Valero Energy Co. (NYSE:VLO) Shares Acquired by Kerusso Capital Management LLC

Kerusso Capital Management LLC grew its position in Valero Energy Co. (NYSE:VLO) by 6.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,051 shares of the oil and gas company’s stock after buying an additional 664 shares during the quarter. Kerusso Capital Management LLC’s holdings in Valero Energy were worth $1,492,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. EdgeRock Capital LLC acquired a new stake in shares of Valero Energy in the second quarter valued at $27,000. Lynx Investment Advisory acquired a new stake in shares of Valero Energy in the second quarter valued at $29,000. Summit Securities Group LLC acquired a new stake in shares of Valero Energy in the second quarter valued at $31,000. Pathway Financial Advisers LLC acquired a new position in Valero Energy during the 1st quarter worth $33,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in Valero Energy during the 3rd quarter worth $34,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Stock Up 0.4 %

Shares of NYSE VLO opened at $136.69 on Friday. The stock has a market cap of $43.27 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 2.47 and a beta of 1.39. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 52-week low of $119.88 and a 52-week high of $184.79. The business has a 50-day moving average price of $135.89 and a 200 day moving average price of $147.48.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. The firm had revenue of $32.88 billion during the quarter, compared to analysts’ expectations of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The business’s revenue was down 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $7.49 EPS. Equities research analysts forecast that Valero Energy Co. will post 9.21 earnings per share for the current 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. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a yield of 3.13%. Valero Energy’s payout ratio is 38.39%.

Wall Street Analysts Forecast Growth

VLO has been the subject of several analyst reports. Piper Sandler cut Valero Energy from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $169.00 to $123.00 in a research note on Friday, September 20th. The Goldman Sachs Group lowered their target price on Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research note on Monday, September 16th. Barclays lowered their target price on Valero Energy from $165.00 to $146.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. TD Cowen lowered their target price on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, Bank of America assumed coverage on Valero Energy in a report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Valero Energy has an average rating of “Moderate Buy” and an average price target of $156.29.

About Valero Energy

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.