People s United Financial Inc. trimmed its stake in shares of Valero Energy Co. (NYSE:VLO) by 14.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,413 shares of the oil and gas company’s stock after selling 4,189 shares during the quarter. People s United Financial Inc.’s holdings in Valero Energy were worth $2,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Truvestments Capital LLC bought a new position in shares of Valero Energy during the third quarter worth about $101,000. Honkamp Krueger Financial Services Inc. bought a new position in shares of Valero Energy during the third quarter worth about $135,000. Reilly Financial Advisors LLC raised its position in shares of Valero Energy by 1,164.4% during the third quarter. Reilly Financial Advisors LLC now owns 1,315 shares of the oil and gas company’s stock worth $150,000 after acquiring an additional 1,211 shares during the last quarter. Gradient Investments LLC raised its position in shares of Valero Energy by 68.1% during the third quarter. Gradient Investments LLC now owns 1,353 shares of the oil and gas company’s stock worth $154,000 after acquiring an additional 548 shares during the last quarter. Finally, Icon Wealth Partners LLC acquired a new stake in Valero Energy during the second quarter worth approximately $161,000. Institutional investors own 78.74% of the company’s stock.
Shares of Valero Energy stock opened at $79.51 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.59 and a debt-to-equity ratio of 0.39. Valero Energy Co. has a 52 week low of $76.25 and a 52 week high of $126.98. The company has a market capitalization of $33.74 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 0.33 and a beta of 1.08.
Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 25th. The oil and gas company reported $2.01 EPS for the quarter, beating the Zacks’ consensus estimate of $1.95 by $0.06. Valero Energy had a return on equity of 11.90% and a net margin of 3.96%. The firm had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $31.82 billion. As a group, research analysts predict that Valero Energy Co. will post 6.21 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Tuesday, November 20th will be paid a $0.80 dividend. The ex-dividend date is Monday, November 19th. This represents a $3.20 dividend on an annualized basis and a yield of 4.02%. Valero Energy’s dividend payout ratio (DPR) is presently 64.52%.
Several equities research analysts recently commented on VLO shares. Standpoint Research raised Valero Energy from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Wells Fargo & Co decreased their target price on Valero Energy from $141.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, October 26th. ValuEngine raised Valero Energy from a “sell” rating to a “hold” rating in a research note on Monday, November 26th. Goldman Sachs Group cut Valero Energy from a “neutral” rating to a “sell” rating in a research note on Friday, October 19th. Finally, Tudor Pickering cut Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $116.80.
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About Valero Energy
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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