Valero Energy Co. (NYSE:VLO) Shares Acquired by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton increased its holdings in shares of Valero Energy Co. (NYSE:VLO) by 3.9% in the third quarter, Holdings Channel reports. The firm owned 4,698 shares of the oil and gas company’s stock after buying an additional 177 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Valero Energy were worth $634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. EdgeRock Capital LLC purchased a new stake in shares of Valero Energy during the second quarter worth approximately $27,000. Lynx Investment Advisory purchased a new stake in shares of Valero Energy in the second quarter valued at about $29,000. Summit Securities Group LLC acquired a new position in shares of Valero Energy during the second quarter worth about $31,000. Pathway Financial Advisers LLC purchased a new position in Valero Energy during the first quarter worth about $33,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in shares of Valero Energy in the 3rd quarter valued at approximately $34,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Performance

NYSE:VLO traded down $0.28 during mid-day trading on Thursday, hitting $128.45. 494,384 shares of the stock were exchanged, compared to its average volume of 2,973,869. The firm’s 50-day simple moving average is $137.31 and its 200 day simple moving average is $148.99. The stock has a market capitalization of $41.15 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 3.45 and a beta of 1.39. Valero Energy Co. has a fifty-two week low of $119.88 and a fifty-two week high of $184.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. Valero Energy had a net margin of 2.74% and a return on equity of 13.01%. The company had revenue of $32.88 billion during the quarter, compared to analysts’ expectations of $31.04 billion. During the same quarter in the previous year, the business posted $7.49 earnings per share. Valero Energy’s quarterly revenue was down 14.4% on a year-over-year basis. As a group, equities analysts anticipate that Valero Energy Co. will post 9.6 EPS for the current fiscal year.

Valero Energy Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 3.33%. Valero Energy’s payout ratio is presently 38.39%.

Analyst Ratings Changes

Several research analysts have weighed in on VLO shares. The Goldman Sachs Group lowered their target price 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. Wells Fargo & Company raised Valero Energy from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $172.00 to $165.00 in a research note on Wednesday, October 9th. Barclays decreased their target price on Valero Energy from $165.00 to $146.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Mizuho dropped their price target on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. Finally, StockNews.com lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. One research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $156.29.

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.