Valero Energy Co. (NYSE:VLO) Shares Acquired by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC boosted its position in Valero Energy Co. (NYSE:VLO) by 0.4% in the third quarter, HoldingsChannel.com reports. The firm owned 85,792 shares of the oil and gas company’s stock after purchasing an additional 319 shares during the quarter. Valero Energy comprises approximately 2.2% of Summit Financial Wealth Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Summit Financial Wealth Advisors LLC’s holdings in Valero Energy were worth $11,584,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EdgeRock Capital LLC bought a new stake in shares of Valero Energy during the 2nd quarter worth $27,000. Lynx Investment Advisory acquired a new position in shares of Valero Energy in the 2nd quarter valued at $29,000. Pathway Financial Advisers LLC acquired a new position in shares of Valero Energy in the 1st quarter valued at $33,000. Summit Securities Group LLC purchased a new position in Valero Energy in the 2nd quarter worth about $31,000. Finally, Peterson Financial Group Inc. purchased a new stake in Valero Energy during the third quarter valued at about $28,000. 78.69% of the stock is owned by institutional investors.

Valero Energy Trading Down 0.8 %

Shares of NYSE:VLO opened at $139.83 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $44.27 billion, a PE ratio of 12.54, 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 firm has a fifty day moving average price of $136.71 and a 200 day moving average price of $145.68.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The company had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. During the same quarter in the prior year, the company posted $7.49 EPS. 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 fiscal year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Wednesday, November 20th. Valero Energy’s dividend payout ratio is 38.39%.

Analyst Ratings Changes

Several research firms have recently weighed in on VLO. TD Cowen dropped their target price on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Citigroup lowered their price objective on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. 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 report on Thursday, October 10th. The Goldman Sachs Group lowered their price target on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a report on Monday, September 16th. Finally, 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 note on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and an average target price of $155.86.

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.