Richard C. Young & CO. LTD. Sells 1,354 Shares of Valero Energy Co. (NYSE:VLO)

Richard C. Young & CO. LTD. cut its holdings in Valero Energy Co. (NYSE:VLO) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 83,803 shares of the oil and gas company’s stock after selling 1,354 shares during the quarter. Richard C. Young & CO. LTD.’s holdings in Valero Energy were worth $11,316,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. TIAA Trust National Association lifted its stake in Valero Energy by 7.7% in the first quarter. TIAA Trust National Association now owns 6,316 shares of the oil and gas company’s stock valued at $1,078,000 after buying an additional 450 shares during the period. UniSuper Management Pty Ltd raised its position in shares of Valero Energy by 223.1% in the 1st quarter. UniSuper Management Pty Ltd now owns 10,796 shares of the oil and gas company’s stock valued at $1,843,000 after acquiring an additional 7,455 shares during the period. Lake Street Advisors Group LLC boosted its stake in Valero Energy by 28.4% during the 1st quarter. Lake Street Advisors Group LLC now owns 3,145 shares of the oil and gas company’s stock worth $537,000 after acquiring an additional 695 shares during the last quarter. Pitcairn Co. grew its holdings in Valero Energy by 6.0% during the first quarter. Pitcairn Co. now owns 10,708 shares of the oil and gas company’s stock valued at $1,828,000 after purchasing an additional 607 shares during the period. Finally, Crewe Advisors LLC bought a new stake in Valero Energy in the first quarter valued at approximately $78,000. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Up 0.1 %

Shares of VLO stock opened at $140.16 on Monday. The firm’s fifty day moving average price is $135.83 and its two-hundred day moving average price is $146.35. Valero Energy Co. has a 1 year low of $120.21 and a 1 year high of $184.79. 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 market capitalization of $44.37 billion, a P/E ratio of 12.57, a PEG ratio of 2.57 and a beta of 1.39.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.16. The business had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. Valero Energy’s revenue was down 14.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.49 earnings per share. On average, equities analysts predict that Valero Energy Co. will post 9.1 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be paid a $1.07 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.05%. Valero Energy’s dividend payout ratio is presently 38.39%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a report on Monday, September 16th. Scotiabank decreased their target price on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. TD Cowen dropped their price target on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company upgraded Valero Energy from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $172.00 to $165.00 in a research report on Wednesday, October 9th. Finally, Piper Sandler downgraded shares of Valero Energy from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $169.00 to $123.00 in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and a consensus price target of $155.86.

Valero Energy Company 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.