Entropy Technologies LP bought a new position in Valero Energy Co. (NYSE:VLO - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,030 shares of the oil and gas company's stock, valued at approximately $949,000.
Other institutional investors and hedge funds have also modified their holdings of the company. EdgeRock Capital LLC purchased a new stake in Valero Energy in the 2nd quarter worth approximately $27,000. Lynx Investment Advisory acquired a new stake in Valero Energy during the second quarter valued at $29,000. Pathway Financial Advisers LLC purchased a new position in Valero Energy in the first quarter valued at about $33,000. Summit Securities Group LLC purchased a new stake in shares of Valero Energy during the 2nd quarter worth about $31,000. Finally, First Foundation Advisors acquired a new stake in shares of Valero Energy during the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 78.69% of the company's stock.
Valero Energy Stock Performance
VLO traded down $0.57 during midday trading on Thursday, reaching $138.99. The company's stock had a trading volume of 1,031,405 shares, compared to its average volume of 2,945,596. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $135.62 and a 200 day simple moving average of $146.75. The stock has a market cap of $44.00 billion, a P/E ratio of 12.52, a PEG ratio of 2.51 and a beta of 1.39. Valero Energy Co. has a twelve month low of $120.21 and a twelve month high of $184.79.
Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.16. The business had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. Valero Energy's quarterly revenue was down 14.4% on a year-over-year basis. During the same quarter last year, the company posted $7.49 earnings per share. Research analysts expect that Valero Energy Co. will post 9.1 earnings per share for the current year.
Valero Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Wednesday, November 20th. Valero Energy's dividend payout ratio is currently 38.39%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on VLO shares. JPMorgan Chase & Co. dropped their price objective on Valero Energy from $172.00 to $151.00 and set an "overweight" rating on the stock in a report on Wednesday, October 2nd. StockNews.com lowered shares of Valero Energy from a "buy" rating to a "hold" rating in a research note on Wednesday, July 17th. The Goldman Sachs Group cut their price target on shares of Valero Energy from $149.00 to $131.00 and set a "sell" rating on the stock in a report on Monday, September 16th. TD Cowen decreased their price objective on shares of Valero Energy from $145.00 to $140.00 and set a "buy" rating for the company in a report on Friday, October 25th. Finally, Bank of America began coverage on Valero Energy in a report on Thursday, October 17th. They set a "neutral" rating and a $150.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Valero Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $155.86.
Read Our Latest Research Report on Valero Energy
Valero Energy Company Profile
(
Free Report)
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.
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