Charles Schwab Investment Management Inc. Has $1.39 Billion Stake in Valero Energy Co. (NYSE:VLO)

Charles Schwab Investment Management Inc. grew its holdings in shares of Valero Energy Co. (NYSE:VLO) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,287,269 shares of the oil and gas company’s stock after buying an additional 50,837 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Valero Energy were worth $1,389,090,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VLO. Manning & Napier Advisors LLC bought a new stake in Valero Energy during the second quarter worth about $15,945,000. Allspring Global Investments Holdings LLC grew its stake in shares of Valero Energy by 1.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,293,589 shares of the oil and gas company’s stock valued at $174,673,000 after buying an additional 22,571 shares in the last quarter. 180 Wealth Advisors LLC acquired a new position in Valero Energy during the second quarter worth $535,000. Massmutual Trust Co. FSB ADV raised its position in Valero Energy by 23.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 42,716 shares of the oil and gas company’s stock worth $6,696,000 after acquiring an additional 8,198 shares in the last quarter. Finally, BOKF NA lifted its stake in Valero Energy by 402.7% in the first quarter. BOKF NA now owns 17,303 shares of the oil and gas company’s stock valued at $2,987,000 after acquiring an additional 13,861 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Up 0.2 %

VLO stock opened at $141.52 on Thursday. Valero Energy Co. has a twelve month low of $120.21 and a twelve month 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 firm has a market capitalization of $44.80 billion, a PE ratio of 12.66, a P/E/G ratio of 2.65 and a beta of 1.39. The stock’s 50 day moving average is $136.32 and its 200-day moving average is $146.12.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.16. The company had revenue of $32.88 billion during 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% on a year-over-year basis. During the same period in the prior year, the company posted $7.49 earnings per share. Sell-side analysts expect that Valero Energy Co. will post 8.92 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be issued a $1.07 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.02%. Valero Energy’s dividend payout ratio (DPR) is presently 38.39%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VLO. The Goldman Sachs Group cut their price target on Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a report on Monday, September 16th. Piper Sandler lowered Valero Energy from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $169.00 to $123.00 in a research note on Friday, September 20th. Wells Fargo & Company upgraded shares of Valero Energy from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $172.00 to $165.00 in a research report on Wednesday, October 9th. TD Cowen reduced their price objective on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Citigroup reduced their price objective on Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $155.86.

Valero Energy 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.