Richard C. Young & CO. LTD. Has $11.32 Million Stock Position in Valero Energy Co. (NYSE:VLO)

Richard C. Young & CO. LTD. lessened its position in Valero Energy Co. (NYSE:VLO) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,803 shares of the oil and gas company’s stock after selling 1,354 shares during the quarter. Richard C. Young & CO. LTD.’s holdings in Valero Energy were worth $11,316,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VLO. EdgeRock Capital LLC acquired a new position in shares of Valero Energy during the 2nd quarter worth about $27,000. Peterson Financial Group Inc. bought a new stake in shares of Valero Energy in the third quarter valued at approximately $28,000. Lynx Investment Advisory acquired a new stake in shares of Valero Energy in the second quarter worth $29,000. Summit Securities Group LLC bought a new position in Valero Energy during the second quarter worth $31,000. Finally, Pathway Financial Advisers LLC acquired a new position in Valero Energy during the 1st quarter valued at $33,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Barclays reduced their price objective on Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. TD Cowen lowered their price objective on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Bank of America began coverage on Valero Energy in a research report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 target price for the company. Finally, Mizuho lowered their price target on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. One 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.86.

Valero Energy Price Performance

Valero Energy stock opened at $140.16 on Monday. Valero Energy Co. has a 52 week low of $120.21 and a 52 week high of $184.79. The firm has a market cap of $44.37 billion, a P/E ratio of 12.57, a P/E/G ratio of 2.57 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The business’s fifty day moving average is $135.83 and its two-hundred day moving average is $146.35.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data 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 net margin of 2.74% and a return on equity of 13.07%. The firm had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. During the same quarter in the prior year, the firm earned $7.49 EPS. The company’s revenue was down 14.4% on a year-over-year basis. Equities research analysts forecast that Valero Energy Co. will post 9.1 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Wednesday, November 20th. Valero Energy’s dividend payout ratio (DPR) is presently 38.39%.

About Valero Energy

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.