Strait & Sound Wealth Management LLC Has $379,000 Stock Position in Valero Energy Co. (NYSE:VLO)

Strait & Sound Wealth Management LLC lifted its holdings in Valero Energy Co. (NYSE:VLO) by 61.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,810 shares of the oil and gas company’s stock after purchasing an additional 1,074 shares during the period. Strait & Sound Wealth Management LLC’s holdings in Valero Energy were worth $379,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. EdgeRock Capital LLC acquired a new stake in shares of Valero Energy in the second quarter worth $27,000. Peterson Financial Group Inc. acquired a new position in Valero Energy during the 3rd quarter worth $28,000. Summit Securities Group LLC acquired a new stake in shares of Valero Energy in the second quarter valued at about $31,000. Compagnie Lombard Odier SCmA acquired a new position in shares of Valero Energy during the 3rd quarter worth about $34,000. Finally, True Wealth Design LLC boosted its stake in Valero Energy by 196.8% during the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 183 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VLO. Barclays cut their price target on Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Citigroup reduced their price target 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. JPMorgan Chase & Co. dropped their price objective on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. 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. Finally, The Goldman Sachs Group cut their price target on Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus price target of $155.50.

Valero Energy Price Performance

NYSE:VLO opened at $134.57 on Tuesday. The firm has a market cap of $42.60 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 2.47 and a beta of 1.40. The company’s 50-day moving average price is $136.97 and its two-hundred day moving average price is $144.03. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 12 month low of $120.21 and a 12 month high of $184.79.

Valero Energy (NYSE:VLO) last released its quarterly earnings results 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. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The business had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. During the same period in the prior year, the company earned $7.49 EPS. Valero Energy’s revenue for the quarter was down 14.4% on a year-over-year basis. On average, equities analysts anticipate that Valero Energy Co. will post 8.89 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. Shareholders of record on Wednesday, November 20th will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Wednesday, November 20th. Valero Energy’s dividend payout ratio is currently 38.39%.

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.