WESPAC Advisors LLC lifted its stake in Valero Energy Co. (NYSE:VLO) by 41.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,934 shares of the oil and gas company’s stock after acquiring an additional 7,024 shares during the quarter. Valero Energy accounts for about 1.6% of WESPAC Advisors LLC’s investment portfolio, making the stock its 17th largest holding. WESPAC Advisors LLC’s holdings in Valero Energy were worth $2,722,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in shares of Valero Energy in the third quarter worth approximately $101,000. Kaizen Advisory LLC grew its stake in shares of Valero Energy by 156.8% in the second quarter. Kaizen Advisory LLC now owns 1,063 shares of the oil and gas company’s stock worth $118,000 after acquiring an additional 649 shares during the period. Kiley Juergens Wealth Management LLC bought a new stake in shares of Valero Energy in the second quarter worth approximately $117,000. Stelac Advisory Services LLC bought a new stake in shares of Valero Energy in the second quarter worth approximately $125,000. Finally, Reilly Financial Advisors LLC grew its stake in shares of Valero Energy by 1,164.4% in the third quarter. Reilly Financial Advisors LLC now owns 1,315 shares of the oil and gas company’s stock worth $150,000 after acquiring an additional 1,211 shares during the period. Hedge funds and other institutional investors own 78.12% of the company’s stock.
Shares of NYSE:VLO opened at $92.10 on Monday. The company has a current ratio of 1.67, a quick ratio of 1.10 and a debt-to-equity ratio of 0.39. Valero Energy Co. has a 1-year low of $80.00 and a 1-year high of $126.98. The company has a market cap of $39.25 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 0.75 and a beta of 1.15.
Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 25th. The oil and gas company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.06. Valero Energy had a net margin of 3.96% and a return on equity of 11.91%. The business had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $31.82 billion. On average, equities research analysts predict that Valero Energy Co. will post 6.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Tuesday, November 20th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Monday, November 19th. Valero Energy’s dividend payout ratio is currently 64.52%.
A number of analysts have recently commented on VLO shares. Standpoint Research upgraded shares of Valero Energy from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Wells Fargo & Co cut their target price on shares of Valero Energy from $141.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Morgan Stanley boosted their target price on shares of Valero Energy from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, July 31st. Goldman Sachs Group lowered shares of Valero Energy from a “neutral” rating to a “sell” rating in a research report on Friday, October 19th. Finally, Tudor Pickering lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $115.82.
Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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