River Wealth Advisors LLC decreased its position in Valero Energy Co. (NYSE:VLO) by 23.8% during the third quarter, HoldingsChannel.com reports. The firm owned 2,318 shares of the oil and gas company’s stock after selling 725 shares during the quarter. River Wealth Advisors LLC’s holdings in Valero Energy were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Cleararc Capital Inc. raised its position in shares of Valero Energy by 57.8% in the second quarter. Cleararc Capital Inc. now owns 40,728 shares of the oil and gas company’s stock valued at $4,514,000 after purchasing an additional 14,913 shares during the period. Community Bank & Trust Waco Texas raised its position in shares of Valero Energy by 7.6% in the third quarter. Community Bank & Trust Waco Texas now owns 35,570 shares of the oil and gas company’s stock valued at $4,046,000 after purchasing an additional 2,505 shares during the period. Bailard Inc. raised its position in shares of Valero Energy by 62.1% in the second quarter. Bailard Inc. now owns 4,405 shares of the oil and gas company’s stock valued at $488,000 after purchasing an additional 1,687 shares during the period. Vanguard Capital Wealth Advisors bought a new position in shares of Valero Energy in the third quarter valued at approximately $289,000. Finally, Reilly Financial Advisors LLC raised its position in shares of Valero Energy by 1,164.4% in the third quarter. Reilly Financial Advisors LLC now owns 1,315 shares of the oil and gas company’s stock valued at $150,000 after purchasing an additional 1,211 shares during the period. 77.72% of the stock is currently owned by institutional investors.

Shares of Valero Energy stock opened at $78.41 on Tuesday. The firm has a market capitalization of $35.62 billion, a PE ratio of 15.81, a P/E/G ratio of 0.69 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.59. Valero Energy Co. has a 1 year low of $79.53 and a 1 year high of $126.98.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 25th. The oil and gas company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.06. Valero Energy had a net margin of 3.96% and a return on equity of 11.90%. The business had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $31.82 billion. On average, sell-side analysts anticipate that Valero Energy Co. will post 6.48 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Tuesday, November 20th will be paid a dividend of $0.80 per share. The ex-dividend date is Monday, November 19th. This represents a $3.20 dividend on an annualized basis and a yield of 4.08%. Valero Energy’s dividend payout ratio is currently 64.52%.

VLO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Valero Energy from $128.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, July 27th. Morgan Stanley lifted their price target on shares of Valero Energy from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, July 31st. Mizuho assumed coverage on shares of Valero Energy in a research note on Wednesday, August 1st. They issued a “neutral” rating and a $125.00 price objective on the stock. ValuEngine downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Finally, Citigroup raised their price objective on shares of Valero Energy from $125.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, September 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $119.47.

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About Valero Energy

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. 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. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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