Valero Energy Corporation $VLO Stock: Mader & Shannon Wealth Management Inc. Reduces Holdings

Mader & Shannon Wealth Management Inc. lowered its position in shares of Valero Energy Corporation (NYSE:VLO) by 55.8% in the third quarter, HoldingsChannel.com reports. The firm owned 8,930 shares of the oil and gas company’s stock after selling 11,292 shares during the quarter. Valero Energy comprises 1.4% of Mader & Shannon Wealth Management Inc.’s holdings, making the stock its 20th largest position. Mader & Shannon Wealth Management Inc.’s holdings in Valero Energy were worth $3,461,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Blue Zone Wealth Advisors LLC grew its position in Valero Energy by 2.4% in the 3rd quarter. Blue Zone Wealth Advisors LLC now owns 1,027 shares of the oil and gas company’s stock valued at $398,000 after buying an additional 24 shares during the last quarter. Grove Bank & Trust grew its holdings in shares of Valero Energy by 1.0% during the third quarter. Grove Bank & Trust now owns 2,608 shares of the oil and gas company’s stock worth $1,011,000 after buying an additional 25 shares in the last quarter. Sigma Planning Corp increased its stake in Valero Energy by 0.4% in the third quarter. Sigma Planning Corp now owns 7,171 shares of the oil and gas company’s stock valued at $2,779,000 after purchasing an additional 29 shares during the last quarter. Modera Wealth Management LLC lifted its holdings in shares of Valero Energy by 3.7% during the 3rd quarter. Modera Wealth Management LLC now owns 956 shares of the oil and gas company’s stock worth $370,000 after acquiring an additional 34 shares during the period. Finally, Cornerstone Financial Management LLC boosted its holdings in shares of Valero Energy by 57.6% in the 2nd quarter. Cornerstone Financial Management LLC now owns 104 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. UBS Group reissued a “buy” rating and issued a $467.00 price objective (up from $355.00) on shares of Valero Energy in a research report on Tuesday, October 6th. Raymond James Financial upped their target price on Valero Energy from $450.00 to $530.00 in a research report on Monday, October 19th. The Goldman Sachs Group increased their target price on Valero Energy from $457.00 to $496.00 and gave the company a “buy” rating in a research note on Friday, October 9th. Morgan Stanley raised their target price on Valero Energy from $411.00 to $420.00 and gave the company an “equal weight” rating in a report on Monday, November 2nd. Finally, Piper Sandler upped their price target on Valero Energy from $329.00 to $435.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $406.32.

Valero Energy Price Performance

VLO traded down $4.94 on Friday, reaching $346.29. The company had a trading volume of 3,336,461 shares, compared to its average volume of 2,752,991. The company has a fifty day moving average of $399.61 and a 200-day moving average of $289.61. The company has a market capitalization of $99.71 billion, a P/E ratio of 7.79, a PEG ratio of 0.20 and a beta of 0.58. Valero Energy Corporation has a one year low of $159.90 and a one year high of $461.52. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.32.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $21.17 by $2.73. The business had revenue of $46.10 billion for the quarter, compared to analysts’ expectations of $42.71 billion. Valero Energy had a return on equity of 45.90% and a net margin of 8.44%. The company’s quarterly revenue was up 43.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.66 EPS. As a group, equities research analysts anticipate that Valero Energy Corporation will post 57.83 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Tuesday, November 24th will be given a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, November 24th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.4%. Valero Energy’s payout ratio is currently 10.80%.

Valero Energy Profile

Valero Energy Corporation is an international refiner and producer of transportation fuels and other petroleum products, headquartered in San Antonio, Texas. Its refining business processes crude oil and other feedstocks into products such as gasoline, diesel, jet fuel, asphalt and petrochemical feedstocks.

The company markets and distributes fuels to wholesale customers and through branded distribution networks. Its refining operations span the United States, Canada and the United Kingdom, with products serving customers in North America and other markets.

Valero also produces renewable fuels, including ethanol and renewable diesel.