oil and gas company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.98 by $0.17. The firm had revenue of $31.02 billion during the quarter, compared to analyst estimates of $26.56 billion. Valero Energy had a return on equity of 12.06% and a net margin of 4.21%. Valero Energy’s revenue was up 39.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.23 EPS. sell-side analysts expect that Valero Energy Co. will post 6.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 5th. Stockholders of record on Tuesday, August 7th were paid a $0.80 dividend. The ex-dividend date of this dividend was Monday, August 6th. This represents a $3.20 annualized dividend and a dividend yield of 2.77%. Valero Energy’s dividend payout ratio (DPR) is 64.52%.
A number of equities research analysts have weighed in on VLO shares. Wells Fargo & Co boosted their target price on shares of Valero Energy from $122.00 to $146.00 and gave the company a “positive” rating in a research note on Tuesday, May 29th. Credit Suisse Group boosted their target price on shares of Valero Energy from $118.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, June 4th. ValuEngine lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. JPMorgan Chase & Co. boosted their target price on shares of Valero Energy from $128.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. Finally, Morgan Stanley boosted their target price on shares of Valero Energy from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, July 31st. Fourteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $116.59.
About Valero Energy
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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