O Brien Greene & Co. Inc lessened its stake in Valero Energy Corporation (NYSE:VLO – Free Report) by 3.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 46,984 shares of the oil and gas company’s stock after selling 1,642 shares during the quarter. Valero Energy makes up 5.3% of O Brien Greene & Co. Inc’s holdings, making the stock its 3rd largest holding. O Brien Greene & Co. Inc’s holdings in Valero Energy were worth $18,212,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. 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 valued at $27,000 after purchasing an additional 38 shares during the last quarter. Balance Wealth Partners LLC bought a new stake in Valero Energy during the 3rd quarter valued at about $32,000. Global Assets Advisory LLC purchased a new position in Valero Energy in the first quarter worth about $33,000. Latitude Advisors LLC purchased a new position in Valero Energy in the third quarter worth about $34,000. Finally, Mascoma Wealth Management LLC lifted its stake in shares of Valero Energy by 1,980.0% in the third quarter. Mascoma Wealth Management LLC now owns 104 shares of the oil and gas company’s stock worth $40,000 after buying an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.
Valero Energy Price Performance
Shares of NYSE:VLO opened at $350.17 on Wednesday. Valero Energy Corporation has a fifty-two week low of $159.90 and a fifty-two week high of $461.52. The business has a 50-day simple moving average of $399.49 and a two-hundred day simple moving average of $291.27. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.33 and a current ratio of 1.72. The firm has a market cap of $97.66 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 0.18 and a beta of 0.58.
Valero Energy (NYSE:VLO – Get Free Report) last posted 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 business had revenue of $46.10 billion for the quarter, compared to analysts’ expectations of $42.71 billion. Valero Energy had a net margin of 8.44% and a return on equity of 45.90%. The business’s revenue for the quarter was up 43.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.66 EPS. On average, analysts expect that Valero Energy Corporation will post 57.83 earnings per share for the current year.
Valero Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Tuesday, November 24th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, November 24th. Valero Energy’s payout ratio is presently 10.80%.
Valero Energy News Summary
Here are the key news stories impacting Valero Energy this week:
- Positive Sentiment: A recent analysis cited Valero’s access to lower-cost heavy crude, strong refining margins, balance sheet and valuation as reasons it may remain attractive. Valero Energy Surges 113% YTD: Should Investors Bet on the Momentum?
- Positive Sentiment: Zacks included VLO in its Strong Buy growth-stock selections, adding to the bullish analyst coverage from the prior day. Best Growth Stocks to Buy for November 9th
- Positive Sentiment: Another Zacks article named Valero among five growth stocks to consider, supporting the view that its refining performance could continue to benefit investors. Buy 5 Growth Stocks to Enhance Your Portfolio Returns in November
- Negative Sentiment: Cramer said Valero’s two-year refining-cycle rally may have run its course and advised shareholders to take profits before margins normalize further. This is an opinion-based sell call, not a change in the company’s reported fundamentals, but it may add near-term pressure to the stock. Cramer Recommends Selling Valero Energy Stock
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. BMO Capital Markets increased their price target on shares of Valero Energy from $455.00 to $505.00 and gave the company an “outperform” rating in a report on Monday, October 19th. Raymond James Financial raised their price target on shares of Valero Energy from $450.00 to $530.00 in a research report on Monday, October 19th. Piper Sandler boosted their price objective on shares of Valero Energy from $329.00 to $435.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Dbs Bank cut Valero Energy to a “hold” rating and set a $436.00 price objective on the stock. in a research report on Monday, October 19th. Finally, Evercore cut their target price on Valero Energy from $385.00 to $325.00 in a research note on Wednesday, October 28th. Three 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 issued a Sell rating to the company. According to MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and an average target price of $406.32.
Check Out Our Latest Stock Analysis on Valero Energy
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.
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