Intellectus Partners LLC boosted its stake in Valero Energy Co. (NYSE:VLO – Free Report) by 156.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,477 shares of the oil and gas company’s stock after purchasing an additional 5,169 shares during the period. Intellectus Partners LLC’s holdings in Valero Energy were worth $1,145,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. EdgeRock Capital LLC bought a new stake in shares of Valero Energy in the 2nd quarter worth approximately $27,000. Lynx Investment Advisory purchased a new position in shares of Valero Energy in the second quarter worth about $29,000. Summit Securities Group LLC bought a new stake in shares of Valero Energy in the second quarter valued at approximately $31,000. Pathway Financial Advisers LLC purchased a new stake in shares of Valero Energy during the 1st quarter valued at approximately $33,000. Finally, Compagnie Lombard Odier SCmA bought a new position in Valero Energy in the 3rd quarter worth approximately $34,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Barclays decreased their price target on Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research report on Monday. Wells Fargo & Company upgraded Valero Energy from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $172.00 to $165.00 in a research report on Wednesday, October 9th. Bank of America assumed coverage on shares of Valero Energy in a research report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 target price for the company. JPMorgan Chase & Co. reduced 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 report on Wednesday, October 2nd. Finally, Mizuho reduced their price objective on Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $155.86.
Valero Energy Price Performance
Valero Energy stock opened at $140.02 on Friday. The firm has a market capitalization of $44.33 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 2.56 and a beta of 1.39. Valero Energy Co. has a 12-month low of $120.21 and a 12-month high of $184.79. The firm has a 50-day moving average price of $135.62 and a 200-day moving average price of $146.75. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.
Valero Energy (NYSE:VLO – Get Free Report) last issued its earnings results 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. The business had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The company’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same period last year, the company posted $7.49 earnings per share. As a group, equities research analysts forecast that Valero Energy Co. will post 9.1 EPS for the current 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 dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Wednesday, November 20th. Valero Energy’s payout ratio is currently 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.
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