Rockefeller Capital Management L.P. Has $9.57 Million Stake in Valero Energy Co. (NYSE:VLO)

Rockefeller Capital Management L.P. lessened its holdings in shares of Valero Energy Co. (NYSE:VLO) by 3.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 70,831 shares of the oil and gas company’s stock after selling 2,431 shares during the period. Rockefeller Capital Management L.P.’s holdings in Valero Energy were worth $9,567,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new position in shares of Valero Energy during the 2nd quarter valued at about $27,000. Peterson Financial Group Inc. acquired a new position in Valero Energy during the third quarter valued at approximately $28,000. Summit Securities Group LLC bought a new position in shares of Valero Energy in the second quarter valued at approximately $31,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Valero Energy in the third quarter worth $34,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Valero Energy during the 3rd quarter worth $38,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on VLO shares. TD Cowen dropped their target price on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Scotiabank dropped their price objective on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Bank of America initiated coverage on Valero Energy in a research note on Thursday, October 17th. They set a “neutral” rating and a $150.00 target price for the company. Wells Fargo & Company upgraded Valero Energy from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $172.00 to $165.00 in a report on Wednesday, October 9th. Finally, Citigroup reduced their price objective on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company 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 assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $155.86.

Valero Energy Price Performance

Shares of Valero Energy stock opened at $137.50 on Wednesday. Valero Energy Co. has a twelve month low of $120.21 and a twelve month high of $184.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The firm has a market cap of $43.53 billion, a P/E ratio of 12.33, a price-to-earnings-growth ratio of 2.62 and a beta of 1.39. The firm’s 50-day simple moving average is $137.11 and its 200-day simple moving average is $144.86.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.16. The company 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 revenue was down 14.4% compared to the same quarter last year. During the same period in the prior year, the company posted $7.49 EPS. As a group, research analysts expect that Valero Energy Co. will post 8.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The company also recently announced 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 3.11%. Valero Energy’s dividend payout ratio is presently 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.