Parkside Financial Bank & Trust lifted its holdings in shares of Valero Energy Co. (NYSE:VLO) by 72.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,096 shares of the oil and gas company’s stock after acquiring an additional 460 shares during the period. Parkside Financial Bank & Trust’s holdings in Valero Energy were worth $94,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of VLO. Parallel Advisors LLC boosted its holdings in Valero Energy by 4.7% during the third quarter. Parallel Advisors LLC now owns 2,541 shares of the oil and gas company’s stock worth $217,000 after purchasing an additional 113 shares during the last quarter. Investors Research Corp boosted its stake in Valero Energy by 4.4% in the third quarter. Investors Research Corp now owns 2,730 shares of the oil and gas company’s stock valued at $233,000 after acquiring an additional 116 shares during the last quarter. Liberty Wealth Management LLC boosted its stake in Valero Energy by 18.4% in the third quarter. Liberty Wealth Management LLC now owns 754 shares of the oil and gas company’s stock valued at $64,000 after acquiring an additional 117 shares during the last quarter. Adirondack Trust Co. boosted its stake in Valero Energy by 27.1% in the third quarter. Adirondack Trust Co. now owns 610 shares of the oil and gas company’s stock valued at $52,000 after acquiring an additional 130 shares during the last quarter. Finally, Wealth Architects LLC boosted its stake in Valero Energy by 4.4% in the second quarter. Wealth Architects LLC now owns 3,226 shares of the oil and gas company’s stock valued at $276,000 after acquiring an additional 136 shares during the last quarter. 76.11% of the stock is owned by institutional investors.
Shares of VLO stock traded down $0.05 during trading on Monday, reaching $100.81. 75,637 shares of the company’s stock traded hands, compared to its average volume of 3,471,837. The firm’s 50-day moving average is $90.73 and its 200 day moving average is $83.27. The company has a current ratio of 1.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $41.89 billion, a P/E ratio of 13.69, a PEG ratio of 2.62 and a beta of 1.49. Valero Energy Co. has a 1 year low of $68.81 and a 1 year high of $101.99.
Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 24th. The oil and gas company reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.13. The business had revenue of $27.25 billion for the quarter, compared to analyst estimates of $25.93 billion. Valero Energy had a net margin of 2.12% and a return on equity of 10.31%. Valero Energy’s revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.01 EPS. As a group, sell-side analysts predict that Valero Energy Co. will post 4.83 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Tuesday, November 19th. Valero Energy’s dividend payout ratio (DPR) is presently 48.85%.
A number of research firms have weighed in on VLO. Wells Fargo & Co boosted their target price on shares of Valero Energy from $107.00 to $108.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. dropped their target price on shares of Valero Energy from $96.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 10th. ValuEngine cut shares of Valero Energy from a “sell” rating to a “strong sell” rating in a research note on Friday. Goldman Sachs Group set a $104.00 target price on shares of Valero Energy and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Morgan Stanley boosted their target price on shares of Valero Energy from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. Valero Energy presently has a consensus rating of “Buy” and a consensus price target of $103.22.
Valero Energy Company 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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