CreativeOne Wealth LLC Boosts Stake in Valero Energy Co. (NYSE:VLO)

CreativeOne Wealth LLC boosted its stake in shares of Valero Energy Co. (NYSE:VLO) by 67.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,724 shares of the oil and gas company’s stock after purchasing an additional 3,934 shares during the period. CreativeOne Wealth LLC’s holdings in Valero Energy were worth $1,313,000 at the end of the most recent quarter.

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

Valero Energy Stock Performance

NYSE VLO opened at $139.02 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The business’s 50 day moving average price is $136.92 and its 200-day moving average price is $145.35. The company has a market cap of $44.01 billion, a P/E ratio of 12.47, a P/E/G ratio of 2.59 and a beta of 1.39. Valero Energy Co. has a fifty-two week low of $120.21 and a fifty-two week high of $184.79.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.16. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. During the same quarter in the prior year, the firm posted $7.49 earnings per share. The business’s revenue for the quarter was down 14.4% on a year-over-year basis. Sell-side analysts predict that Valero Energy Co. will post 8.92 earnings per share for the current year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.08%. Valero Energy’s dividend payout ratio (DPR) is presently 38.39%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. BMO Capital Markets lowered their price target on Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. The Goldman Sachs Group dropped 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 report on Monday, September 16th. Citigroup reduced their price target on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Scotiabank dropped their price objective on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, TD Cowen decreased their target price on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $155.86.

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.