Valero Energy Co. (NYSE:VLO) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. cut its holdings in shares of Valero Energy Co. (NYSE:VLO) by 13.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,604 shares of the oil and gas company’s stock after selling 1,740 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Valero Energy were worth $1,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. 1ST Source Bank lifted its holdings in shares of Valero Energy by 3.3% in the 3rd quarter. 1ST Source Bank now owns 4,286 shares of the oil and gas company’s stock valued at $579,000 after buying an additional 135 shares during the period. Oddo BHF Asset Management Sas purchased a new position in Valero Energy during the third quarter valued at approximately $2,283,000. Franklin Resources Inc. raised its position in Valero Energy by 5.6% during the third quarter. Franklin Resources Inc. now owns 4,687,585 shares of the oil and gas company’s stock valued at $639,268,000 after acquiring an additional 247,630 shares in the last quarter. Synovus Financial Corp lifted its holdings in Valero Energy by 43.6% in the third quarter. Synovus Financial Corp now owns 20,642 shares of the oil and gas company’s stock valued at $2,787,000 after acquiring an additional 6,272 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Valero Energy in the 3rd quarter worth approximately $342,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on VLO. Bank of America began coverage on shares of Valero Energy in a report on Thursday, October 17th. They set a “neutral” rating and a $150.00 target price for the company. Mizuho cut their price objective on shares of Valero Energy from $171.00 to $165.00 and set an “outperform” rating for the company in a report on Monday. Scotiabank lowered their target price on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. BMO Capital Markets cut 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. Finally, Barclays lowered their price target on Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. One research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.07.

Valero Energy Trading Down 3.2 %

Shares of VLO stock opened at $125.07 on Tuesday. Valero Energy Co. has a fifty-two week low of $124.02 and a fifty-two week high of $184.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The stock’s fifty day moving average is $135.89 and its two-hundred day moving average is $143.00. The firm has a market capitalization of $39.60 billion, a P/E ratio of 11.22, a PEG ratio of 2.43 and a beta of 1.39.

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, topping the consensus estimate of $0.98 by $0.16. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The firm had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. During the same period last year, the firm posted $7.49 earnings per share. The company’s revenue for the quarter was down 14.4% on a year-over-year basis. Research analysts expect that Valero Energy Co. will post 8.86 earnings per share for the current fiscal 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 given 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 3.42%. Valero Energy’s dividend payout ratio (DPR) is presently 38.39%.

About Valero Energy

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.