Fortem Financial Group LLC Boosts Stock Position in Valero Energy Co. (NYSE:VLO)

Fortem Financial Group LLC grew its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 85.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,572 shares of the oil and gas company's stock after buying an additional 4,879 shares during the quarter. Fortem Financial Group LLC's holdings in Valero Energy were worth $1,428,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in Valero Energy by 1.8% during 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 last quarter. 180 Wealth Advisors LLC bought a new position in shares of Valero Energy during the second quarter valued at approximately $535,000. Captrust Financial Advisors boosted its stake in shares of Valero Energy by 7.5% during the 3rd quarter. Captrust Financial Advisors now owns 89,762 shares of the oil and gas company's stock valued at $12,121,000 after purchasing an additional 6,278 shares in the last quarter. HITE Hedge Asset Management LLC boosted its position in Valero Energy by 136.1% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 75,117 shares of the oil and gas company's stock valued at $10,143,000 after acquiring an additional 43,299 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Valero Energy by 2.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company's stock worth $1,090,532,000 after acquiring an additional 192,397 shares during the period. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Performance

NYSE VLO traded up $0.97 during trading hours on Wednesday, hitting $133.29. 2,326,827 shares of the company's stock traded hands, compared to its average volume of 2,909,804. 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 Co. has a 52 week low of $120.21 and a 52 week high of $184.79. The firm has a market capitalization of $42.20 billion, a P/E ratio of 11.84, a P/E/G ratio of 2.47 and a beta of 1.40. The business's fifty day moving average price is $136.87 and its two-hundred day moving average price is $143.82.

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, topping 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 during the quarter, compared to analysts' expectations of $31.04 billion. During the same quarter in the prior year, the business posted $7.49 earnings per share. The business's quarterly revenue was down 14.4% on a year-over-year basis. Equities research analysts predict that Valero Energy Co. will post 8.89 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a yield of 3.21%. Valero Energy's dividend payout ratio is presently 38.39%.

Analyst Ratings Changes

VLO has been the topic of several research reports. Wells Fargo & Company dropped their price target on Valero Energy from $165.00 to $160.00 and set an "overweight" rating on the stock in a research report on Monday. The Goldman Sachs Group cut their price objective on shares of Valero Energy from $149.00 to $131.00 and set a "sell" rating on the stock in a report on Monday, September 16th. TD Cowen dropped their price target on Valero Energy from $145.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Barclays lowered their price objective on Valero Energy from $146.00 to $140.00 and set an "overweight" rating for the company in a research note on Monday, November 11th. Finally, Citigroup reduced their price target on Valero Energy from $192.00 to $176.00 and set a "buy" rating for the company in a report on Friday, October 25th. 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's stock. According to MarketBeat.com, Valero Energy 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.