Valero Energy Co. (NYSE:VLO) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lowered its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 68.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,850 shares of the oil and gas company's stock after selling 6,085 shares during the quarter. Axxcess Wealth Management LLC's holdings in Valero Energy were worth $385,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VLO. RKL Wealth Management LLC purchased a new position in shares of Valero Energy in the 3rd quarter valued at about $245,000. Atria Investments Inc grew its holdings in Valero Energy by 1.4% during the 3rd quarter. Atria Investments Inc now owns 44,597 shares of the oil and gas company's stock worth $6,022,000 after acquiring an additional 624 shares in the last quarter. Field & Main Bank increased its position in shares of Valero Energy by 3.1% in the 3rd quarter. Field & Main Bank now owns 7,850 shares of the oil and gas company's stock valued at $1,060,000 after purchasing an additional 235 shares during the last quarter. Kerusso Capital Management LLC lifted its position in shares of Valero Energy by 6.4% during the 3rd quarter. Kerusso Capital Management LLC now owns 11,051 shares of the oil and gas company's stock worth $1,492,000 after purchasing an additional 664 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its stake in shares of Valero Energy by 25.3% during the third quarter. Verdence Capital Advisors LLC now owns 11,928 shares of the oil and gas company's stock worth $1,611,000 after purchasing an additional 2,406 shares in the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VLO has been the subject of a number of recent analyst reports. Scotiabank decreased their price target on Valero Energy from $173.00 to $141.00 and set a "sector outperform" rating for the company in a report on Thursday, October 10th. Piper Sandler downgraded Valero Energy from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $169.00 to $123.00 in a research note on Friday, September 20th. Wells Fargo & Company raised shares of Valero Energy from an "equal weight" rating to an "overweight" rating and lowered their price objective for the stock from $172.00 to $165.00 in a research report on Wednesday, October 9th. Bank of America began coverage on shares of Valero Energy in a research note on Thursday, October 17th. They set a "neutral" rating and a $150.00 target price for the company. Finally, TD Cowen dropped their price target on Valero Energy from $145.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $155.86.

Valero Energy Price Performance

Shares of VLO stock traded up $0.46 during midday trading on Thursday, reaching $140.02. 2,483,496 shares of the company traded hands, compared to its average volume of 2,952,440. The firm has a market cap of $44.33 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 2.51 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The firm's 50 day simple moving average is $135.62 and its two-hundred day simple moving average is $146.75. Valero Energy Co. has a 1-year low of $120.21 and a 1-year high of $184.79.

Valero Energy (NYSE:VLO - Get Free Report) last posted its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The company had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. During the same period in the previous year, the business earned $7.49 earnings per share. Valero Energy's quarterly revenue was down 14.4% compared to the same quarter last year. On average, equities research analysts expect that Valero Energy Co. will post 9.1 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 annualized dividend and a yield of 3.06%. Valero Energy's dividend payout ratio (DPR) is currently 38.39%.

About Valero Energy

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.