Rovin Capital UT ADV Purchases 152 Shares of Valero Energy Co. (NYSE:VLO)

Rovin Capital UT ADV grew its position in shares of Valero Energy Co. (NYSE:VLO) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,444 shares of the oil and gas company’s stock after purchasing an additional 152 shares during the quarter. Rovin Capital UT ADV’s holdings in Valero Energy were worth $300,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Peterson Financial Group Inc. purchased a new position in shares of Valero Energy during the third quarter worth approximately $28,000. Compagnie Lombard Odier SCmA purchased a new position in Valero Energy in the 3rd quarter worth $34,000. True Wealth Design LLC lifted its stake in Valero Energy by 196.8% in the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 183 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Valero Energy during the third quarter valued at about $38,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Valero Energy during the third quarter valued at about $50,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Up 3.0 %

Shares of NYSE:VLO opened at $138.10 on Thursday. 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 52-week low of $116.84 and a 52-week high of $184.79. The firm has a market capitalization of $43.72 billion, a P/E ratio of 12.39, a P/E/G ratio of 2.43 and a beta of 1.42. The stock has a 50 day moving average price of $131.10 and a 200-day moving average price of $138.59.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data 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. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. During the same quarter in the previous year, the firm 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 research analysts anticipate that Valero Energy Co. will post 7.96 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Wednesday, November 20th were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Wednesday, November 20th. Valero Energy’s payout ratio is 38.39%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on VLO. Scotiabank lowered their target price on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. BMO Capital Markets lowered their price objective on Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Bank of America started coverage on shares of Valero Energy in a report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 target price on the stock. TD Cowen dropped their price target on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus target price of $154.57.

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.