Checchi Capital Advisers LLC reduced its stake in shares of Valero Energy Co. (NYSE:VLO) by 3.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,824 shares of the oil and gas company’s stock after selling 137 shares during the period. Checchi Capital Advisers LLC’s holdings in Valero Energy were worth $326,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Archford Capital Strategies LLC raised its position in shares of Valero Energy by 122.7% in the 2nd quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock worth $31,000 after buying an additional 200 shares during the period. Mechanics Bank Trust Department purchased a new position in shares of Valero Energy in the 3rd quarter worth $31,000. Titan Capital Management LLC CA purchased a new position in shares of Valero Energy in the 2nd quarter worth $32,000. Stonebridge Capital Advisors LLC purchased a new position in shares of Valero Energy in the 2nd quarter worth $32,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Valero Energy in the 3rd quarter worth $33,000. 76.42% of the stock is currently owned by institutional investors.
VLO has been the topic of a number of research reports. JPMorgan Chase & Co. cut their price objective on Valero Energy from $96.00 to $83.00 and set an “overweight” rating on the stock in a report on Tuesday, September 10th. Goldman Sachs Group set a $104.00 price objective on Valero Energy and gave the stock a “buy” rating in a report on Friday, October 25th. Wells Fargo & Co raised their price objective on Valero Energy from $107.00 to $108.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Royal Bank of Canada set a $99.00 price objective on Valero Energy and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, ValuEngine lowered shares of Valero Energy from a “sell” rating to a “strong sell” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Valero Energy has a consensus rating of “Buy” and an average target price of $103.22.
Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.35 by $0.13. Valero Energy had a return on equity of 10.37% and a net margin of 2.12%. The company had revenue of $27.25 billion for the quarter, compared to analyst estimates of $25.93 billion. During the same period last year, the company posted $2.01 earnings per share. The firm’s revenue was down 11.7% compared to the same quarter last year. Equities analysts anticipate that Valero Energy Co. will post 4.89 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $3.60 annualized dividend and a dividend yield of 3.57%. Valero Energy’s payout ratio is currently 48.85%.
Valero Energy Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.
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