Realta Investment Advisors Has $593,000 Stake in Valero Energy Co. (NYSE:VLO)

Realta Investment Advisors cut its position in Valero Energy Co. (NYSE:VLO) by 43.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,201 shares of the oil and gas company’s stock after selling 3,193 shares during the quarter. Realta Investment Advisors’ holdings in Valero Energy were worth $593,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Manning & Napier Advisors LLC acquired a new position in shares of Valero Energy during the 2nd quarter worth $15,945,000. Allspring Global Investments Holdings LLC grew its position in Valero Energy by 1.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,293,589 shares of the oil and gas company’s stock valued at $174,673,000 after acquiring an additional 22,571 shares during the last quarter. 180 Wealth Advisors LLC acquired a new position in Valero Energy during the second quarter worth about $535,000. UniSuper Management Pty Ltd lifted its holdings in shares of Valero Energy by 223.1% in the first quarter. UniSuper Management Pty Ltd now owns 10,796 shares of the oil and gas company’s stock worth $1,843,000 after acquiring an additional 7,455 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Valero Energy by 23.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 42,716 shares of the oil and gas company’s stock worth $6,696,000 after buying an additional 8,198 shares in the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Stock Down 1.2 %

Shares of NYSE:VLO traded down $1.54 during trading on Friday, reaching $128.22. 2,169,961 shares of the stock were exchanged, compared to its average volume of 2,574,284. Valero Energy Co. has a 1-year low of $119.88 and a 1-year high of $184.79. The firm has a market cap of $41.08 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 2.32 and a beta of 1.39. The stock has a fifty day moving average of $136.69 and a two-hundred day moving average of $148.56. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.04.

Valero Energy (NYSE:VLO) last posted 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 company had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The firm’s revenue was down 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.49 EPS. Research analysts anticipate that Valero Energy Co. will post 9.32 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. Investors of record on Wednesday, November 20th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 annualized dividend and a yield of 3.34%. Valero Energy’s dividend payout ratio (DPR) is currently 38.39%.

Analysts Set New Price Targets

VLO has been the subject of a number of research reports. StockNews.com lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Wolfe Research began coverage on shares of Valero Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $177.00 price target on the stock. The Goldman Sachs Group lowered their target price on Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research report on Monday, September 16th. Mizuho reduced their price target on Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Finally, Piper Sandler downgraded Valero Energy from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $169.00 to $123.00 in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.29.

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.