True Wealth Design LLC Has $37,000 Position in Valero Energy Co. (NYSE:VLO)

True Wealth Design LLC raised its stake in Valero Energy Co. (NYSE:VLO) by 196.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 276 shares of the oil and gas company’s stock after buying an additional 183 shares during the quarter. True Wealth Design LLC’s holdings in Valero Energy were worth $37,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. International Private Wealth Advisors LLC raised its holdings in shares of Valero Energy by 3.4% during the second quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock worth $309,000 after acquiring an additional 65 shares in the last quarter. OmniStar Financial Group Inc. lifted its holdings in shares of Valero Energy by 1.6% during the 2nd quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock valued at $712,000 after buying an additional 70 shares during the last quarter. Everhart Financial Group Inc. grew its stake in shares of Valero Energy by 5.5% in the 2nd quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $214,000 after buying an additional 71 shares in the last quarter. St. Johns Investment Management Company LLC raised its position in Valero Energy by 1.4% during the second quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company’s stock valued at $794,000 after acquiring an additional 72 shares in the last quarter. Finally, Magnus Financial Group LLC lifted its stake in Valero Energy by 4.3% in the second quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company’s stock valued at $275,000 after acquiring an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on VLO. JPMorgan Chase & Co. dropped their price target on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Scotiabank cut their target price on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Citigroup reduced their price target 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. Barclays lowered their price objective on Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Finally, Mizuho reduced 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 analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Valero Energy has an average rating of “Moderate Buy” and an average price target of $155.86.

Valero Energy Price Performance

Shares of Valero Energy stock opened at $139.08 on Monday. 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 company has a market cap of $44.03 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 2.60 and a beta of 1.40. The firm has a fifty day moving average price of $136.92 and a two-hundred day moving average price of $145.19. 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) last released its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.16. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business had revenue of $32.88 billion during the quarter, compared to analysts’ expectations of $31.04 billion. During the same quarter last year, the company earned $7.49 earnings per share. The firm’s revenue was down 14.4% on a year-over-year basis. Analysts expect 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. Stockholders of record on Wednesday, November 20th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Wednesday, November 20th. Valero Energy’s dividend payout ratio is presently 38.39%.

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.