Valero Energy Co. (NYSE:VLO) Shares Acquired by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC boosted its holdings in Valero Energy Co. (NYSE:VLO) by 0.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 85,792 shares of the oil and gas company’s stock after buying an additional 319 shares during the period. Valero Energy makes up about 2.2% of Summit Financial Wealth Advisors LLC’s investment portfolio, making the stock its 13th largest position. Summit Financial Wealth Advisors LLC’s holdings in Valero Energy were worth $11,584,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Manning & Napier Advisors LLC purchased a new position in Valero Energy in the 2nd quarter worth approximately $15,945,000. Allspring Global Investments Holdings LLC boosted 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 purchasing an additional 22,571 shares during the period. 180 Wealth Advisors LLC acquired a new stake in Valero Energy during the 2nd quarter valued at $535,000. Massmutual Trust Co. FSB ADV increased its stake in Valero Energy by 23.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 42,716 shares of the oil and gas company’s stock worth $6,696,000 after buying an additional 8,198 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Valero Energy by 66.0% in the 2nd quarter. GAMMA Investing LLC now owns 8,781 shares of the oil and gas company’s stock worth $1,377,000 after buying an additional 3,492 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VLO has been the topic of a number of analyst reports. Bank of America initiated coverage on Valero Energy in a research report on Thursday, October 17th. They set a “neutral” rating and a $150.00 target price on the stock. Scotiabank cut their target price on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Mizuho decreased 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. Piper Sandler cut shares of Valero Energy from an “overweight” rating to a “neutral” rating and cut their price target for the company from $169.00 to $123.00 in a report on Friday, September 20th. Finally, BMO Capital Markets decreased their price objective on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, October 4th. One equities 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $155.86.

Valero Energy Price Performance

VLO opened at $139.83 on Tuesday. 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 company’s 50-day moving average price is $136.71 and its 200 day moving average price is $145.68. Valero Energy Co. has a fifty-two week low of $120.21 and a fifty-two week high of $184.79. The firm has a market cap of $44.27 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 2.63 and a beta of 1.39.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The firm had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The firm’s revenue was down 14.4% on a year-over-year basis. During the same period in the prior year, the business earned $7.49 EPS. As a group, sell-side analysts expect that Valero Energy Co. will post 8.92 earnings per share for the current year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.06%. Valero Energy’s payout ratio is 38.39%.

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.