Tidal Investments LLC Has $4.35 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

Tidal Investments LLC decreased its position in Valero Energy Co. (NYSE:VLO - Free Report) by 19.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,234 shares of the oil and gas company's stock after selling 7,553 shares during the quarter. Tidal Investments LLC's holdings in Valero Energy were worth $4,353,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in shares of Valero Energy by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,287,269 shares of the oil and gas company's stock valued at $1,389,090,000 after buying an additional 50,837 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Valero Energy by 2.8% during the second quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company's stock valued at $1,090,532,000 after purchasing an additional 192,397 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Valero Energy by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company's stock valued at $677,007,000 after purchasing an additional 237,347 shares in the last quarter. Pacer Advisors Inc. lifted its position in Valero Energy by 18.8% in the third quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company's stock worth $484,105,000 after purchasing an additional 567,059 shares during the period. Finally, Wellington Management Group LLP increased its holdings in Valero Energy by 4,908.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company's stock valued at $384,907,000 after buying an additional 2,793,607 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Price Performance

Shares of Valero Energy stock traded down $0.54 during midday trading on Friday, reaching $129.14. The company had a trading volume of 1,717,977 shares, compared to its average volume of 2,252,146. The stock has a fifty day simple moving average of $136.27 and a 200 day simple moving average of $143.42. Valero Energy Co. has a 1-year low of $124.02 and a 1-year high of $184.79. 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 market capitalization of $40.88 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 2.43 and a beta of 1.39.

Valero Energy (NYSE:VLO - Get Free Report) last released its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, topping 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 return on equity of 13.07% and a net margin of 2.74%. The firm's quarterly revenue was down 14.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.49 earnings per share. As a group, equities research analysts forecast that Valero Energy Co. will post 8.86 earnings per share for the current year.

Valero Energy Announces Dividend

The firm 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 dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Wednesday, November 20th. Valero Energy's dividend payout ratio (DPR) is 38.39%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Mizuho decreased their target price on shares of Valero Energy from $175.00 to $171.00 and set an "outperform" rating on the stock in a research report on Monday, September 16th. Wells Fargo & Company lowered their price objective on Valero Energy from $165.00 to $160.00 and set an "overweight" rating on the stock in a research note on Monday, December 9th. Barclays cut their target price on Valero Energy from $146.00 to $140.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. Bank of America started coverage on Valero Energy in a research note on Thursday, October 17th. They set a "neutral" rating and a $150.00 price objective for the company. Finally, BMO Capital Markets lowered their target price on shares of Valero Energy from $175.00 to $165.00 and set an "outperform" rating on the stock in a report on Friday, October 4th. 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $155.50.

Valero Energy Profile

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.