Great Valley Advisor Group Inc. Increases Stake in Valero Energy Co. (NYSE:VLO)

Great Valley Advisor Group Inc. grew its position in Valero Energy Co. (NYSE:VLO) by 4.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,335 shares of the oil and gas company’s stock after buying an additional 446 shares during the period. Great Valley Advisor Group Inc.’s holdings in Valero Energy were worth $1,395,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Manning & Napier Advisors LLC bought a new position in Valero Energy in the 2nd quarter valued at approximately $15,945,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Valero Energy by 1.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,293,589 shares of the oil and gas company’s stock valued at $174,673,000 after purchasing an additional 22,571 shares in the last quarter. 180 Wealth Advisors LLC purchased a new stake in shares of Valero Energy during the second quarter valued at $535,000. Massmutual Trust Co. FSB ADV increased its holdings in Valero Energy by 23.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 42,716 shares of the oil and gas company’s stock worth $6,696,000 after buying an additional 8,198 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Valero Energy by 66.0% in the 2nd quarter. GAMMA Investing LLC now owns 8,781 shares of the oil and gas company’s stock worth $1,377,000 after buying an additional 3,492 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Piper Sandler downgraded shares of 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. BMO Capital Markets cut their target price on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. The Goldman Sachs Group decreased their target price on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research note on Monday, September 16th. Citigroup dropped their price target on Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Wells Fargo & Company upgraded Valero Energy from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $172.00 to $165.00 in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus price target of $155.86.

Valero Energy Stock Down 0.8 %

VLO stock opened at $139.83 on Tuesday. The business’s 50-day moving average price is $136.71 and its 200-day moving average price is $145.68. The stock has a market cap of $44.27 billion, a P/E ratio of 12.54, a PEG ratio of 2.63 and a beta of 1.39. Valero Energy Co. has a twelve month low of $120.21 and a twelve month high of $184.79. 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 (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The business had revenue of $32.88 billion during 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 company’s revenue was down 14.4% on a year-over-year basis. During the same period in the prior year, the business posted $7.49 earnings per share. On average, equities research analysts forecast that Valero Energy Co. will post 8.92 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a yield of 3.06%. Valero Energy’s payout ratio is presently 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.