Field & Main Bank Buys 235 Shares of Valero Energy Co. (NYSE:VLO)

Field & Main Bank grew its stake in Valero Energy Co. (NYSE:VLO) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,850 shares of the oil and gas company’s stock after purchasing an additional 235 shares during the period. Field & Main Bank’s holdings in Valero Energy were worth $1,060,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in VLO. Kerusso Capital Management LLC raised its holdings in Valero Energy by 6.4% in the 3rd quarter. Kerusso Capital Management LLC now owns 11,051 shares of the oil and gas company’s stock valued at $1,492,000 after acquiring an additional 664 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in Valero Energy by 25.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 11,928 shares of the oil and gas company’s stock valued at $1,611,000 after buying an additional 2,406 shares during the period. Beta Wealth Group Inc. raised its stake in shares of Valero Energy by 89.0% in the 3rd quarter. Beta Wealth Group Inc. now owns 3,404 shares of the oil and gas company’s stock valued at $460,000 after buying an additional 1,603 shares in the last quarter. Rovin Capital UT ADV raised its position in Valero Energy by 8.9% in the third quarter. Rovin Capital UT ADV now owns 2,292 shares of the oil and gas company’s stock worth $309,000 after purchasing an additional 187 shares in the last quarter. Finally, SpiderRock Advisors LLC lifted its stake in Valero Energy by 6.2% during the third quarter. SpiderRock Advisors LLC now owns 7,389 shares of the oil and gas company’s stock worth $998,000 after purchasing an additional 431 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on VLO shares. Citigroup lowered their price target on Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Piper Sandler downgraded shares of Valero Energy from an “overweight” rating to a “neutral” rating and cut their price target for the company from $169.00 to $123.00 in a report on Friday, September 20th. Wolfe Research initiated coverage on shares of Valero Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $177.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Finally, Bank of America started coverage on Valero Energy in a research report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.29.

Valero Energy Price Performance

Valero Energy stock opened at $136.69 on Friday. The stock has a market cap of $43.27 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 2.47 and a beta of 1.39. Valero Energy Co. has a 12-month low of $119.88 and a 12-month high of $184.79. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The business’s 50-day simple moving average is $135.89 and its 200 day simple moving average is $147.48.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. The company had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The firm’s quarterly revenue was down 14.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $7.49 EPS. As a group, research analysts anticipate that Valero Energy Co. will post 9.21 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently declared 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 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 (DPR) is presently 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.