Schrum Private Wealth Management LLC Acquires Shares of 1,972 Valero Energy Co. (NYSE:VLO)

Schrum Private Wealth Management LLC bought a new position in shares of Valero Energy Co. (NYSE:VLO) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,972 shares of the oil and gas company’s stock, valued at approximately $266,000.

Several other large investors have also made changes to their positions in the company. Ameriprise Financial Inc. lifted its position in Valero Energy by 2.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock valued at $1,090,532,000 after purchasing an additional 192,397 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Valero Energy by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock worth $677,007,000 after buying an additional 237,347 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Valero Energy by 1.9% in the second quarter. Pacer Advisors Inc. now owns 3,018,107 shares of the oil and gas company’s stock valued at $473,118,000 after buying an additional 56,989 shares during the period. Legal & General Group Plc boosted its stake in Valero Energy by 3.0% in the second quarter. Legal & General Group Plc now owns 2,809,355 shares of the oil and gas company’s stock valued at $440,394,000 after acquiring an additional 82,539 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Valero Energy by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,063,923 shares of the oil and gas company’s stock worth $352,292,000 after acquiring an additional 65,632 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Performance

VLO opened at $139.55 on Thursday. 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 capitalization of $44.18 billion, a price-to-earnings ratio of 12.52, a P/E/G ratio of 2.51 and a beta of 1.39. The business’s 50-day moving average price is $135.63 and its two-hundred day moving average price is $146.80. Valero Energy Co. has a 1 year low of $120.21 and a 1 year high of $184.79.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating 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 firm posted $7.49 EPS. The firm’s revenue for the quarter was down 14.4% compared to the same quarter last year. Equities analysts expect that Valero Energy Co. will post 9.1 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a yield of 3.07%. Valero Energy’s dividend payout ratio (DPR) is 38.39%.

Analyst Ratings Changes

Several research firms have recently issued reports on VLO. JPMorgan Chase & Co. reduced their price target on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Citigroup reduced their target price on Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Friday, October 25th. StockNews.com cut Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Piper Sandler lowered shares of Valero Energy from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $169.00 to $123.00 in a research note on Friday, September 20th. Finally, BMO Capital Markets decreased their price objective on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.