Valero Energy Co. (NYSE:VLO) Position Reduced by MeadowBrook Investment Advisors LLC

MeadowBrook Investment Advisors LLC cut its position in shares of Valero Energy Co. (NYSE:VLO) by 94.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 420 shares of the oil and gas company’s stock after selling 7,215 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Valero Energy were worth $57,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of VLO. Manning & Napier Advisors LLC acquired a new stake in shares of Valero Energy during the second quarter worth $15,945,000. Allspring Global Investments Holdings LLC grew its position in Valero Energy by 1.8% during the 3rd 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 purchasing an additional 22,571 shares in the last quarter. 180 Wealth Advisors LLC purchased a new position in shares of Valero Energy during the second quarter valued at $535,000. UniSuper Management Pty Ltd boosted its position in 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 acquiring an additional 7,455 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Valero Energy by 23.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 42,716 shares of the oil and gas company’s stock valued at $6,696,000 after purchasing an additional 8,198 shares during the period. Institutional investors own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VLO. Piper Sandler lowered shares of Valero Energy from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $169.00 to $123.00 in a research note on Friday, September 20th. JPMorgan Chase & Co. cut their price target on Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Wells Fargo & Company raised Valero Energy from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $172.00 to $165.00 in a research note on Wednesday, October 9th. The Goldman Sachs Group reduced their target price on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research note on Monday, September 16th. Finally, BMO Capital Markets dropped their price target on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.86.

Valero Energy Price Performance

NYSE VLO traded down $1.09 during trading hours on Thursday, reaching $138.47. 508,956 shares of the company’s stock were exchanged, compared to its average volume of 2,942,959. The firm has a fifty day moving average of $135.62 and a 200-day moving average of $146.75. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a one year low of $120.21 and a one year high of $184.79. The stock has a market cap of $43.84 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 2.51 and a beta of 1.39.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.16. The firm had revenue of $32.88 billion during the quarter, compared to analysts’ expectations of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The company’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same quarter last year, the company posted $7.49 EPS. On average, equities research analysts predict that Valero Energy Co. will post 9.1 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The firm 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 $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 yield of 3.09%. Valero Energy’s payout ratio is presently 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.