Pacer Advisors Inc. Has $5.92 Million Stock Holdings in Valero Energy Corporation $VLO

Pacer Advisors Inc. trimmed its position in shares of Valero Energy Corporation (NYSE:VLO) by 98.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,745 shares of the oil and gas company’s stock after selling 2,062,565 shares during the period. Pacer Advisors Inc.’s holdings in Valero Energy were worth $5,916,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of VLO. Norges Bank acquired a new position in shares of Valero Energy in the second quarter valued at $827,390,000. Geode Capital Management LLC raised its stake in shares of Valero Energy by 16.7% in the 2nd quarter. Geode Capital Management LLC now owns 8,141,511 shares of the oil and gas company’s stock valued at $1,089,897,000 after buying an additional 1,164,217 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Valero Energy by 81.2% during the 1st quarter. AQR Capital Management LLC now owns 1,413,182 shares of the oil and gas company’s stock worth $186,498,000 after acquiring an additional 633,157 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Valero Energy during the 2nd quarter valued at about $86,647,000. Finally, Encompass Capital Advisors LLC acquired a new stake in shares of Valero Energy during the 1st quarter valued at about $49,966,000. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

Valero Energy stock opened at $165.49 on Tuesday. The stock has a 50-day simple moving average of $171.82 and a 200 day simple moving average of $157.32. The stock has a market capitalization of $50.47 billion, a price-to-earnings ratio of 34.55, a P/E/G ratio of 1.17 and a beta of 0.76. The company has a quick ratio of 1.09, a current ratio of 1.60 and a debt-to-equity ratio of 0.36. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $185.62.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.51. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. The firm had revenue of $32.17 billion during the quarter, compared to analysts’ expectations of $28.80 billion. During the same quarter last year, the company posted $1.14 EPS. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, research analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, November 20th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, November 20th. Valero Energy’s payout ratio is 94.36%.

Analyst Ratings Changes

A number of research analysts have commented on VLO shares. Jefferies Financial Group raised their price target on shares of Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Erste Group Bank began coverage on Valero Energy in a research report on Monday, November 10th. They set a “buy” rating for the company. Zacks Research upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Wall Street Zen cut Valero Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Barclays upped their target price on shares of Valero Energy from $169.00 to $184.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $183.20.

Insider Transactions at Valero Energy

In other Valero Energy news, CFO Jason W. Fraser sold 9,933 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $174.02, for a total value of $1,728,540.66. Following the transaction, the chief financial officer directly owned 134,196 shares in the company, valued at approximately $23,352,787.92. This trade represents a 6.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Valero Energy Profile

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.