Cetera Advisors LLC lowered its holdings in Valero Energy Co. (NYSE:VLO – Free Report) by 16.5% during the second quarter, Holdings Channel.com reports. The firm owned 11,670 shares of the oil and gas company’s stock after selling 2,310 shares during the period. Cetera Advisors LLC’s holdings in Valero Energy were worth $1,369,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Shelton Wealth Management LLC boosted its stake in Valero Energy by 3.6% in the second quarter. Shelton Wealth Management LLC now owns 2,279 shares of the oil and gas company’s stock worth $267,000 after purchasing an additional 79 shares in the last quarter. Grove Bank & Trust boosted its stake in Valero Energy by 3.0% in the second quarter. Grove Bank & Trust now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after purchasing an additional 82 shares in the last quarter. WealthPLAN Partners LLC boosted its stake in Valero Energy by 11.0% in the second quarter. WealthPLAN Partners LLC now owns 858 shares of the oil and gas company’s stock worth $101,000 after purchasing an additional 85 shares in the last quarter. Forum Financial Management LP raised its position in shares of Valero Energy by 1.4% during the second quarter. Forum Financial Management LP now owns 6,270 shares of the oil and gas company’s stock worth $735,000 after acquiring an additional 86 shares during the last quarter. Finally, Peddock Capital Advisors LLC raised its position in shares of Valero Energy by 0.9% during the second quarter. Peddock Capital Advisors LLC now owns 9,746 shares of the oil and gas company’s stock worth $1,143,000 after acquiring an additional 87 shares during the last quarter. Institutional investors and hedge funds own 77.07% of the company’s stock.
Wall Street Analysts Forecast Growth
VLO has been the subject of a number of recent research reports. Tudor Pickering upgraded Valero Energy from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Monday, July 31st. Tudor, Pickering, Holt & Co. downgraded Valero Energy from a “buy” rating to a “hold” rating and dropped their target price for the stock from $150.00 to $130.00 in a research report on Monday, October 30th. Barclays boosted their target price on Valero Energy from $142.00 to $144.00 in a research report on Tuesday, October 3rd. Piper Sandler boosted their target price on Valero Energy from $168.00 to $171.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 3rd. Finally, Bank of America boosted their target price on Valero Energy from $152.00 to $161.00 and gave the stock a “neutral” rating in a research report on Monday, September 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $153.64.
Valero Energy Trading Up 0.5 %
NYSE VLO opened at $124.74 on Tuesday. The firm has a market cap of $42.47 billion, a P/E ratio of 4.25, a P/E/G ratio of 0.82 and a beta of 1.57. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.51 and a quick ratio of 1.08. The stock’s 50-day moving average is $132.15 and its 200-day moving average is $124.45. Valero Energy Co. has a one year low of $104.18 and a one year high of $152.20.
Valero Energy (NYSE:VLO – Get Free Report) last released its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $7.49 EPS for the quarter, topping analysts’ consensus estimates of $7.36 by $0.13. The company had revenue of $38.40 billion for the quarter, compared to analyst estimates of $38.46 billion. Valero Energy had a return on equity of 39.97% and a net margin of 7.11%. Valero Energy’s revenue was down 13.6% compared to the same quarter last year. During the same quarter last year, the firm posted $7.14 earnings per share. Sell-side analysts anticipate that Valero Energy Co. will post 24.91 earnings per share for the current fiscal year.
Valero Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, November 17th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Thursday, November 16th. Valero Energy’s dividend payout ratio is currently 13.91%.
Valero Energy Company Profile
Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending and Conventional Blendstock for Oxygenate Blending gasolines, CARB diesel, diesel, jet fuel, and asphalt; aromatics; and sulfur crude oils.
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