Valero Energy Co. (NYSE:VLO) Shares Purchased by Resources Management Corp CT ADV

Resources Management Corp CT ADV increased its position in shares of Valero Energy Co. (NYSE:VLO) by 4.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,944 shares of the oil and gas company’s stock after purchasing an additional 1,171 shares during the quarter. Resources Management Corp CT ADV’s holdings in Valero Energy were worth $3,638,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in shares of Valero Energy by 4,908.0% in the third quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company’s stock worth $384,907,000 after acquiring an additional 2,793,607 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Valero Energy by 11,318.9% in the third quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company’s stock worth $145,339,000 after acquiring an additional 1,066,923 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Valero Energy by 900.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 631,095 shares of the oil and gas company’s stock worth $85,217,000 after acquiring an additional 568,000 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Valero Energy by 18.8% in the third quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock worth $484,105,000 after acquiring an additional 567,059 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of Valero Energy in the third quarter worth $70,352,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Price Performance

VLO stock opened at $134.57 on Tuesday. The stock has a 50-day moving average price of $136.97 and a two-hundred day moving average price of $144.03. Valero Energy Co. has a 12-month low of $120.21 and a 12-month high of $184.79. 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 cap of $42.60 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 2.47 and a beta of 1.40.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $31.04 billion. During the same quarter in the prior year, the business earned $7.49 earnings per share. The company’s revenue was down 14.4% compared to the same quarter last year. As a group, research analysts predict that Valero Energy Co. will post 8.89 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Wednesday, November 20th. Valero Energy’s payout ratio is 38.39%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VLO. Scotiabank cut 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. TD Cowen cut their price target on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, October 25th. Piper Sandler downgraded 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 research report on Friday, September 20th. Citigroup lowered their price objective on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, BMO Capital Markets lowered their price objective on Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.