RKL Wealth Management LLC decreased its position in Valero Energy Corporation (NYSE:VLO) by 30.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 8,992 shares of the oil and gas company’s stock after selling 3,911 shares during the period. RKL Wealth Management LLC’s holdings in Valero Energy Corporation were worth $693,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Amalgamated Bank grew its stake in Valero Energy Corporation by 6.2% during the first quarter. Amalgamated Bank now owns 32,742 shares of the oil and gas company’s stock worth $2,170,000 after purchasing an additional 1,914 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its holdings in Valero Energy Corporation by 1.2% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 15,015 shares of the oil and gas company’s stock valued at $995,000 after purchasing an additional 180 shares during the last quarter. Brown Advisory Securities LLC grew its holdings in Valero Energy Corporation by 0.7% during the first quarter. Brown Advisory Securities LLC now owns 3,815 shares of the oil and gas company’s stock valued at $254,000 after purchasing an additional 25 shares during the last quarter. HighVista Strategies LLC bought a new stake in shares of Valero Energy Corporation in the first quarter valued at approximately $1,014,000. Finally, Precocity Capital LP boosted its position in shares of Valero Energy Corporation by 100.0% in the first quarter. Precocity Capital LP now owns 200,000 shares of the oil and gas company’s stock valued at $13,258,000 after acquiring an additional 100,000 shares during the period. Hedge funds and other institutional investors own 80.81% of the company’s stock.
Several research firms have recently weighed in on VLO. UBS AG increased their price objective on Valero Energy Corporation from $80.00 to $83.00 and gave the company a “neutral” rating in a research report on Wednesday. Standpoint Research cut Valero Energy Corporation from a “buy” rating to a “hold” rating in a research report on Thursday. US Capital Advisors cut Valero Energy Corporation from an “overweight” rating to a “hold” rating in a research report on Thursday, August 17th. Macquarie reaffirmed a “neutral” rating on shares of Valero Energy Corporation in a research report on Monday, October 23rd. They noted that the move was a valuation call. Finally, BidaskClub cut Valero Energy Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $79.35.
Valero Energy Corporation (NYSE VLO) traded up $0.65 during trading hours on Thursday, hitting $82.13. The company’s stock had a trading volume of 1,339,464 shares, compared to its average volume of 4,082,086. The firm has a market cap of $35,990.00, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17. Valero Energy Corporation has a 52-week low of $60.35 and a 52-week high of $82.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 1.24.
Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.08. The firm had revenue of $23.56 billion for the quarter, compared to analyst estimates of $19.42 billion. Valero Energy Corporation had a return on equity of 9.87% and a net margin of 2.33%. The business’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.24 EPS. equities research analysts forecast that Valero Energy Corporation will post 4.83 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Monday, November 20th. Valero Energy Corporation’s dividend payout ratio (DPR) is 60.74%.
In other Valero Energy Corporation news, Director Philip J. Pfeiffer sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $81.42, for a total transaction of $122,130.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephen M. Waters sold 656 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $75.86, for a total value of $49,764.16. The disclosure for this sale can be found here. Insiders have sold a total of 58,268 shares of company stock worth $4,263,601 in the last ninety days. Insiders own 0.45% of the company’s stock.
Valero Energy Corporation Company Profile
Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.
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