1,300 Shares in Valero Energy Co. (NYSE:VLO) Bought by Truvestments Capital LLC

Truvestments Capital LLC purchased a new position in shares of Valero Energy Co. (NYSE:VLO) in the third quarter, Holdings Channel.com reports. The firm purchased 1,300 shares of the oil and gas company’s stock, valued at approximately $176,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. EdgeRock Capital LLC purchased a new stake in Valero Energy during the second quarter worth approximately $27,000. Peterson Financial Group Inc. purchased a new stake in shares of Valero Energy during the 3rd quarter worth approximately $28,000. Lynx Investment Advisory acquired a new position in shares of Valero Energy in the 2nd quarter valued at $29,000. Summit Securities Group LLC purchased a new position in shares of Valero Energy in the 2nd quarter valued at $31,000. Finally, Pathway Financial Advisers LLC acquired a new stake in Valero Energy during the 1st quarter worth $33,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VLO has been the topic of several research reports. BMO Capital Markets dropped their price objective on Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Bank of America assumed coverage on Valero Energy in a research report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price target on the stock. JPMorgan Chase & Co. lowered their target price 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. Scotiabank cut their target price on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, TD Cowen decreased their price target on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $155.86.

Valero Energy Stock Performance

NYSE:VLO opened at $139.82 on Wednesday. Valero Energy Co. has a 1 year low of $120.21 and a 1 year high of $184.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The stock has a fifty day moving average price of $136.79 and a two-hundred day moving average price of $145.56. The stock has a market capitalization of $44.26 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 2.61 and a beta of 1.39.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. The business had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business’s revenue was down 14.4% compared to the same quarter last year. During the same quarter last year, the firm posted $7.49 EPS. As a group, sell-side analysts anticipate that Valero Energy Co. will post 8.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Wednesday, November 20th. Valero Energy’s dividend payout ratio is currently 38.39%.

About Valero Energy

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.