Valero Energy Co. (NYSE:VLO) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC increased its stake in shares of Valero Energy Co. (NYSE:VLO) by 71.9% during the 3rd quarter, Holdings Channel reports. The fund owned 5,117 shares of the oil and gas company’s stock after purchasing an additional 2,141 shares during the quarter. Larson Financial Group LLC’s holdings in Valero Energy were worth $691,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. International Private Wealth Advisors LLC raised its position in shares of Valero Energy by 3.4% in the second quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock worth $309,000 after acquiring an additional 65 shares during the period. OmniStar Financial Group Inc. boosted its position in Valero Energy by 1.6% during the second quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock worth $712,000 after purchasing an additional 70 shares in the last quarter. Everhart Financial Group Inc. grew its holdings in Valero Energy by 5.5% in the second quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $214,000 after purchasing an additional 71 shares during the period. St. Johns Investment Management Company LLC increased its position in shares of Valero Energy by 1.4% in the second quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company’s stock valued at $794,000 after buying an additional 72 shares in the last quarter. Finally, Magnus Financial Group LLC raised its stake in shares of Valero Energy by 4.3% during the 2nd quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company’s stock worth $275,000 after buying an additional 73 shares during the period. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on VLO. TD Cowen cut their price target on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, October 25th. Barclays dropped their target price on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Mizuho reduced their price target on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. Scotiabank lowered their price objective on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, BMO Capital Markets cut their price objective on Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and an average target price of $155.86.

Valero Energy Stock Performance

Shares of Valero Energy stock opened at $139.83 on Tuesday. The business’s 50 day moving average price is $136.71 and its 200 day moving average price is $145.68. The company has a market cap of $44.27 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 2.63 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. Valero Energy Co. has a one year low of $120.21 and a one year high of $184.79.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.98 by $0.16. The business had revenue of $32.88 billion for 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%. The company’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.49 EPS. On average, research analysts predict that Valero Energy Co. will post 8.92 EPS for the current year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders 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 annualized dividend and a yield of 3.06%. Valero Energy’s payout ratio is 38.39%.

Valero Energy Company 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.