Valero Energy Corporation $VLO Stake Reduced by Vigilare Wealth Management

Vigilare Wealth Management lessened its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 47.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,426 shares of the oil and gas company’s stock after selling 1,313 shares during the quarter. Vigilare Wealth Management’s holdings in Valero Energy were worth $553,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of VLO. Balance Wealth Partners LLC bought a new position in Valero Energy during the third quarter worth $32,000. Latitude Advisors LLC acquired a new position in shares of Valero Energy in the third quarter valued at $34,000. Cornerstone Financial Management LLC raised its position in shares of Valero Energy by 57.6% in the second 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 period. Mascoma Wealth Management LLC raised its position in shares of Valero Energy by 1,980.0% in the third quarter. Mascoma Wealth Management LLC now owns 104 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 99 shares during the period. Finally, Whipplewood Advisors LLC lifted its stake in shares of Valero Energy by 3,400.0% during the 1st quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock worth $26,000 after buying an additional 102 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Up 0.1%

Shares of VLO opened at $400.04 on Monday. The firm has a 50 day simple moving average of $397.64 and a two-hundred day simple moving average of $285.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.72 and a quick ratio of 1.33. Valero Energy Corporation has a one year low of $159.90 and a one year high of $461.52. The company has a market cap of $115.18 billion, a P/E ratio of 9.00, a P/E/G ratio of 0.21 and a beta of 0.58.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $21.17 by $2.73. The firm 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 business’s revenue for the quarter was up 43.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.66 earnings per share. Research analysts forecast that Valero Energy Corporation will post 57.42 EPS for the current fiscal 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. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, November 24th. Valero Energy’s payout ratio is 10.80%.

Analyst Ratings Changes

A number of brokerages recently commented on VLO. TD Cowen upped their price target on shares of Valero Energy from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Thursday, October 22nd. Barclays raised their price objective on shares of Valero Energy from $441.00 to $443.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Piper Sandler boosted their price objective on Valero Energy from $329.00 to $435.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Bank of America increased their target price on Valero Energy from $395.00 to $414.00 and gave the stock a “neutral” rating in a research note on Friday, October 2nd. Finally, Wells Fargo & Company increased their target price on Valero Energy from $485.00 to $489.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned 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, Valero Energy has an average rating of “Moderate Buy” and an average target price of $379.94.

About Valero Energy

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company’s primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.

Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.

In addition to conventional refining, Valero has businesses focused on renewable fuels.