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

SpiderRock Advisors LLC boosted its stake in shares of Valero Energy Co. (NYSE:VLO) by 6.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,389 shares of the oil and gas company’s stock after purchasing an additional 431 shares during the quarter. SpiderRock Advisors LLC’s holdings in Valero Energy were worth $998,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. EdgeRock Capital LLC bought a new position in shares of Valero Energy during the second quarter worth about $27,000. Lynx Investment Advisory acquired a new position in Valero Energy during the 2nd quarter valued at about $29,000. Summit Securities Group LLC bought a new position in Valero Energy in the 2nd quarter worth about $31,000. Pathway Financial Advisers LLC bought a new stake in shares of Valero Energy during the first quarter valued at approximately $33,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of Valero Energy during the third quarter worth approximately $34,000. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VLO has been the topic of several analyst reports. Scotiabank lowered 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 started coverage on shares of Valero Energy in a research note on Thursday, October 17th. They set a “neutral” rating and a $150.00 price objective on the stock. Wolfe Research initiated coverage on shares of Valero Energy in a research report on Thursday, July 18th. They issued an “outperform” rating and a $177.00 target price for the company. TD Cowen dropped their price target on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, Piper Sandler cut shares of Valero Energy from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $169.00 to $123.00 in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.29.

Valero Energy Stock Up 0.4 %

Shares of Valero Energy stock opened at $136.69 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 12-month low of $119.88 and a 12-month high of $184.79. The firm has a market capitalization of $43.27 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 2.47 and a beta of 1.39. The stock’s fifty day moving average is $135.89 and its 200-day moving average is $147.34.

Valero Energy (NYSE:VLO) last released its quarterly 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 quarter in the previous year, the business earned $7.49 earnings per share. The firm’s revenue was down 14.4% compared to the same quarter last year. Equities analysts anticipate that Valero Energy Co. will post 9.21 earnings per share for the current year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.13%. Valero Energy’s dividend payout ratio is 38.39%.

Valero Energy Company Profile

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.