Creative Planning reduced its stake in shares of Valero Energy Co. (NYSE:VLO) by 9.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 58,364 shares of the oil and gas company’s stock after selling 5,909 shares during the period. Creative Planning’s holdings in Valero Energy were worth $4,975,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of VLO. Investors Research Corp grew its holdings in Valero Energy by 4.4% in the third quarter. Investors Research Corp now owns 2,730 shares of the oil and gas company’s stock worth $233,000 after purchasing an additional 116 shares during the period. Liberty Wealth Management LLC lifted its stake in shares of Valero Energy by 18.4% in the third quarter. Liberty Wealth Management LLC now owns 754 shares of the oil and gas company’s stock worth $64,000 after buying an additional 117 shares in the last quarter. Adirondack Trust Co. lifted its stake in shares of Valero Energy by 27.1% in the third quarter. Adirondack Trust Co. now owns 610 shares of the oil and gas company’s stock worth $52,000 after buying an additional 130 shares in the last quarter. Wealth Architects LLC lifted its stake in shares of Valero Energy by 4.4% in the second quarter. Wealth Architects LLC now owns 3,226 shares of the oil and gas company’s stock worth $276,000 after buying an additional 136 shares in the last quarter. Finally, Smithfield Trust Co. lifted its stake in shares of Valero Energy by 7.0% in the third quarter. Smithfield Trust Co. now owns 2,114 shares of the oil and gas company’s stock worth $181,000 after buying an additional 139 shares in the last quarter. 76.11% of the stock is owned by institutional investors.
VLO has been the topic of several analyst reports. Goldman Sachs Group set a $104.00 target price on shares of Valero Energy and gave the stock a “buy” rating in a research note on Friday, October 25th. ValuEngine downgraded shares of Valero Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. dropped their target price on shares of Valero Energy from $96.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 10th. Royal Bank of Canada set a $99.00 target price on shares of Valero Energy and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Co upped their target price on shares of Valero Energy from $107.00 to $108.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Valero Energy presently has a consensus rating of “Buy” and an average target price of $103.22.
Valero Energy stock traded down $1.09 during midday trading on Friday, reaching $100.31. 86,903 shares of the company traded hands, compared to its average volume of 3,177,869. The firm has a market capitalization of $41.89 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 2.62 and a beta of 1.49. The business has a 50 day moving average of $90.39 and a two-hundred day moving average of $83.21. Valero Energy Co. has a 12 month low of $68.81 and a 12 month high of $101.99. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.42 and a quick ratio of 0.92.
Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.13. The company had revenue of $27.25 billion for the quarter, compared to the consensus estimate of $25.93 billion. Valero Energy had a net margin of 2.12% and a return on equity of 10.31%. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.01 earnings per share. As a group, equities analysts forecast that Valero Energy Co. will post 4.83 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 20th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $3.60 dividend on an annualized basis and a yield of 3.59%. Valero Energy’s dividend payout ratio (DPR) is 48.85%.
Valero Energy Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.
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