Janney Montgomery Scott LLC reduced its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 26.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,630 shares of the oil and gas company's stock after selling 27,833 shares during the quarter. Janney Montgomery Scott LLC's holdings in Valero Energy were worth $10,212,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Manning & Napier Advisors LLC acquired a new stake in Valero Energy in the 2nd quarter worth about $15,945,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Valero Energy by 1.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,293,589 shares of the oil and gas company's stock valued at $174,673,000 after buying an additional 22,571 shares during the period. 180 Wealth Advisors LLC acquired a new stake in Valero Energy during the second quarter worth about $535,000. UniSuper Management Pty Ltd lifted its holdings in Valero Energy by 223.1% in the first quarter. UniSuper Management Pty Ltd now owns 10,796 shares of the oil and gas company's stock worth $1,843,000 after acquiring an additional 7,455 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of Valero Energy by 23.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 42,716 shares of the oil and gas company's stock valued at $6,696,000 after purchasing an additional 8,198 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.
Analysts Set New Price Targets
Several analysts have weighed in on the company. The Goldman Sachs Group cut their target price on Valero Energy from $149.00 to $131.00 and set a "sell" rating on the stock in a research note on Monday, September 16th. Scotiabank dropped their price target on Valero Energy from $173.00 to $141.00 and set a "sector outperform" rating on the stock in a research report on Thursday, October 10th. BMO Capital Markets reduced their target price on shares of Valero Energy from $175.00 to $165.00 and set an "outperform" rating for the company in a research note on Friday, October 4th. Citigroup cut their price objective on Valero Energy from $192.00 to $176.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Finally, Wells Fargo & Company raised Valero Energy from an "equal weight" rating to an "overweight" rating and dropped their price target for the stock from $172.00 to $165.00 in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $156.29.
View Our Latest Analysis on Valero Energy
Valero Energy Price Performance
NYSE VLO traded up $0.01 during trading hours on Friday, reaching $136.12. 812,678 shares of the stock traded hands, compared to its average volume of 2,964,498. The stock has a 50 day simple moving average of $136.20 and a two-hundred day simple moving average of $147.77. Valero Energy Co. has a 1 year low of $119.88 and a 1 year high of $184.79. 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 company has a market cap of $43.09 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 2.51 and a beta of 1.39.
Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, beating 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 business had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. During the same quarter last year, the business posted $7.49 earnings per share. The company's revenue for the quarter was down 14.4% on a year-over-year basis. On average, analysts predict that Valero Energy Co. will post 9.21 EPS for the current fiscal year.
Valero Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.14%. Valero Energy's payout ratio is presently 38.39%.
About Valero Energy
(
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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