Integrated Wealth Concepts LLC Increases Stock Holdings in Valero Energy Co. (NYSE:VLO)

Integrated Wealth Concepts LLC lifted its stake in shares of Valero Energy Co. (NYSE:VLO) by 7.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,258 shares of the oil and gas company’s stock after buying an additional 2,577 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Valero Energy were worth $5,031,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. International Private Wealth Advisors LLC increased its holdings in Valero Energy by 3.4% during the 2nd quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock worth $309,000 after purchasing an additional 65 shares during the last quarter. OmniStar Financial Group Inc. increased its holdings in Valero Energy by 1.6% during the 2nd quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock worth $712,000 after purchasing an additional 70 shares during the last quarter. Everhart Financial Group Inc. increased its holdings in Valero Energy by 5.5% during the 2nd quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock worth $214,000 after purchasing an additional 71 shares during the last quarter. St. Johns Investment Management Company LLC increased its holdings in Valero Energy by 1.4% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company’s stock worth $794,000 after purchasing an additional 72 shares during the last quarter. Finally, Magnus Financial Group LLC increased its holdings in Valero Energy by 4.3% during the 2nd quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company’s stock worth $275,000 after purchasing an additional 73 shares during the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Trading Down 2.5 %

Shares of VLO stock opened at $134.07 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. Valero Energy Co. has a 1 year low of $120.21 and a 1 year high of $184.79. The stock has a fifty day moving average of $137.14 and a two-hundred day moving average of $144.78. The firm has a market capitalization of $42.44 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 2.57 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 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The company had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. During the same quarter in the previous year, the business earned $7.49 EPS. The company’s quarterly revenue was down 14.4% compared to the same quarter last year. As a group, research analysts expect that Valero Energy Co. will post 8.92 EPS for the current year.

Valero Energy Announces Dividend

The company also recently disclosed 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. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Wednesday, November 20th. Valero Energy’s dividend payout ratio is presently 38.39%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on VLO shares. TD Cowen dropped their price objective on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, October 25th. BMO Capital Markets lowered their price target on Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, October 4th. The Goldman Sachs Group lowered their price target on Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a report on Monday, September 16th. Bank of America started coverage on Valero Energy in a report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price target for the company. Finally, Barclays lowered their price target on Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.86.

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.