Valero Energy Co. (NYSE:VLO) Shares Sold by Capital Advisors Inc. OK

Capital Advisors Inc. OK trimmed its holdings in Valero Energy Co. (NYSE:VLO) by 92.9% during the third quarter, HoldingsChannel.com reports. The firm owned 9,656 shares of the oil and gas company’s stock after selling 125,870 shares during the period. Capital Advisors Inc. OK’s holdings in Valero Energy were worth $1,304,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norden Group LLC bought a new position in Valero Energy during the 1st quarter worth approximately $452,000. J.W. Cole Advisors Inc. increased its stake in Valero Energy by 4.9% during the first quarter. J.W. Cole Advisors Inc. now owns 3,675 shares of the oil and gas company’s stock valued at $629,000 after purchasing an additional 170 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of Valero Energy during the first quarter worth $543,000. Sequoia Financial Advisors LLC lifted its position in shares of Valero Energy by 12.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 15,834 shares of the oil and gas company’s stock worth $2,703,000 after buying an additional 1,811 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Valero Energy by 47.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 233,125 shares of the oil and gas company’s stock valued at $37,156,000 after buying an additional 74,782 shares during the period. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Price Performance

VLO stock opened at $128.22 on Friday. Valero Energy Co. has a one year low of $119.88 and a one year high of $184.79. The firm has a 50-day moving average of $136.69 and a two-hundred day moving average of $148.56. The firm has a market capitalization of $41.08 billion, a PE ratio of 11.50, a P/E/G ratio of 2.32 and a beta of 1.39. The company has a current ratio of 1.57, a quick ratio of 1.04 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.16. The company had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The company’s revenue was down 14.4% on a year-over-year basis. During the same period in the previous year, the business earned $7.49 EPS. On average, analysts forecast that Valero Energy Co. will post 9.32 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders 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 yield of 3.34%. Valero Energy’s payout ratio is 38.39%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on VLO shares. BMO Capital Markets cut their target price on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. TD Cowen cut their price target on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, October 25th. 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 note on Friday, September 20th. Scotiabank reduced their price target on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, The Goldman Sachs Group lowered their price target on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.