Fifth Third Wealth Advisors LLC Purchases 340 Shares of Valero Energy Co. (NYSE:VLO)

Fifth Third Wealth Advisors LLC raised its position in Valero Energy Co. (NYSE:VLO) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,870 shares of the oil and gas company’s stock after acquiring an additional 340 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Valero Energy were worth $1,468,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. EdgeRock Capital LLC bought a new position in shares of Valero Energy during the 2nd quarter worth approximately $27,000. Peterson Financial Group Inc. bought a new position in shares of Valero Energy during the third quarter valued at $28,000. Lynx Investment Advisory acquired a new stake in shares of Valero Energy in the 2nd quarter valued at $29,000. Summit Securities Group LLC bought a new stake in shares of Valero Energy in the 2nd quarter worth about $31,000. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Valero Energy during the 1st quarter worth about $33,000. Institutional investors own 78.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on VLO shares. The Goldman Sachs Group decreased their price target on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research report on Monday, September 16th. Piper Sandler lowered Valero Energy from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $169.00 to $123.00 in a research note on Friday, September 20th. JPMorgan Chase & Co. reduced their price target on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. TD Cowen decreased their price objective on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, BMO Capital Markets dropped 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 note on Friday, October 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Valero Energy has an average rating of “Moderate Buy” and a consensus target price of $155.86.

Valero Energy Trading Down 1.4 %

NYSE VLO opened at $142.01 on Wednesday. Valero Energy Co. has a 12 month low of $120.21 and a 12 month high of $184.79. The stock has a 50-day simple moving average of $136.15 and a 200 day simple moving average of $146.15. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $44.96 billion, a PE ratio of 12.74, a P/E/G ratio of 2.69 and a beta of 1.39.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating 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 company had revenue of $32.88 billion during the quarter, compared to analysts’ expectations of $31.04 billion. During the same period in the prior year, the business posted $7.49 EPS. Valero Energy’s revenue was down 14.4% on a year-over-year basis. 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. Shareholders of record on Wednesday, November 20th will be issued a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 annualized dividend and a yield of 3.01%. Valero Energy’s dividend payout ratio (DPR) is presently 38.39%.

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.