Rehmann Capital Advisory Group Boosts Holdings in Valero Energy Co. (NYSE:VLO)

Rehmann Capital Advisory Group grew its stake in shares of Valero Energy Co. (NYSE:VLO) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,202 shares of the oil and gas company’s stock after purchasing an additional 112 shares during the period. Rehmann Capital Advisory Group’s holdings in Valero Energy were worth $297,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EdgeRock Capital LLC purchased a new position in shares of Valero Energy during the 2nd quarter worth approximately $27,000. Peterson Financial Group Inc. purchased a new stake in Valero Energy in the third quarter worth $28,000. Summit Securities Group LLC bought a new position in Valero Energy in the second quarter worth $31,000. Compagnie Lombard Odier SCmA purchased a new position in Valero Energy during the third quarter valued at $34,000. Finally, True Wealth Design LLC boosted its holdings in shares of 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 buying an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

Shares of NYSE VLO opened at $129.14 on Friday. The firm’s 50-day moving average price is $136.27 and its 200-day moving average price is $143.42. Valero Energy Co. has a 52-week low of $124.02 and a 52-week high of $184.79. The company has a market cap of $40.88 billion, a PE ratio of 11.58, a PEG ratio of 2.44 and a beta of 1.39. 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 issued its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.16. The company had revenue of $32.88 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $7.49 earnings per share. As a group, analysts anticipate that Valero Energy Co. will post 8.87 EPS for the current year.

Valero Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Wednesday, November 20th. Valero Energy’s dividend payout ratio (DPR) is presently 38.39%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Bank of America started coverage on shares of Valero Energy in a research report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price target for the company. Wells Fargo & Company lowered their target price on shares of Valero Energy from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, December 9th. JPMorgan Chase & Co. cut their price target on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Barclays lowered their price objective on Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Finally, Scotiabank reduced their price target on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. One 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus target price of $155.50.

About Valero Energy

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.