Independent Advisor Alliance Has $1.93 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

Independent Advisor Alliance trimmed its stake in shares of Valero Energy Co. (NYSE:VLO) by 7.0% during the third quarter, Holdings Channel reports. The firm owned 14,264 shares of the oil and gas company’s stock after selling 1,077 shares during the period. Independent Advisor Alliance’s holdings in Valero Energy were worth $1,926,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. EdgeRock Capital LLC acquired a new stake in Valero Energy in the 2nd quarter valued at $27,000. Peterson Financial Group Inc. bought a new position in shares of Valero Energy during the third quarter valued at $28,000. Lynx Investment Advisory acquired a new stake in shares of Valero Energy in the 2nd quarter valued at $29,000. Summit Securities Group LLC bought a new stake in shares of Valero Energy in the 2nd quarter worth about $31,000. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Valero Energy during the 1st quarter worth about $33,000. 78.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on VLO. Bank of America began coverage on shares of Valero Energy in a research report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price target on the stock. The Goldman Sachs Group reduced their target price on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a report on Monday, September 16th. Piper Sandler cut Valero Energy from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $169.00 to $123.00 in a report on Friday, September 20th. Mizuho reduced their price objective on 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, TD Cowen lowered their target price on 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 assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $155.86.

Valero Energy Stock Performance

Shares of NYSE VLO opened at $139.82 on Wednesday. The company’s 50 day simple moving average is $136.79 and its 200 day simple moving average is $145.56. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. Valero Energy Co. has a fifty-two week low of $120.21 and a fifty-two week high of $184.79. The firm has a market capitalization of $44.26 billion, a P/E ratio of 12.54, a P/E/G ratio of 2.61 and a beta of 1.39.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.16. The business had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The firm’s revenue was down 14.4% on a year-over-year basis. During the same period last year, the company earned $7.49 EPS. On average, analysts predict that Valero Energy Co. will post 8.92 EPS for the current 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 given a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.06%. Valero Energy’s dividend payout ratio is 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.