EWG Elevate Inc. acquired a new position in Valero Energy Co. (NYSE:VLO – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,572 shares of the oil and gas company’s stock, valued at approximately $438,000.
A number of other institutional investors have also recently bought and sold shares of the business. Peterson Financial Group Inc. bought a new stake in Valero Energy during the third quarter worth about $28,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Valero Energy in the 3rd quarter valued at approximately $34,000. True Wealth Design LLC lifted its holdings in shares of Valero Energy by 196.8% during the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 183 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of Valero Energy during the 3rd quarter worth approximately $38,000. Finally, Ashton Thomas Securities LLC bought a new position in Valero Energy in the third quarter valued at approximately $50,000. Institutional investors own 78.69% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on VLO. JPMorgan Chase & Co. reduced their target price on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Mizuho reduced their price objective on Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Bank of America initiated coverage on Valero Energy in a research report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 target price on the stock. Scotiabank dropped their target price on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, The Goldman Sachs Group decreased their price target on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $154.57.
Valero Energy Stock Performance
Shares of Valero Energy stock opened at $127.27 on Monday. The stock has a market cap of $40.29 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of 2.43 and a beta of 1.42. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a twelve month low of $116.84 and a twelve month high of $184.79. The company’s fifty day moving average is $130.99 and its 200 day moving average is $138.89.
Valero Energy (NYSE:VLO – Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.16. The company had revenue of $32.88 billion during the quarter, compared to analysts’ expectations of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The business’s quarterly revenue was down 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.49 earnings per share. Sell-side analysts forecast that Valero Energy Co. will post 8.86 EPS for the current year.
Valero Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Wednesday, November 20th were paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date was Wednesday, November 20th. Valero Energy’s dividend payout ratio is presently 38.39%.
Valero Energy Company Profile
Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.
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