Fulcrum Equity Management bought a new stake in shares of Valero Energy Co. (NYSE:VLO) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,252 shares of the oil and gas company’s stock, valued at approximately $192,000.
Several other large investors have also recently made changes to their positions in the stock. Parallel Advisors LLC raised its position in shares of Valero Energy by 4.7% in the 3rd quarter. Parallel Advisors LLC now owns 2,541 shares of the oil and gas company’s stock valued at $217,000 after acquiring an additional 113 shares during the period. Investors Research Corp increased its stake in Valero Energy by 4.4% during the 3rd quarter. Investors Research Corp now owns 2,730 shares of the oil and gas company’s stock worth $233,000 after purchasing an additional 116 shares in the last quarter. Liberty Wealth Management LLC increased its stake in Valero Energy by 18.4% during the 3rd quarter. Liberty Wealth Management LLC now owns 754 shares of the oil and gas company’s stock worth $64,000 after purchasing an additional 117 shares in the last quarter. Adirondack Trust Co. increased its stake in Valero Energy by 27.1% during the 3rd quarter. Adirondack Trust Co. now owns 610 shares of the oil and gas company’s stock worth $52,000 after purchasing an additional 130 shares in the last quarter. Finally, Wealth Architects LLC increased its stake in Valero Energy by 4.4% during the 2nd quarter. Wealth Architects LLC now owns 3,226 shares of the oil and gas company’s stock worth $276,000 after purchasing an additional 136 shares in the last quarter. Institutional investors and hedge funds own 76.11% of the company’s stock.
VLO has been the subject of a number of research reports. ValuEngine cut Valero Energy from a “sell” rating to a “strong sell” rating in a research note on Friday. Morgan Stanley increased their target price on Valero Energy from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Wells Fargo & Co increased their target price on Valero Energy from $107.00 to $108.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. lowered their target price on Valero Energy from $96.00 to $83.00 and set an “overweight” rating for the company in a research note on Tuesday, September 10th. Finally, Royal Bank of Canada set a $99.00 target price on Valero Energy and gave the stock a “buy” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $103.22.
Shares of VLO traded down $0.06 during mid-day trading on Monday, hitting $100.80. 65,014 shares of the company’s stock were exchanged, compared to its average volume of 3,471,837. The company has a market cap of $41.89 billion, a PE ratio of 13.70, a P/E/G ratio of 2.62 and a beta of 1.49. Valero Energy Co. has a 52 week low of $68.81 and a 52 week high of $101.99. The company has a 50-day simple moving average of $90.73 and a 200 day simple moving average of $83.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.42 and a quick ratio of 0.92.
Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.13. The company had revenue of $27.25 billion during the quarter, compared to analysts’ expectations of $25.93 billion. Valero Energy had a net margin of 2.12% and a return on equity of 10.31%. The business’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period last year, the business earned $2.01 EPS. On average, analysts anticipate that Valero Energy Co. will post 4.83 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $3.60 annualized dividend and a dividend yield of 3.57%. Valero Energy’s dividend payout ratio is currently 48.85%.
Valero Energy Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.
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