Valero Energy Co. (NYSE:VLO) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC raised its position in Valero Energy Co. (NYSE:VLO) by 9.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,597 shares of the oil and gas company’s stock after purchasing an additional 302 shares during the quarter. Summit Trail Advisors LLC’s holdings in Valero Energy were worth $486,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. EdgeRock Capital LLC acquired a new position in shares of Valero Energy in the 2nd quarter worth approximately $27,000. Lynx Investment Advisory acquired a new position in shares of Valero Energy in the 2nd quarter worth approximately $29,000. Pathway Financial Advisers LLC acquired a new position in shares of Valero Energy in the 1st quarter worth approximately $33,000. Summit Securities Group LLC acquired a new position in shares of Valero Energy in the 2nd quarter worth approximately $31,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of Valero Energy in the 3rd quarter worth approximately $28,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Performance

Shares of NYSE:VLO opened at $139.82 on Wednesday. Valero Energy Co. has a 52 week low of $120.21 and a 52 week high of $184.79. The company’s 50 day moving average is $136.79 and its two-hundred day moving average is $145.56. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The company has a market cap of $44.26 billion, a PE ratio of 12.54, a P/E/G ratio of 2.63 and a beta of 1.39.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. The firm had revenue of $32.88 billion for 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 company’s revenue was down 14.4% on a year-over-year basis. During the same period last year, the firm posted $7.49 EPS. Equities analysts predict that Valero Energy Co. will post 8.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be given 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 (DPR) is 38.39%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Piper Sandler lowered shares of Valero Energy from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $169.00 to $123.00 in a report on Friday, September 20th. Barclays cut their target price on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. TD Cowen cut their target price on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Mizuho cut their target price on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Finally, Citigroup cut their target price on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.86.

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.