Valero Energy Co. (NYSE:VLO) Shares Acquired by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lifted its stake in Valero Energy Co. (NYSE:VLO) by 21.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,693 shares of the oil and gas company’s stock after purchasing an additional 1,192 shares during the period. OneDigital Investment Advisors LLC’s holdings in Valero Energy were worth $904,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. International Private Wealth Advisors LLC grew its holdings in Valero Energy by 3.4% in the second quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock valued at $309,000 after purchasing an additional 65 shares during the last quarter. OmniStar Financial Group Inc. raised its position in Valero Energy by 1.6% during the second quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock worth $712,000 after acquiring an additional 70 shares during the last quarter. Everhart Financial Group Inc. lifted its holdings in shares of Valero Energy by 5.5% in the second quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $214,000 after purchasing an additional 71 shares in the last quarter. St. Johns Investment Management Company LLC grew its position in shares of Valero Energy by 1.4% in the second quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company’s stock valued at $794,000 after purchasing an additional 72 shares during the last quarter. Finally, Magnus Financial Group LLC increased its stake in shares of Valero Energy by 4.3% during the 2nd quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company’s stock worth $275,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on VLO shares. Wells Fargo & Company upgraded Valero Energy from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $172.00 to $165.00 in a research report on Wednesday, October 9th. Piper Sandler downgraded shares of Valero Energy from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $169.00 to $123.00 in a report on Friday, September 20th. Barclays reduced their price objective on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. BMO Capital Markets lowered 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. Finally, Citigroup reduced their price target on Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research note 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. According to MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and an average target price of $155.86.

Valero Energy Stock Down 1.4 %

VLO opened at $142.01 on Wednesday. The company has a market cap of $44.96 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 2.57 and a beta of 1.39. 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 Co. has a 1 year low of $120.21 and a 1 year high of $184.79. The firm has a 50 day moving average price of $136.15 and a 200 day moving average price of $146.15.

Valero Energy (NYSE:VLO) last issued its 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 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 last year, the firm posted $7.49 EPS. The business’s revenue for the quarter was down 14.4% compared to the same quarter last year. Sell-side analysts expect that Valero Energy Co. will post 9.1 earnings per share for the current year.

Valero Energy Announces Dividend

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 paid a $1.07 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.01%. Valero Energy’s dividend payout ratio (DPR) is currently 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.