First Trust Advisors LP decreased its holdings in shares of Valero Energy Co. (NYSE:VLO) by 72.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 147,483 shares of the oil and gas company’s stock after selling 390,489 shares during the period. First Trust Advisors LP’s holdings in Valero Energy were worth $6,389,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. National Asset Management Inc. grew its holdings in Valero Energy by 0.9% during the 2nd quarter. National Asset Management Inc. now owns 21,435 shares of the oil and gas company’s stock worth $1,262,000 after acquiring an additional 181 shares during the period. Covenant Asset Management LLC raised its holdings in shares of Valero Energy by 1.8% in the 2nd quarter. Covenant Asset Management LLC now owns 11,112 shares of the oil and gas company’s stock valued at $654,000 after purchasing an additional 193 shares during the period. Sunbelt Securities Inc. raised its holdings in shares of Valero Energy by 0.6% in the 2nd quarter. Sunbelt Securities Inc. now owns 32,100 shares of the oil and gas company’s stock valued at $1,888,000 after purchasing an additional 206 shares during the period. Princeton Capital Management LLC raised its holdings in shares of Valero Energy by 3.0% in the 2nd quarter. Princeton Capital Management LLC now owns 7,218 shares of the oil and gas company’s stock valued at $425,000 after purchasing an additional 207 shares during the period. Finally, Altium Wealth Management LLC grew its stake in Valero Energy by 4.2% in the 3rd quarter. Altium Wealth Management LLC now owns 6,690 shares of the oil and gas company’s stock valued at $290,000 after buying an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 73.55% of the company’s stock.
Shares of VLO stock opened at $50.82 on Friday. The company’s 50-day moving average is $42.87 and its 200 day moving average is $53.52. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.01 and a current ratio of 1.75. The company has a market capitalization of $20.72 billion, a price-to-earnings ratio of 19.62 and a beta of 1.89. Valero Energy Co. has a one year low of $31.00 and a one year high of $99.72.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Wednesday, November 18th will be issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a yield of 7.71%. The ex-dividend date is Tuesday, November 17th. Valero Energy’s dividend payout ratio (DPR) is currently 68.77%.
Several equities analysts recently commented on VLO shares. Morgan Stanley dropped their price objective on shares of Valero Energy from $68.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, October 19th. ValuEngine raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, September 22nd. Credit Suisse Group reissued a “buy” rating on shares of Valero Energy in a research note on Wednesday, September 30th. Barclays reduced their price target on shares of Valero Energy from $71.00 to $62.00 and set an “overweight” rating for the company in a report on Tuesday, October 6th. Finally, CSFB reiterated a “buy” rating on shares of Valero Energy in a report on Wednesday, September 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $65.36.
Valero Energy Company Profile
Valero Energy Corporation manufactures and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and Renewable Diesel. The company is involved in oil and gas refining, marketing, and bulk selling activities.
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