Foster & Motley Inc. Raises Stake in Valero Energy Co. (NYSE:VLO)
Foster & Motley Inc. increased its stake in Valero Energy Co. (NYSE:VLO) by 23.3% in Q3, owning 20,802 shares after acquiring 3,934 additional shares. The investment is valued at $2,809,000. Institutional investors hold 78.69% of Valero's stock. Valero reported Q3 earnings of $1.14 per share, exceeding estimates, with revenue of $10.88 billion. The company announced a quarterly dividend of $0.07 per share, payable on December 20th. Analysts have mixed ratings on Valero, with price targets adjusted recently.
Foster & Motley Inc. raised its position in Valero Energy Co. (NYSE:VLO - Free Report) by 23.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,802 shares of the oil and gas company's stock after purchasing an additional 3,934 shares during the period. Foster & Motley Inc.'s holdings in Valero Energy were worth $2,809,000 as of its most recent filing with the Securities and Exchange Commission.
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A number of other hedge funds and other institutional investors have also modified their holdings of the company. Norden Group LLC purchased a new stake in Valero Energy during the first quarter worth approximately $452,000. Central Pacific Bank Trust Division purchased a new stake in shares of Valero Energy during the 1st quarter worth approximately $229,000. Advisory Services Network LLC boosted its holdings in shares of Valero Energy by 5.7% in the 1st quarter. Advisory Services Network LLC now owns 36,920 shares of the oil and gas company's stock valued at $6,302,000 after buying an additional 1,979 shares in the last quarter. Empirical Finance LLC grew its holdings in shares of Valero Energy by 2.1% during the first quarter. Empirical Finance LLC now owns 20,943 shares of the oil and gas company's stock worth $3,575,000 after purchasing an additional 431 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of Valero Energy by 54.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 18,717 shares of the oil and gas company's stock worth $3,195,000 after purchasing an additional 6,593 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.
Valero Energy Stock Performance
NYSE VLO opened at $138.71 on Thursday. 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 company has a market capitalization of $44.44 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 2.32 and a beta of 1.39. The business's 50-day moving average price is $136.20 and its 200 day moving average price is $147.77. Valero Energy Co. has a twelve month low of $119.88 and a twelve month high of $184.79.
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Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. During the same period in the prior year, the firm posted $7.49 EPS. The company's revenue was down 14.4% on a year-over-year basis. On average, research analysts predict that Valero Energy Co. will post 9.32 earnings per share for the current year.
Valero Energy Announces Dividend
The business 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 dividend of $1.07 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.09%. Valero Energy's dividend payout ratio is presently 38.39%.
Analyst Upgrades and Downgrades
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VLO has been the subject of a number of research reports. Piper Sandler cut Valero Energy from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $169.00 to $123.00 in a research note on Friday, September 20th. JPMorgan Chase & Co. reduced their price target on shares of Valero Energy from $172.00 to $151.00 and set an "overweight" rating for the company in a research report on Wednesday, October 2nd. StockNews.com lowered shares of Valero Energy from a "buy" rating to a "hold" rating in a research note on Wednesday, July 17th. TD Cowen decreased 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 note on Friday, October 25th. Finally, Citigroup dropped their price target on Valero Energy from $192.00 to $176.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Valero Energy has an average rating of "Moderate Buy" and a consensus target price of $156.29.
Check Out Our Latest Analysis on Valero Energy
Valero Energy Profile
(Free Report)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.
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