Commonwealth Equity Services LLC lessened its holdings in shares of Valero Energy Corporation (NYSE:VLO – Free Report) by 10.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,127 shares of the oil and gas company’s stock after selling 14,019 shares during the period. Commonwealth Equity Services LLC’s holdings in Valero Energy were worth $46,175,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Whipplewood Advisors LLC grew its stake in Valero Energy by 3,400.0% during the 1st quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock worth $26,000 after buying an additional 102 shares during the last quarter. Cornerstone Financial Management LLC increased its position in Valero Energy by 57.6% during the 2nd quarter. Cornerstone Financial Management LLC now owns 104 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 38 shares in the last quarter. Balance Wealth Partners LLC acquired a new position in Valero Energy during the 3rd quarter valued at about $32,000. Global Assets Advisory LLC purchased a new stake in Valero Energy in the first quarter valued at about $33,000. Finally, Latitude Advisors LLC purchased a new stake in Valero Energy in the third quarter valued at about $34,000. Institutional investors and hedge funds own 78.69% of the company’s stock.
Valero Energy Price Performance
Shares of VLO opened at $346.29 on Friday. The firm has a market capitalization of $99.71 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 0.18 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.72 and a quick ratio of 1.33. Valero Energy Corporation has a 1-year low of $159.90 and a 1-year high of $461.52. The company’s fifty day moving average price is $399.61 and its 200-day moving average price is $289.61.
Valero Energy (NYSE:VLO – Get Free Report) last released its earnings results on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $21.17 by $2.73. The firm had revenue of $46.10 billion for the quarter, compared to the consensus estimate of $42.71 billion. Valero Energy had a return on equity of 45.90% and a net margin of 8.44%. The firm’s revenue was up 43.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.66 EPS. On average, equities research analysts predict that Valero Energy Corporation will post 57.83 EPS for the current year.
Valero Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Tuesday, November 24th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, November 24th. Valero Energy’s payout ratio is presently 10.80%.
Analyst Upgrades and Downgrades
VLO has been the subject of several recent analyst reports. Zacks Research raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. upped their price objective on shares of Valero Energy from $339.00 to $439.00 and gave the company an “overweight” rating in a report on Thursday, October 8th. Barclays upped their price objective on shares of Valero Energy from $441.00 to $443.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. Erste Group Bank lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, August 27th. Finally, TD Cowen lifted their target price on shares of Valero Energy from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Thursday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and an average price target of $406.32.
View Our Latest Analysis on VLO
About Valero Energy
Valero Energy Corporation is an international refiner and producer of transportation fuels and other petroleum products, headquartered in San Antonio, Texas. Its refining business processes crude oil and other feedstocks into products such as gasoline, diesel, jet fuel, asphalt and petrochemical feedstocks.
The company markets and distributes fuels to wholesale customers and through branded distribution networks. Its refining operations span the United States, Canada and the United Kingdom, with products serving customers in North America and other markets.
Valero also produces renewable fuels, including ethanol and renewable diesel.
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