SteelPeak Wealth LLC reduced its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 11.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,616 shares of the oil and gas company's stock after selling 6,090 shares during the period. SteelPeak Wealth LLC's holdings in Valero Energy were worth $6,160,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. EdgeRock Capital LLC bought a new stake in Valero Energy during the second quarter valued at about $27,000. Lynx Investment Advisory bought a new stake in Valero Energy during the 2nd quarter valued at approximately $29,000. Summit Securities Group LLC bought a new stake in Valero Energy during the 2nd quarter valued at approximately $31,000. Pathway Financial Advisers LLC purchased a new position in Valero Energy in the 1st quarter worth approximately $33,000. Finally, Compagnie Lombard Odier SCmA bought a new stake in shares of Valero Energy during the third quarter valued at approximately $34,000. 78.69% of the stock is currently owned by institutional investors.
Valero Energy Trading Up 1.0 %
NYSE:VLO traded up $1.22 during trading hours on Wednesday, reaching $129.10. 936,782 shares of the stock were exchanged, compared to its average volume of 2,977,712. Valero Energy Co. has a twelve month low of $119.88 and a twelve month high of $184.79. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average of $137.62 and a two-hundred day moving average of $149.13. The company has a market capitalization of $41.36 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 3.45 and a beta of 1.39.
Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly 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. Valero Energy had a net margin of 2.74% and a return on equity of 13.01%. The company had revenue of $32.88 billion during the quarter, compared to analysts' expectations of $31.04 billion. During the same quarter last year, the company posted $7.49 EPS. The firm's revenue was down 14.4% compared to the same quarter last year. On average, equities analysts predict that Valero Energy Co. will post 9.6 EPS for the current year.
Valero Energy Dividend Announcement
The company also recently declared 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. This represents a $4.28 dividend on an annualized basis and a yield of 3.32%. Valero Energy's dividend payout ratio is currently 38.39%.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. Scotiabank decreased their price objective on Valero Energy from $173.00 to $141.00 and set a "sector outperform" rating on the stock in a report on Thursday, October 10th. Wells Fargo & Company raised shares of Valero Energy from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $172.00 to $165.00 in a research note on Wednesday, October 9th. BMO Capital Markets reduced their target price on shares of Valero Energy from $175.00 to $165.00 and set an "outperform" rating on the stock in a research report on Friday, October 4th. Bank of America started coverage on Valero Energy in a research note on Thursday, October 17th. They issued a "neutral" rating and a $150.00 target price on the stock. Finally, Citigroup lowered their price target on shares of Valero Energy from $192.00 to $176.00 and set a "buy" rating on the stock in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $154.53.
Get Our Latest Analysis on Valero Energy
Valero Energy 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.
See Also
Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Co. (NYSE:VLO - Free Report).
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