Tranquility Partners LLC Reduces Stock Holdings in Valero Energy Co. (NYSE:VLO)

Tranquility Partners LLC cut its position in shares of Valero Energy Co. (NYSE:VLOFree Report) by 15.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,842 shares of the oil and gas company’s stock after selling 528 shares during the period. Tranquility Partners LLC’s holdings in Valero Energy were worth $384,000 at the end of the most recent quarter.

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

Valero Energy Stock Up 2.7 %

Valero Energy stock opened at $144.01 on Tuesday. The stock’s fifty day moving average is $136.03 and its two-hundred day moving average is $146.26. 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 current ratio of 1.57 and a quick ratio of 1.11. The stock has a market cap of $45.59 billion, a PE ratio of 12.92, a P/E/G ratio of 2.57 and a beta of 1.39.

Valero Energy (NYSE:VLOGet Free Report) last posted its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The firm had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. During the same period in the prior year, the business earned $7.49 EPS. The firm’s revenue was down 14.4% compared to the same quarter last year. On average, sell-side analysts expect that Valero Energy Co. will post 9.1 EPS for the current fiscal year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Wednesday, November 20th. Valero Energy’s dividend payout ratio (DPR) is presently 38.39%.

Analyst Ratings Changes

VLO has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price target on Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. 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 report on Friday, October 25th. Scotiabank reduced their price target on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Citigroup dropped their price objective on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Mizuho reduced their target price on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $155.86.

Read Our Latest Research Report on Valero Energy

Valero Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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