Valero Energy Co. (NYSE:VLO) Shares Sold by Donaldson Capital Management LLC

Donaldson Capital Management LLC lowered its position in Valero Energy Co. (NYSE:VLO) by 19.9% during the third quarter, HoldingsChannel.com reports. The fund owned 24,630 shares of the oil and gas company’s stock after selling 6,104 shares during the quarter. Donaldson Capital Management LLC’s holdings in Valero Energy were worth $3,326,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of VLO. Manning & Napier Advisors LLC purchased a new position in shares of Valero Energy in the second quarter valued at $15,945,000. Allspring Global Investments Holdings LLC raised its position in Valero Energy by 1.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,293,589 shares of the oil and gas company’s stock worth $174,673,000 after acquiring an additional 22,571 shares during the last quarter. 180 Wealth Advisors LLC purchased a new stake in shares of Valero Energy in the second quarter valued at about $535,000. UniSuper Management Pty Ltd increased its stake in shares of Valero Energy by 223.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 10,796 shares of the oil and gas company’s stock worth $1,843,000 after purchasing an additional 7,455 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Valero Energy by 23.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 42,716 shares of the oil and gas company’s stock worth $6,696,000 after purchasing an additional 8,198 shares during the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Mizuho reduced their price target on Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. JPMorgan Chase & Co. reduced their target price on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Citigroup decreased 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. Scotiabank dropped their price objective on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Finally, Piper Sandler lowered shares of Valero Energy from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $169.00 to $123.00 in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $156.29.

Valero Energy Stock Performance

Valero Energy stock opened at $128.22 on Monday. Valero Energy Co. has a 12-month low of $119.88 and a 12-month high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.04. The company has a market capitalization of $41.08 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 2.32 and a beta of 1.39. The firm’s fifty day moving average price is $136.69 and its 200 day moving average price is $148.29.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The business had revenue of $32.88 billion for the quarter, compared to analysts’ expectations of $31.04 billion. During the same quarter in the previous year, the firm posted $7.49 earnings per share. The company’s revenue was down 14.4% compared to the same quarter last year. On average, research analysts forecast that Valero Energy Co. will post 9.32 EPS for the current fiscal year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be paid 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 yield of 3.34%. Valero Energy’s dividend payout ratio (DPR) is 38.39%.

Valero Energy 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.