Valero Energy Co. (NYSE:VLO) Shares Bought by Deseret Mutual Benefit Administrators

Deseret Mutual Benefit Administrators lifted its stake in shares of Valero Energy Co. (NYSE:VLO) by 6.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,420 shares of the oil and gas company’s stock after buying an additional 85 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Valero Energy were worth $192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in VLO. EdgeRock Capital LLC acquired a new position in Valero Energy during the 2nd quarter worth $27,000. Lynx Investment Advisory bought a new position in shares of Valero Energy during the second quarter worth about $29,000. Summit Securities Group LLC acquired a new position in Valero Energy in the second quarter worth about $31,000. Pathway Financial Advisers LLC bought a new stake in Valero Energy in the first quarter valued at about $33,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in Valero Energy during the third quarter valued at approximately $34,000. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VLO. The Goldman Sachs Group decreased their target price on Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research report on Monday, September 16th. Bank of America assumed coverage on shares of Valero Energy in a research note on Thursday, October 17th. They set a “neutral” rating and a $150.00 target price for the company. StockNews.com cut shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Scotiabank decreased their price target on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, 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. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.29.

Valero Energy Stock Performance

Shares of NYSE VLO opened at $139.50 on Thursday. Valero Energy Co. has a 12-month low of $119.88 and a 12-month high of $184.79. The company has a market cap of $44.69 billion, a PE ratio of 12.44, a P/E/G ratio of 2.32 and a beta of 1.39. The stock has a 50 day simple moving average of $136.20 and a 200-day simple moving average of $147.77. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

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, topping analysts’ consensus estimates of $0.98 by $0.16. The company had revenue of $32.88 billion during 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 quarterly revenue was down 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.49 EPS. On average, equities research analysts forecast that Valero Energy Co. will post 9.32 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 annualized dividend and a yield of 3.07%. Valero Energy’s 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.