SevenBridge Financial Group LLC Buys New Shares in Valero Energy Co. (NYSE:VLO)

SevenBridge Financial Group LLC purchased a new position in Valero Energy Co. (NYSE:VLO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,158 shares of the oil and gas company’s stock, valued at approximately $436,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC grew its stake in shares of Valero Energy by 71.9% in the 3rd quarter. Larson Financial Group LLC now owns 5,117 shares of the oil and gas company’s stock valued at $691,000 after buying an additional 2,141 shares during the period. StoneX Group Inc. grew its stake in Valero Energy by 17.6% in the third quarter. StoneX Group Inc. now owns 16,034 shares of the oil and gas company’s stock valued at $2,165,000 after acquiring an additional 2,404 shares during the period. Cerity Partners LLC increased its holdings in shares of Valero Energy by 34.6% during the third quarter. Cerity Partners LLC now owns 110,660 shares of the oil and gas company’s stock valued at $14,942,000 after acquiring an additional 28,441 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in shares of Valero Energy by 4.5% during the third quarter. Great Valley Advisor Group Inc. now owns 10,335 shares of the oil and gas company’s stock worth $1,395,000 after purchasing an additional 446 shares during the period. Finally, Montrusco Bolton Investments Inc. lifted its holdings in shares of Valero Energy by 6.3% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 2,533,434 shares of the oil and gas company’s stock worth $342,090,000 after purchasing an additional 151,200 shares in the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Trading Down 0.1 %

Shares of Valero Energy stock opened at $140.91 on Friday. The firm has a market cap of $44.61 billion, a PE ratio of 12.64, a P/E/G ratio of 2.63 and a beta of 1.39. Valero Energy Co. has a 1 year low of $120.21 and a 1 year high of $184.79. 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 fifty day moving average price of $136.59 and a 200-day moving average price of $145.89.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The business had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The firm’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same quarter last year, the company posted $7.49 earnings per share. Equities research analysts anticipate that Valero Energy Co. will post 8.92 EPS for the current year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors 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 yield of 3.04%. Valero Energy’s payout ratio is 38.39%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Mizuho decreased their price target on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Piper Sandler downgraded shares of Valero Energy from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $169.00 to $123.00 in a research report on Friday, September 20th. BMO Capital Markets dropped their price target on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Wells Fargo & Company raised Valero Energy from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $172.00 to $165.00 in a report on Wednesday, October 9th. Finally, Barclays dropped their target price on Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. One 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $155.86.

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.