Valero Energy Co. (NYSE:VLO) Stock Position Decreased by Graypoint LLC

Graypoint LLC lessened its holdings in shares of Valero Energy Co. (NYSE:VLO) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,047 shares of the oil and gas company’s stock after selling 574 shares during the period. Graypoint LLC’s holdings in Valero Energy were worth $2,090,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Main Street Financial Solutions LLC lifted its holdings in shares of Valero Energy by 5.7% during the 2nd quarter. Main Street Financial Solutions LLC now owns 1,356 shares of the oil and gas company’s stock worth $213,000 after acquiring an additional 73 shares during the period. Quad Cities Investment Group LLC lifted its holdings in shares of Valero Energy by 1.6% during the 3rd quarter. Quad Cities Investment Group LLC now owns 4,851 shares of the oil and gas company’s stock worth $655,000 after acquiring an additional 75 shares during the period. Providence Wealth Advisors LLC lifted its holdings in shares of Valero Energy by 0.9% during the 3rd quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company’s stock worth $1,169,000 after acquiring an additional 75 shares during the period. New Century Financial Group LLC lifted its holdings in shares of Valero Energy by 5.0% during the 3rd quarter. New Century Financial Group LLC now owns 1,708 shares of the oil and gas company’s stock worth $231,000 after acquiring an additional 81 shares during the period. Finally, Opal Wealth Advisors LLC lifted its holdings in shares of Valero Energy by 4.7% during the 3rd quarter. Opal Wealth Advisors LLC now owns 1,834 shares of the oil and gas company’s stock worth $248,000 after acquiring an additional 82 shares during the period. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. The Goldman Sachs Group reduced their price objective on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a report on Monday, September 16th. BMO Capital Markets dropped their target price on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. TD Cowen dropped their target price on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, Scotiabank dropped their target price on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $154.57.

Valero Energy Trading Up 1.7 %

VLO opened at $127.27 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $40.29 billion, a PE ratio of 11.41, a PEG ratio of 2.43 and a beta of 1.42. Valero Energy Co. has a 1-year low of $116.84 and a 1-year high of $184.79. The firm has a 50-day moving average price of $130.99 and a two-hundred day moving average price of $139.10.

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. As a group, equities analysts anticipate that Valero Energy Co. will post 8.86 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th were paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend was Wednesday, November 20th. Valero Energy’s dividend payout ratio (DPR) 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.