FORA Capital LLC Invests $1.10 Million in Valero Energy Co. (NYSE:VLO)

FORA Capital LLC purchased a new position in shares of Valero Energy Co. (NYSE:VLO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,163 shares of the oil and gas company’s stock, valued at approximately $1,102,000.

Several other large investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Valero Energy by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,287,269 shares of the oil and gas company’s stock worth $1,389,090,000 after purchasing an additional 50,837 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Valero Energy by 2.8% during the second quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock worth $1,090,532,000 after purchasing an additional 192,397 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Valero Energy by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock worth $677,007,000 after purchasing an additional 237,347 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Valero Energy by 18.8% during the third quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock worth $484,105,000 after purchasing an additional 567,059 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Valero Energy by 3.0% during the second quarter. Legal & General Group Plc now owns 2,809,355 shares of the oil and gas company’s stock worth $440,394,000 after purchasing an additional 82,539 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on VLO. Scotiabank dropped their price objective on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Piper Sandler lowered shares of Valero Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $169.00 to $123.00 in a research note on Friday, September 20th. TD Cowen dropped their price objective 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. Barclays dropped their price objective 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. Finally, Citigroup dropped their price objective 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 investment 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.86.

Valero Energy Trading Down 0.9 %

Valero Energy stock opened at $138.55 on Thursday. The firm has a 50 day simple moving average of $136.83 and a 200-day simple moving average of $145.51. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The stock has a market capitalization of $43.86 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 2.61 and a beta of 1.39. Valero Energy Co. has a 12-month low of $120.21 and a 12-month high of $184.79.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.16. The business had revenue of $32.88 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm posted $7.49 earnings per share. As a group, equities research analysts expect that Valero Energy Co. will post 8.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Wednesday, November 20th. Valero Energy’s dividend payout ratio (DPR) is presently 38.39%.

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.