Rovin Capital UT ADV Raises Stake in Valero Energy Co. (NYSE:VLO)

Rovin Capital UT ADV grew its stake in Valero Energy Co. (NYSE:VLO) by 8.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,292 shares of the oil and gas company’s stock after purchasing an additional 187 shares during the period. Rovin Capital UT ADV’s holdings in Valero Energy were worth $309,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. EdgeRock Capital LLC acquired a new stake in shares of Valero Energy during the second quarter worth $27,000. Lynx Investment Advisory purchased a new stake in shares of Valero Energy during the second quarter valued at approximately $29,000. Summit Securities Group LLC purchased a new position in Valero Energy in the 2nd quarter valued at about $31,000. Pathway Financial Advisers LLC purchased a new stake in Valero Energy during the 1st quarter worth approximately $33,000. Finally, Compagnie Lombard Odier SCmA bought a new position in Valero Energy during the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Price Performance

NYSE VLO opened at $136.69 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. Valero Energy Co. has a 1-year low of $119.88 and a 1-year high of $184.79. The stock has a market capitalization of $43.27 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 2.47 and a beta of 1.39. The business’s fifty day moving average price is $135.89 and its 200-day moving average price is $147.48.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. The company had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The firm’s revenue was down 14.4% on a year-over-year basis. During the same period in the previous year, the company posted $7.49 EPS. On average, equities analysts predict that Valero Energy Co. will post 9.21 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be issued 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 3.13%. Valero Energy’s dividend payout ratio is currently 38.39%.

Analyst Ratings Changes

Several research firms have weighed in on VLO. Wolfe Research assumed coverage on shares of Valero Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $177.00 target price for the company. StockNews.com cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. BMO Capital Markets reduced their price objective on 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 lowered their price target on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Scotiabank decreased their price target on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. One 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $156.29.

About Valero Energy

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.