Banque Cantonale Vaudoise lessened its stake in Valero Energy Co. (NYSE:VLO - Free Report) by 20.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,773 shares of the oil and gas company's stock after selling 4,128 shares during the quarter. Banque Cantonale Vaudoise's holdings in Valero Energy were worth $2,129,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Fifth Third Wealth Advisors LLC lifted its position in shares of Valero Energy by 3.2% during the third quarter. Fifth Third Wealth Advisors LLC now owns 10,870 shares of the oil and gas company's stock valued at $1,468,000 after purchasing an additional 340 shares in the last quarter. Prospera Financial Services Inc grew its position in shares of Valero Energy by 3.3% during the 3rd quarter. Prospera Financial Services Inc now owns 11,350 shares of the oil and gas company's stock valued at $1,534,000 after acquiring an additional 363 shares during the period. Quest Partners LLC purchased a new stake in shares of Valero Energy during the 3rd quarter worth approximately $134,000. Thrivent Financial for Lutherans raised its holdings in shares of Valero Energy by 126.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 46,649 shares of the oil and gas company's stock worth $6,299,000 after purchasing an additional 26,044 shares during the period. Finally, Claro Advisors LLC grew its holdings in Valero Energy by 69.7% during the third quarter. Claro Advisors LLC now owns 5,266 shares of the oil and gas company's stock valued at $711,000 after purchasing an additional 2,162 shares during the period. Hedge funds and other institutional investors own 78.69% of the company's stock.
Valero Energy Stock Performance
Valero Energy stock opened at $141.20 on Thursday. The firm has a fifty day simple moving average of $136.32 and a two-hundred day simple moving average of $146.12. Valero Energy Co. has a twelve month low of $120.21 and a twelve month high of $184.79. The company has a market capitalization of $44.70 billion, a PE ratio of 12.66, a P/E/G ratio of 2.65 and a beta of 1.39. 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 (NYSE:VLO - Get Free Report) last announced its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 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 return on equity of 13.07% and a net margin of 2.74%. The firm's revenue for the quarter was down 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.49 earnings per share. Research analysts expect that Valero Energy Co. will post 8.92 EPS for the current year.
Valero Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders 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 3.03%. The ex-dividend date is Wednesday, November 20th. Valero Energy's payout ratio is 38.39%.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on VLO shares. Scotiabank cut their price target 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. 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. BMO Capital Markets reduced their price objective on shares of Valero Energy from $175.00 to $165.00 and set an "outperform" rating for the company in a research note on Friday, October 4th. Wells Fargo & Company upgraded Valero Energy from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $172.00 to $165.00 in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group dropped their price objective on Valero Energy from $149.00 to $131.00 and set a "sell" rating on the stock in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $155.86.
Check Out Our Latest Analysis on Valero Energy
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.
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