Valero Energy Co. (NYSE:VLO) Shares Purchased by Glenmede Trust Co. NA

Glenmede Trust Co. NA grew its stake in shares of Valero Energy Co. (NYSE:VLO) by 0.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 45,505 shares of the oil and gas company’s stock after acquiring an additional 134 shares during the period. Glenmede Trust Co. NA’s holdings in Valero Energy were worth $6,145,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of VLO. Kennedy Capital Management LLC purchased a new position in Valero Energy during the 1st quarter worth approximately $206,000. Cetera Investment Advisers lifted its stake in Valero Energy by 78.1% in the 1st quarter. Cetera Investment Advisers now owns 110,825 shares of the oil and gas company’s stock worth $18,917,000 after acquiring an additional 48,613 shares in the last quarter. Cetera Advisors LLC boosted its position in Valero Energy by 242.2% during the 1st quarter. Cetera Advisors LLC now owns 41,165 shares of the oil and gas company’s stock worth $7,026,000 after acquiring an additional 29,135 shares during the period. Pathway Financial Advisers LLC purchased a new position in Valero Energy during the 1st quarter valued at about $33,000. Finally, Bank of New Hampshire increased its holdings in shares of Valero Energy by 91.1% in the 2nd quarter. Bank of New Hampshire now owns 430 shares of the oil and gas company’s stock valued at $67,000 after purchasing an additional 205 shares during the period. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VLO has been the topic of a number of research analyst reports. BMO Capital Markets lowered their price objective on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Barclays cut their price target on Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. The Goldman Sachs Group cut their price objective on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research report on Monday, September 16th. Mizuho dropped their price target on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Finally, Citigroup decreased their price objective on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a report on Friday, October 25th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $155.86.

Valero Energy Price Performance

Shares of Valero Energy stock opened at $139.02 on Friday. The firm has a fifty day moving average price of $136.92 and a two-hundred day moving average price of $145.35. Valero Energy Co. has a fifty-two week low of $120.21 and a fifty-two week 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 1.11. The company has a market cap of $44.01 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 2.59 and a beta of 1.39.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The business 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 revenue for the quarter was down 14.4% compared to the same quarter last year. During the same period last year, the business earned $7.49 earnings per share. Analysts expect that Valero Energy Co. will post 8.92 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently disclosed 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. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Wednesday, November 20th. Valero Energy’s payout ratio 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.