Ontario Teachers Pension Plan Board raised its position in Valero Energy Co. (NYSE:VLO - Free Report) by 256.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,716 shares of the oil and gas company's stock after acquiring an additional 14,902 shares during the period. Ontario Teachers Pension Plan Board's holdings in Valero Energy were worth $2,797,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. Lake Street Advisors Group LLC raised its holdings in shares of Valero Energy by 28.4% in the first quarter. Lake Street Advisors Group LLC now owns 3,145 shares of the oil and gas company's stock worth $537,000 after buying an additional 695 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of Valero Energy in the 1st quarter valued at $78,000. CreativeOne Wealth LLC raised its holdings in shares of Valero Energy by 71.7% during the first quarter. CreativeOne Wealth LLC now owns 10,321 shares of the oil and gas company's stock worth $1,762,000 after purchasing an additional 4,309 shares during the last quarter. Freestone Capital Holdings LLC purchased a new stake in Valero Energy in the first quarter valued at $773,000. Finally, Advisors Asset Management Inc. raised its stake in shares of Valero Energy by 0.7% during the 1st quarter. Advisors Asset Management Inc. now owns 85,143 shares of the oil and gas company's stock valued at $14,533,000 after buying an additional 574 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. The Goldman Sachs Group decreased their price target on Valero Energy from $149.00 to $131.00 and set a "sell" rating for the company in a report on Monday, September 16th. Piper Sandler cut Valero Energy from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $169.00 to $123.00 in a research report on Friday, September 20th. Bank of America started coverage on Valero Energy in a research report on Thursday, October 17th. They set a "neutral" rating and a $150.00 price target on the stock. Scotiabank reduced their target price on Valero Energy from $173.00 to $141.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. Finally, Mizuho dropped their price target on shares of Valero Energy from $175.00 to $171.00 and set an "outperform" rating on the stock in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $155.86.
Read Our Latest Stock Analysis on VLO
Valero Energy Price Performance
Shares of VLO traded up $0.26 during mid-day trading on Wednesday, hitting $141.20. The company's stock had a trading volume of 2,717,966 shares, compared to its average volume of 2,944,290. The firm has a 50-day simple moving average of $136.15 and a 200 day simple moving average of $146.15. Valero Energy Co. has a 1-year low of $120.21 and a 1-year high of $184.79. The firm has a market capitalization of $44.70 billion, a P/E ratio of 12.74, a P/E/G ratio of 2.69 and a beta of 1.39. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.
Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.16. The company had revenue of $32.88 billion during 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%. The company's revenue for the quarter was down 14.4% on a year-over-year basis. During the same period last year, the firm earned $7.49 EPS. Analysts predict that Valero Energy Co. will post 8.92 EPS for the current fiscal year.
Valero Energy Dividend Announcement
The company 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 $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.03%. The ex-dividend date is Wednesday, November 20th. Valero Energy's dividend payout ratio (DPR) is 38.39%.
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.
Further Reading
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
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
