Valero Energy Co. (NYSE:VLO) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC decreased its stake in shares of Valero Energy Co. (NYSE:VLO) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,116 shares of the oil and gas company’s stock after selling 318 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Valero Energy were worth $1,096,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Private Wealth Advisors LLC lifted its holdings in shares of Valero Energy by 3.4% in the second quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock valued at $309,000 after buying an additional 65 shares during the period. OmniStar Financial Group Inc. grew its stake in shares of Valero Energy by 1.6% in the 2nd quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock worth $712,000 after purchasing an additional 70 shares during the last quarter. Everhart Financial Group Inc. raised its holdings in shares of Valero Energy by 5.5% in the 2nd quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock worth $214,000 after purchasing an additional 71 shares in the last quarter. St. Johns Investment Management Company LLC lifted its stake in Valero Energy by 1.4% during the second quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company’s stock valued at $794,000 after purchasing an additional 72 shares during the last quarter. Finally, Magnus Financial Group LLC boosted its holdings in Valero Energy by 4.3% during the second quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company’s stock worth $275,000 after buying an additional 73 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Trading Up 0.3 %

Shares of VLO opened at $140.02 on Friday. 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 market cap of $44.33 billion, a PE ratio of 12.56, a PEG ratio of 2.51 and a beta of 1.39. Valero Energy Co. has a 1 year low of $120.21 and a 1 year high of $184.79. The stock has a 50 day simple moving average of $135.62 and a 200-day simple moving average of $146.75.

Valero Energy (NYSE:VLO) last released its quarterly earnings data 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. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The firm 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 company posted $7.49 earnings per share. The business’s revenue for the quarter was down 14.4% compared to the same quarter last year. On average, sell-side analysts predict that Valero Energy Co. will post 9.1 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The company 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 $1.07 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a yield of 3.06%. Valero Energy’s dividend payout ratio (DPR) is presently 38.39%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on VLO shares. Scotiabank dropped 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. Mizuho dropped their target price on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. TD Cowen reduced their price target on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Wells Fargo & Company upgraded shares of Valero Energy from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $172.00 to $165.00 in a research report on Wednesday, October 9th. Finally, Citigroup reduced their target price on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $155.86.

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.