Valero Energy Co. (NYSE:VLO) Shares Bought by Fortem Financial Group LLC

Fortem Financial Group LLC grew its holdings in Valero Energy Co. (NYSE:VLO) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,998 shares of the oil and gas company’s stock after acquiring an additional 426 shares during the period. Fortem Financial Group LLC’s holdings in Valero Energy were worth $1,348,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC boosted its position in Valero Energy by 3.4% in the 2nd quarter. Private Advisor Group LLC now owns 46,220 shares of the oil and gas company’s stock worth $7,245,000 after purchasing an additional 1,520 shares in the last quarter. Candriam S.C.A. increased its holdings in shares of Valero Energy by 8.0% during the 2nd quarter. Candriam S.C.A. now owns 164,059 shares of the oil and gas company’s stock worth $25,717,000 after buying an additional 12,147 shares during the last quarter. Savant Capital LLC increased its stake in Valero Energy by 17.8% during the second quarter. Savant Capital LLC now owns 27,959 shares of the oil and gas company’s stock worth $4,383,000 after acquiring an additional 4,217 shares during the last quarter. Norden Group LLC raised its holdings in Valero Energy by 18.3% in the 2nd quarter. Norden Group LLC now owns 3,132 shares of the oil and gas company’s stock valued at $491,000 after buying an additional 484 shares during the period. Finally, Strategic Financial Concepts LLC increased its position in shares of Valero Energy by 5,218.9% during the second quarter. Strategic Financial Concepts LLC now owns 148,717 shares of the oil and gas company’s stock valued at $23,313,000 after acquiring an additional 145,921 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Down 2.0 %

Shares of Valero Energy stock traded down $2.54 during trading on Monday, hitting $121.72. 1,404,494 shares of the stock traded hands, compared to its average volume of 1,786,959. The company has a fifty day moving average price of $131.46 and a two-hundred day moving average price of $139.86. Valero Energy Co. has a twelve month low of $116.84 and a twelve month high of $184.79. The stock has a market cap of $38.53 billion, a P/E ratio of 10.92, a PEG ratio of 2.43 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $31.04 billion. During the same period last year, the business posted $7.49 EPS. Valero Energy’s revenue was down 14.4% compared to the same quarter last year. Equities research analysts predict that Valero Energy Co. will post 8.86 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th were given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Wednesday, November 20th. Valero Energy’s dividend payout ratio (DPR) is 38.39%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VLO shares. Barclays decreased their price target on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Mizuho cut their price target on shares of Valero Energy from $171.00 to $165.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Scotiabank decreased their target price on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Bank of America began coverage on shares of Valero Energy in a report on Thursday, October 17th. They set a “neutral” rating and a $150.00 target price for the company. Finally, JPMorgan Chase & Co. dropped their price target on Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $155.07.

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.