Peddock Capital Advisors LLC Sells 455 Shares of Valero Energy Co. (NYSE:VLO)

Peddock Capital Advisors LLC cut its stake in Valero Energy Co. (NYSE:VLO) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,870 shares of the oil and gas company’s stock after selling 455 shares during the period. Peddock Capital Advisors LLC’s holdings in Valero Energy were worth $1,087,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new position in Valero Energy during the 3rd quarter worth $28,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Valero Energy during the third quarter worth approximately $34,000. True Wealth Design LLC boosted its stake in Valero Energy by 196.8% in the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 183 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Valero Energy during the 3rd quarter worth $38,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Valero Energy during the 3rd quarter valued at $50,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Up 5.0 %

Shares of VLO traded up $6.34 during mid-day trading on Monday, hitting $133.49. 5,177,947 shares of the company’s stock were exchanged, compared to its average volume of 2,759,177. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. Valero Energy Co. has a 52 week low of $116.84 and a 52 week high of $184.79. The company has a market cap of $42.26 billion, a PE ratio of 11.97, a P/E/G ratio of 2.43 and a beta of 1.42. The company has a 50-day simple moving average of $130.99 and a 200 day simple moving average of $138.89.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) 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 firm had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. During the same period in the previous year, the business earned $7.49 EPS. The company’s revenue was down 14.4% compared to the same quarter last year. On average, research analysts forecast that Valero Energy Co. will post 8.86 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Wednesday, November 20th. Valero Energy’s dividend payout ratio (DPR) is 38.39%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VLO shares. Scotiabank decreased their price objective on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Barclays lowered their price target 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. 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. Bank of America assumed coverage on shares of Valero Energy in a research report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price target on the stock. Finally, Mizuho lowered their price objective on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

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.