Y Intercept Hong Kong Ltd Sells 7,103 Shares of Valero Energy Co. (NYSE:VLO)

Y Intercept Hong Kong Ltd trimmed its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 18.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,978 shares of the oil and gas company's stock after selling 7,103 shares during the period. Y Intercept Hong Kong Ltd's holdings in Valero Energy were worth $4,183,000 at the end of the most recent reporting period.

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

Valero Energy Stock Up 2.3 %

VLO stock traded up $3.05 during trading on Monday, hitting $134.57. 2,729,965 shares of the stock traded hands, compared to its average volume of 2,913,333. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The stock has a market cap 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. Valero Energy Co. has a 1 year low of $120.21 and a 1 year high of $184.79. The firm's 50 day moving average is $136.97 and its two-hundred day moving average is $144.03.

Valero Energy (NYSE:VLO - Get Free Report) last posted its 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 analyst estimates of $31.04 billion. During the same quarter last year, the company earned $7.49 EPS. The company's quarterly revenue was down 14.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Valero Energy Co. will post 8.89 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be paid a $1.07 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.18%. Valero Energy's dividend payout ratio is presently 38.39%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Valero Energy from $172.00 to $151.00 and set an "overweight" rating for the company in a report on Wednesday, October 2nd. TD Cowen dropped their price target on Valero Energy from $145.00 to $140.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Citigroup reduced their price objective on shares of Valero Energy from $192.00 to $176.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. The Goldman Sachs Group dropped their target price on shares of Valero Energy from $149.00 to $131.00 and set a "sell" rating for the company in a research report on Monday, September 16th. Finally, Piper Sandler lowered shares of Valero Energy from an "overweight" rating to a "neutral" rating and cut their target price for the company from $169.00 to $123.00 in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average 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.