True Wealth Design LLC Acquires 183 Shares of Valero Energy Co. (NYSE:VLO)

True Wealth Design LLC lifted its stake in Valero Energy Co. (NYSE:VLO) by 196.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 276 shares of the oil and gas company’s stock after buying an additional 183 shares during the quarter. True Wealth Design LLC’s holdings in Valero Energy were worth $37,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Edgestream Partners L.P. bought a new position in shares of Valero Energy during the third quarter valued at $2,299,000. Captrust Financial Advisors increased its position in shares of Valero Energy by 7.5% during the 3rd quarter. Captrust Financial Advisors now owns 89,762 shares of the oil and gas company’s stock worth $12,121,000 after purchasing an additional 6,278 shares in the last quarter. Atlantic Union Bankshares Corp lifted its holdings in Valero Energy by 9.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 21,050 shares of the oil and gas company’s stock valued at $2,842,000 after purchasing an additional 1,757 shares during the last quarter. Centric Wealth Management boosted its position in Valero Energy by 3.8% in the third quarter. Centric Wealth Management now owns 16,114 shares of the oil and gas company’s stock valued at $2,235,000 after buying an additional 585 shares in the last quarter. Finally, Providence Wealth Advisors LLC grew its stake in Valero Energy by 0.9% during the third quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company’s stock worth $1,169,000 after buying an additional 75 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

VLO stock opened at $139.08 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a twelve month low of $120.21 and a twelve month high of $184.79. The business’s fifty day moving average is $136.92 and its 200-day moving average is $145.19. The company has a market cap of $44.03 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 2.60 and a beta of 1.40.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The firm had revenue of $32.88 billion for the quarter, compared to analysts’ expectations of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The company’s revenue was down 14.4% compared to the same quarter last year. During the same quarter last year, the business earned $7.49 earnings per share. Equities research analysts forecast that Valero Energy Co. will post 8.92 EPS for the current year.

Valero Energy Announces Dividend

The company 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 $1.07 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 annualized dividend and a yield of 3.08%. Valero Energy’s dividend payout ratio (DPR) is presently 38.39%.

Analysts Set New Price Targets

Several research analysts have recently commented on VLO shares. Mizuho reduced their target price on Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. The Goldman Sachs Group decreased their target price on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a report on Monday, September 16th. BMO Capital Markets cut their price target on Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Scotiabank lowered their price objective on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Finally, Citigroup reduced their target price on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $155.86.

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.