Valero Energy Co. (NYSE:VLO) Stock Holdings Reduced by Independent Advisor Alliance

Independent Advisor Alliance cut its position in shares of Valero Energy Co. (NYSE:VLO) by 7.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,264 shares of the oil and gas company’s stock after selling 1,077 shares during the period. Independent Advisor Alliance’s holdings in Valero Energy were worth $1,926,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. EdgeRock Capital LLC bought a new position in Valero Energy during the second quarter valued at approximately $27,000. Lynx Investment Advisory bought a new stake in Valero Energy in the second quarter worth approximately $29,000. Pathway Financial Advisers LLC acquired a new position in shares of Valero Energy during the 1st quarter worth $33,000. Summit Securities Group LLC bought a new position in shares of Valero Energy during the 2nd quarter valued at $31,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of Valero Energy in the 3rd quarter valued at $28,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Performance

NYSE VLO opened at $139.82 on Wednesday. The company’s fifty day moving average is $136.79 and its two-hundred day moving average is $145.56. Valero Energy Co. has a 52-week low of $120.21 and a 52-week high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The firm has a market capitalization of $44.26 billion, a price-to-earnings ratio of 12.54, a P/E/G ratio of 2.61 and a beta of 1.39.

Valero Energy (NYSE:VLO) last released its 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 for the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The firm’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same period last year, the business earned $7.49 earnings per share. Equities research analysts forecast that Valero Energy Co. will post 8.92 EPS for the current year.

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be paid a $1.07 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.06%. Valero Energy’s payout ratio is 38.39%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wells Fargo & Company upgraded Valero Energy from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $172.00 to $165.00 in a report on Wednesday, October 9th. Piper Sandler lowered Valero Energy from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $169.00 to $123.00 in a report on Friday, September 20th. Citigroup reduced their target price on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a report on Friday, October 25th. Bank of America began coverage on Valero Energy in a report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price target on the stock. Finally, Barclays reduced their price objective on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. 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 given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.86.

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.