Valero Energy Corporation $VLO Stock Bought by Plancorp LLC

Plancorp LLC grew its holdings in Valero Energy Corporation (NYSE:VLO) by 326.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,994 shares of the oil and gas company’s stock after acquiring an additional 2,292 shares during the period. Plancorp LLC’s holdings in Valero Energy were worth $1,197,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of VLO. Alps Advisors Inc. grew its stake in Valero Energy by 4.4% during the 3rd quarter. Alps Advisors Inc. now owns 9,749 shares of the oil and gas company’s stock worth $3,779,000 after purchasing an additional 408 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its position in Valero Energy by 20.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 11,765 shares of the oil and gas company’s stock valued at $4,560,000 after purchasing an additional 1,962 shares in the last quarter. Canvas Wealth Advisors LLC purchased a new position in shares of Valero Energy in the 3rd quarter valued at about $246,000. Asset One Wealth Management LLC grew its position in shares of Valero Energy by 16.1% during the third quarter. Asset One Wealth Management LLC now owns 1,626 shares of the oil and gas company’s stock worth $630,000 after buying an additional 225 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Valero Energy by 4.3% during the third quarter. International Assets Investment Management LLC now owns 2,763 shares of the oil and gas company’s stock worth $1,128,000 after buying an additional 113 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Valero Energy from $485.00 to $489.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. TD Cowen boosted their price target on shares of Valero Energy from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Thursday, October 22nd. Zacks Research raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Morgan Stanley increased their price objective on shares of Valero Energy from $411.00 to $420.00 and gave the company an “equal weight” rating in a research report on Monday, November 2nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Valero Energy from $339.00 to $439.00 and gave the company an “overweight” rating in a report on Thursday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $406.32.

Valero Energy Trading Down 1.4%

NYSE:VLO opened at $346.29 on Friday. The stock has a 50-day simple moving average of $399.61 and a 200-day simple moving average of $289.61. The stock has a market cap of $99.71 billion, a P/E ratio of 7.79, a P/E/G ratio of 0.18 and a beta of 0.58. Valero Energy Corporation has a 1 year low of $159.90 and a 1 year high of $461.52. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.33 and a current ratio of 1.72.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share for the quarter, topping the consensus estimate of $21.17 by $2.73. The business had revenue of $46.10 billion for the quarter, compared to analyst estimates of $42.71 billion. Valero Energy had a return on equity of 45.90% and a net margin of 8.44%. The business’s quarterly revenue was up 43.3% on a year-over-year basis. During the same quarter last year, the company earned $3.66 EPS. As a group, analysts anticipate that Valero Energy Corporation will post 57.83 earnings per share 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 paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, November 24th. Valero Energy’s dividend 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.