StoneX Group Inc. cut its position in Valero Energy Corporation (NYSE:VLO – Free Report) by 34.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 11,026 shares of the oil and gas company’s stock after selling 5,850 shares during the quarter. StoneX Group Inc.’s holdings in Valero Energy were worth $4,254,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. Blue Zone Wealth Advisors LLC increased its holdings in shares of Valero Energy by 2.4% during the third quarter. Blue Zone Wealth Advisors LLC now owns 1,027 shares of the oil and gas company’s stock worth $398,000 after buying an additional 24 shares in the last quarter. Grove Bank & Trust boosted its holdings in shares of Valero Energy by 1.0% in the 3rd quarter. Grove Bank & Trust now owns 2,608 shares of the oil and gas company’s stock worth $1,011,000 after acquiring an additional 25 shares in the last quarter. Sigma Planning Corp boosted its holdings in shares of Valero Energy by 0.4% in the 3rd quarter. Sigma Planning Corp now owns 7,171 shares of the oil and gas company’s stock worth $2,779,000 after acquiring an additional 29 shares in the last quarter. Modera Wealth Management LLC grew its position in Valero Energy by 3.7% during the 3rd quarter. Modera Wealth Management LLC now owns 956 shares of the oil and gas company’s stock worth $370,000 after acquiring an additional 34 shares during the last quarter. Finally, Cornerstone Financial Management LLC grew 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 worth $27,000 after acquiring an additional 38 shares during the last quarter. 78.69% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
VLO has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price objective on Valero Energy from $457.00 to $496.00 and gave the company a “buy” rating in a research report on Friday, October 9th. Citigroup increased their target price on Valero Energy from $485.00 to $490.00 and gave the stock a “neutral” rating in a report on Friday, October 23rd. Dbs Bank lowered Valero Energy to a “hold” rating and set a $436.00 target price for the company. in a research note on Monday, October 19th. Mizuho lifted their price target on Valero Energy from $434.00 to $436.00 and gave the company a “neutral” rating in a report on Monday, November 2nd. Finally, Zacks Research upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and an average price target of $406.32.
Read Our Latest Stock Analysis on VLO
Valero Energy Price Performance
VLO opened at $346.29 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.72 and a quick ratio of 1.33. The stock has a market capitalization of $99.71 billion, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 0.18 and a beta of 0.58. The company’s 50 day simple moving average is $399.61 and its 200-day simple moving average is $289.61. Valero Energy Corporation has a one year low of $159.90 and a one year high of $461.52.
Valero Energy (NYSE:VLO – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share for the quarter, topping the consensus estimate of $21.17 by $2.73. Valero Energy had a net margin of 8.44% and a return on equity of 45.90%. The firm had revenue of $46.10 billion during the quarter, compared to analysts’ expectations of $42.71 billion. During the same quarter in the previous year, the company posted $3.66 EPS. Valero Energy’s revenue was up 43.3% on a year-over-year basis. Sell-side analysts anticipate that Valero Energy Corporation will post 57.83 earnings per share for the current fiscal year.
Valero Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Tuesday, November 24th will be given a dividend of $1.20 per share. The ex-dividend date is Tuesday, November 24th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.4%. Valero Energy’s payout ratio is presently 10.80%.
Valero Energy Company Profile
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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