Olympiad Research LP Invests $437,000 in Valero Energy Co. (NYSE:VLO)

Olympiad Research LP bought a new stake in shares of Valero Energy Co. (NYSE:VLO) during the third quarter, Holdings Channel reports. The institutional investor bought 3,236 shares of the oil and gas company’s stock, valued at approximately $437,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Ameriprise Financial Inc. increased its stake in Valero Energy by 2.8% in the second quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock valued at $1,090,532,000 after purchasing an additional 192,397 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Valero Energy by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock valued at $677,007,000 after buying an additional 237,347 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Valero Energy by 1.9% in the second quarter. Pacer Advisors Inc. now owns 3,018,107 shares of the oil and gas company’s stock worth $473,118,000 after acquiring an additional 56,989 shares in the last quarter. Legal & General Group Plc grew its stake in Valero Energy by 3.0% in the second quarter. Legal & General Group Plc now owns 2,809,355 shares of the oil and gas company’s stock valued at $440,394,000 after acquiring an additional 82,539 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Valero Energy by 3.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,063,923 shares of the oil and gas company’s stock valued at $352,292,000 after acquiring an additional 65,632 shares in the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Trading Up 0.6 %

NYSE VLO opened at $139.50 on Thursday. The firm has a market cap of $44.69 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 2.32 and a beta of 1.39. Valero Energy Co. has a 1-year low of $119.88 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 stock has a 50-day moving average of $136.20 and a 200-day moving average of $147.77.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The company had revenue of $32.88 billion during the quarter, compared to analyst estimates of $31.04 billion. During the same period in the prior year, the business posted $7.49 EPS. The firm’s revenue was down 14.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Valero Energy Co. will post 9.32 EPS for the current year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Wednesday, November 20th. Valero Energy’s payout ratio is 38.39%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VLO. 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. Piper Sandler cut shares of 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 report on Friday, September 20th. TD Cowen lowered their target price 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. The Goldman Sachs Group cut their price target on Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research note on Monday, September 16th. Finally, Wolfe Research initiated coverage on Valero Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price objective for the company. One investment 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 a consensus 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.