Valero Energy Co. (NYSE:VLO) Shares Sold by Fmr LLC

Fmr LLC lessened its holdings in shares of Valero Energy Co. (NYSE:VLO) by 36.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,484,189 shares of the oil and gas company’s stock after selling 3,085,735 shares during the quarter. Fmr LLC owned 1.73% of Valero Energy worth $740,530,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in Valero Energy by 11,318.9% in the 3rd quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company’s stock worth $145,339,000 after acquiring an additional 1,066,923 shares during the period. Pacer Advisors Inc. boosted its holdings in Valero Energy by 18.8% in the 3rd quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock worth $484,105,000 after acquiring an additional 567,059 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Valero Energy by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock worth $677,007,000 after acquiring an additional 237,347 shares during the period. AQR Capital Management LLC boosted its holdings in Valero Energy by 17.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,550,010 shares of the oil and gas company’s stock worth $238,841,000 after acquiring an additional 232,494 shares during the period. Finally, Westwood Holdings Group Inc. purchased a new position in Valero Energy in the 1st quarter worth approximately $39,517,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Piper Sandler cut Valero Energy from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $169.00 to $123.00 in a report on Friday, September 20th. TD Cowen reduced their target price 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. Barclays reduced their target price on Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Wells Fargo & Company upgraded Valero Energy from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $172.00 to $165.00 in a research note on Wednesday, October 9th. Finally, Scotiabank reduced their target price 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. 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 given a strong buy rating to the stock. Based on data from MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and an average price target of $155.86.

Valero Energy Price Performance

Shares of NYSE VLO opened at $138.56 on Friday. 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 business’s fifty day moving average price is $136.83 and its two-hundred day moving average price is $145.47. The firm has a market capitalization of $43.87 billion, a PE ratio of 12.43, a P/E/G ratio of 2.61 and a beta of 1.39.

Valero Energy (NYSE:VLO) last issued its quarterly 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 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 company’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same period last year, the company earned $7.49 earnings per share. On average, research analysts expect that Valero Energy Co. will post 8.92 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Wednesday, November 20th. 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.