MML Investors Services LLC reduced its stake in Valero Energy Co. (NYSE:VLO - Free Report) by 19.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,246 shares of the oil and gas company's stock after selling 10,406 shares during the period. MML Investors Services LLC's holdings in Valero Energy were worth $5,839,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the stock. ORG Partners LLC bought a new position in Valero Energy during the 2nd quarter worth about $87,000. Envestnet Portfolio Solutions Inc. increased its holdings in Valero Energy by 3.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 19,449 shares of the oil and gas company's stock worth $3,049,000 after buying an additional 732 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in Valero Energy by 21.4% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 425 shares of the oil and gas company's stock valued at $63,000 after acquiring an additional 75 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Valero Energy by 4.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 263,004 shares of the oil and gas company's stock valued at $41,229,000 after acquiring an additional 11,078 shares during the period. Finally, Triad Wealth Partners LLC acquired a new position in shares of Valero Energy during the 2nd quarter worth about $39,000. 78.69% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on VLO. Citigroup cut their target price on shares of Valero Energy from $192.00 to $176.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Bank of America started coverage on Valero Energy in a research report on Thursday, October 17th. They issued a "neutral" rating and a $150.00 price objective for the company. Barclays decreased their target price on Valero Energy from $146.00 to $140.00 and set an "overweight" rating on the stock in a report on Monday, November 11th. BMO Capital Markets cut their price target on Valero Energy from $175.00 to $165.00 and set an "outperform" rating for the company in a report on Friday, October 4th. Finally, Wells Fargo & Company decreased their price objective on shares of Valero Energy from $165.00 to $160.00 and set an "overweight" rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $155.50.
Read Our Latest Stock Report on VLO
Valero Energy Price Performance
Shares of VLO traded down $0.54 during trading hours on Friday, hitting $129.14. 1,717,965 shares of the company were exchanged, compared to its average volume of 2,901,453. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a fifty-two week low of $124.02 and a fifty-two week high of $184.79. The company has a market cap of $40.88 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 2.50 and a beta of 1.39. The firm's fifty day moving average is $136.53 and its 200 day moving average is $143.65.
Valero Energy (NYSE:VLO - Get Free Report) last released its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.98 by $0.16. The firm had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business's quarterly revenue was down 14.4% compared to the same quarter last year. During the same period last year, the firm earned $7.49 EPS. On average, equities analysts anticipate that Valero Energy Co. will post 8.89 earnings per share for the current fiscal year.
Valero Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be given a dividend of $1.07 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.31%. Valero Energy's dividend payout ratio is currently 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.
Recommended Stories
Before you consider Valero Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Valero Energy wasn't on the list.
While Valero Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
