Valero Energy Co. (NYSE:VLO) Shares Sold by Capital Advisors Inc. OK

Capital Advisors Inc. OK lessened its holdings in shares of Valero Energy Co. (NYSE:VLO) by 92.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,656 shares of the oil and gas company’s stock after selling 125,870 shares during the quarter. Capital Advisors Inc. OK’s holdings in Valero Energy were worth $1,304,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EdgeRock Capital LLC acquired a new position in shares of Valero Energy during the second quarter worth $27,000. Lynx Investment Advisory acquired a new position in shares of Valero Energy during the 2nd quarter worth about $29,000. Summit Securities Group LLC purchased a new position in shares of Valero Energy in the 2nd quarter valued at about $31,000. Pathway Financial Advisers LLC purchased a new stake in Valero Energy during the first quarter worth approximately $33,000. Finally, Compagnie Lombard Odier SCmA purchased a new position in Valero Energy in the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VLO. Citigroup decreased their target price on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Bank of America initiated coverage on shares of Valero Energy in a research report on Thursday, October 17th. They set a “neutral” rating and a $150.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. Scotiabank lowered their price objective on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Finally, TD Cowen decreased their target price on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, October 25th. One equities research 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.29.

Valero Energy Trading Down 1.2 %

Shares of Valero Energy stock opened at $128.22 on Friday. The business’s fifty day moving average is $136.69 and its two-hundred day moving average is $148.56. Valero Energy Co. has a fifty-two week low of $119.88 and a fifty-two week high of $184.79. The firm has a market cap of $41.08 billion, a PE ratio of 11.50, a P/E/G ratio of 2.32 and a beta of 1.39. The company has a quick ratio of 1.04, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. The company had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. Valero Energy’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same quarter last year, the business earned $7.49 EPS. Analysts anticipate that Valero Energy Co. will post 9.32 earnings per share for the current year.

Valero Energy Dividend Announcement

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 given a dividend of $1.07 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a yield of 3.34%. Valero Energy’s dividend payout ratio (DPR) is 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.