Graypoint LLC Cuts Position in Valero Energy Co. (NYSE:VLO)

Graypoint LLC lessened its stake in Valero Energy Co. (NYSE:VLO) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,621 shares of the oil and gas company’s stock after selling 329 shares during the period. Graypoint LLC’s holdings in Valero Energy were worth $2,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. EdgeRock Capital LLC acquired a new position in shares of Valero Energy during the 2nd quarter worth $27,000. Lynx Investment Advisory purchased a new stake in Valero Energy during the second quarter worth approximately $29,000. Summit Securities Group LLC acquired a new stake in Valero Energy in the second quarter valued at approximately $31,000. Pathway Financial Advisers LLC acquired a new position in shares of Valero Energy in the 1st quarter valued at approximately $33,000. Finally, Compagnie Lombard Odier SCmA bought a new position in Valero Energy during the 3rd quarter worth approximately $34,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Performance

Shares of VLO stock opened at $138.71 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. Valero Energy Co. has a 52 week low of $119.88 and a 52 week high of $184.79. The company’s 50 day moving average price is $136.20 and its two-hundred day moving average price is $147.77. The company has a market capitalization of $44.44 billion, a P/E ratio of 12.44, a price-to-earnings-growth ratio of 2.32 and a beta of 1.39.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 2.74% and a return on equity of 13.07%. The firm’s quarterly revenue was down 14.4% on a year-over-year basis. During the same period last year, the business posted $7.49 earnings per share. On average, analysts expect that Valero Energy Co. will post 9.32 earnings per share 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. Shareholders of record on Wednesday, November 20th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.09%. The ex-dividend date is Wednesday, November 20th. Valero Energy’s payout ratio is 38.39%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. The Goldman Sachs Group lowered their target price on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research note on Monday, September 16th. Mizuho decreased their target price on Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. TD Cowen lowered their price objective on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Wolfe Research initiated coverage on shares of Valero Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $177.00 price objective on the stock. One equities 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $156.29.

Valero Energy 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.