Valero Energy Co. (NYSE:VLO) Holdings Raised by Fortem Financial Group LLC

Fortem Financial Group LLC grew its position in Valero Energy Co. (NYSE:VLO) by 85.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,572 shares of the oil and gas company’s stock after acquiring an additional 4,879 shares during the quarter. Fortem Financial Group LLC’s holdings in Valero Energy were worth $1,428,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in VLO. Charles Schwab Investment Management Inc. grew its stake in Valero Energy by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,287,269 shares of the oil and gas company’s stock worth $1,389,090,000 after buying an additional 50,837 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Valero Energy by 2.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock worth $1,090,532,000 after buying an additional 192,397 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Valero Energy by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock worth $677,007,000 after buying an additional 237,347 shares during the last quarter. Pacer Advisors Inc. grew its stake in Valero Energy by 18.8% during the 3rd quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock worth $484,105,000 after buying an additional 567,059 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in Valero Energy by 4,908.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company’s stock worth $384,907,000 after buying an additional 2,793,607 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VLO. Bank of America began coverage on Valero Energy in a research note on Thursday, October 17th. They set a “neutral” rating and a $150.00 price objective for the company. BMO Capital Markets decreased their price target on Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Wells Fargo & Company decreased their price target on Valero Energy from $165.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday. Scotiabank decreased their price target on 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, The Goldman Sachs Group decreased their price target on Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.50.

Valero Energy Trading Down 1.6 %

Shares of Valero Energy stock opened at $132.34 on Wednesday. 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 firm has a market cap of $41.90 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 2.47 and a beta of 1.40. The business has a fifty day simple moving average of $136.97 and a 200-day simple moving average of $144.03. Valero Energy Co. has a fifty-two week low of $120.21 and a fifty-two week high of $184.79.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $31.04 billion. During the same period in the prior year, the business posted $7.49 earnings per share. Valero Energy’s revenue was down 14.4% compared to the same quarter last year. On average, equities analysts forecast that Valero Energy Co. will post 8.89 EPS for the current fiscal year.

Valero Energy Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Wednesday, November 20th. Valero Energy’s dividend payout ratio is 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.