Valero Energy Co. (NYSE:VLO) Shares Purchased by Summit Trail Advisors LLC

by · The Cerbat Gem

Summit Trail Advisors LLC increased its holdings in shares of Valero Energy Co. (NYSE:VLO – Free Report) by 9.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,597 shares of the oil and gas company’s stock after purchasing an additional 302 shares during the period. Summit Trail Advisors LLC’s holdings in Valero Energy were worth $486,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of VLO. Kennedy Capital Management LLC acquired a new stake in Valero Energy during the 1st quarter worth $206,000. B. Riley Wealth Advisors Inc. boosted its stake in Valero Energy by 2.2% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 11,464 shares of the oil and gas company’s stock worth $1,957,000 after purchasing an additional 248 shares during the period. Coppell Advisory Solutions Corp. acquired a new stake in Valero Energy during the 1st quarter worth $753,000. Comerica Bank lifted its stake in shares of Valero Energy by 3.8% in the 1st quarter. Comerica Bank now owns 86,182 shares of the oil and gas company’s stock worth $14,710,000 after acquiring an additional 3,167 shares during the period. Finally, Plato Investment Management Ltd lifted its stake in shares of Valero Energy by 971.1% in the 1st quarter. Plato Investment Management Ltd now owns 6,512 shares of the oil and gas company’s stock worth $1,112,000 after acquiring an additional 5,904 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. The Goldman Sachs Group reduced their target price on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research note on Monday, September 16th. Barclays reduced their target price on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Bank of America assumed coverage on shares of Valero Energy in a research note on Thursday, October 17th. They issued a “neutral” rating and a $150.00 target price for the company. BMO Capital Markets reduced 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 note on Friday, October 4th. Finally, TD Cowen reduced 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. One equities research analyst has rated the stock with a sell rating, four have assigned 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.com, Valero Energy has an average rating of “Moderate Buy” and a consensus target price of $155.86.

Check Out Our Latest Stock Analysis on Valero Energy

Valero Energy Stock Performance

NYSE:VLO opened at $139.82 on Wednesday. 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 firm has a 50-day moving average price of $136.79 and a two-hundred day moving average price of $145.56. Valero Energy Co. has a twelve month low of $120.21 and a twelve month high of $184.79. The company has a market capitalization of $44.26 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 2.63 and a beta of 1.39.

Valero Energy (NYSE:VLO – Get Free Report) last posted its earnings results 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. 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 during the quarter, compared to the consensus estimate of $31.04 billion. During the same period last year, the firm posted $7.49 EPS. The firm’s revenue for the quarter was down 14.4% on a year-over-year basis. As a group, research analysts expect that Valero Energy Co. will post 8.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $1.07 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 annualized dividend and a yield of 3.06%. Valero Energy’s dividend payout ratio (DPR) is currently 38.39%.

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.

Further Reading

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