Valero Energy Co. (NYSE:VLO) Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. lowered its position in Valero Energy Co. (NYSE:VLO - Free Report) by 36.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,297 shares of the oil and gas company's stock after selling 8,314 shares during the period. iA Global Asset Management Inc.'s holdings in Valero Energy were worth $1,931,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. EdgeRock Capital LLC acquired a new position in shares of Valero Energy during the 2nd quarter worth approximately $27,000. Peterson Financial Group Inc. acquired a new position in Valero Energy in the 3rd quarter valued at $28,000. Summit Securities Group LLC acquired a new position in Valero Energy in the 2nd quarter valued at $31,000. Compagnie Lombard Odier SCmA acquired a new position in Valero Energy in the 3rd quarter valued at $34,000. Finally, True Wealth Design LLC raised its stake in Valero Energy by 196.8% in the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company's stock valued at $37,000 after purchasing an additional 183 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on VLO. BMO Capital Markets reduced their price objective on Valero Energy from $175.00 to $165.00 and set an "outperform" rating for the company in a research note on Friday, October 4th. Barclays dropped their target price on Valero Energy from $146.00 to $140.00 and set an "overweight" rating for the company in a report on Monday, November 11th. Scotiabank dropped their target price on Valero Energy from $173.00 to $141.00 and set a "sector outperform" rating for the company in a report on Thursday, October 10th. The Goldman Sachs Group dropped their target price on Valero Energy from $149.00 to $131.00 and set a "sell" rating for the company in a report on Monday, September 16th. Finally, Mizuho dropped their target price on Valero Energy from $175.00 to $171.00 and set an "outperform" rating for the company in a report on Monday, September 16th. One research 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 data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $155.50.

Valero Energy Stock Up 2.3 %

VLO stock traded up $3.05 during mid-day trading on Monday, reaching $134.57. The company had a trading volume of 2,729,965 shares, compared to its average volume of 2,913,333. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The company has a market capitalization of $42.60 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 2.47 and a beta of 1.40. The firm has a fifty day simple moving average of $136.97 and a 200 day simple moving average of $144.03. Valero Energy Co. has a fifty-two week low of $120.21 and a fifty-two week high of $184.79.

Valero Energy (NYSE:VLO - Get Free Report) last issued its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.16. The business had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The business's quarterly revenue was down 14.4% on a year-over-year basis. During the same quarter last year, the company earned $7.49 EPS. Analysts forecast that Valero Energy Co. will post 8.89 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.18%. Valero Energy's dividend payout ratio (DPR) is currently 38.39%.

Valero Energy Company 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.