Dynamic Technology Lab Private Ltd bought a new position in shares of Valero Energy Co. (NYSE:VLO – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,973 shares of the oil and gas company’s stock, valued at approximately $1,077,000.
Other institutional investors have also recently added to or reduced their stakes in the company. International Private Wealth Advisors LLC increased its stake in shares of Valero Energy by 3.4% in the 2nd quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock valued at $309,000 after acquiring an additional 65 shares in the last quarter. OmniStar Financial Group Inc. grew its holdings in Valero Energy by 1.6% in 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 during the period. Everhart Financial Group Inc. raised its holdings in shares of Valero Energy by 5.5% during 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 boosted its position in shares of Valero Energy by 1.4% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company’s stock worth $794,000 after purchasing an additional 72 shares in the last quarter. Finally, Magnus Financial Group LLC grew its stake in shares of Valero Energy by 4.3% in the 2nd quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company’s stock valued at $275,000 after buying an additional 73 shares during the period. 78.69% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. Scotiabank cut their price target 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. Barclays reduced their price target on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. BMO Capital Markets dropped their price objective on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Piper Sandler downgraded shares of Valero Energy from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $169.00 to $123.00 in a research report on Friday, September 20th. Finally, The Goldman Sachs Group dropped their price target on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and an average target price of $155.86.
Valero Energy Price Performance
Shares of NYSE:VLO opened at $139.82 on Wednesday. Valero Energy Co. has a 1 year low of $120.21 and a 1 year high of $184.79. The business has a fifty day moving average price of $136.79 and a two-hundred day moving average price of $145.56. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The company has a market capitalization of $44.26 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 2.61 and a beta of 1.39.
Valero Energy (NYSE:VLO – Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. The firm had revenue of $32.88 billion for 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 for the quarter was down 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.49 EPS. Analysts forecast that Valero Energy Co. will post 8.92 earnings per share for the current year.
Valero Energy Announces Dividend
The business also recently announced 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 annualized dividend and a dividend yield of 3.06%. Valero Energy’s dividend payout ratio is currently 38.39%.
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.
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