Kingsview Wealth Management LLC Has $1.53 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

Kingsview Wealth Management LLC lowered its position in shares of Valero Energy Co. (NYSE:VLO) by 3.5% in the third quarter, Holdings Channel reports. The firm owned 11,325 shares of the oil and gas company’s stock after selling 415 shares during the period. Kingsview Wealth Management LLC’s holdings in Valero Energy were worth $1,529,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. EdgeRock Capital LLC acquired a new position in shares of Valero Energy in the 2nd quarter valued at $27,000. Peterson Financial Group Inc. acquired a new position in Valero Energy in the third quarter valued at about $28,000. Lynx Investment Advisory bought a new stake in shares of Valero Energy in the second quarter worth about $29,000. Summit Securities Group LLC acquired a new stake in shares of Valero Energy during the second quarter worth about $31,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Valero Energy in the 1st quarter valued at approximately $33,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Trading Down 0.8 %

NYSE VLO opened at $139.83 on Tuesday. The company has a market cap of $44.27 billion, a PE ratio of 12.54, a PEG ratio of 2.63 and a beta of 1.39. Valero Energy Co. has a 12 month low of $120.21 and a 12 month high of $184.79. The stock has a 50 day moving average of $136.71 and a 200-day moving average of $145.68. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data 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. The company had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The company’s quarterly revenue was down 14.4% on a year-over-year basis. During the same quarter last year, the firm posted $7.49 EPS. On average, equities research analysts anticipate that Valero Energy Co. will post 8.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders 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 yield of 3.06%. Valero Energy’s dividend payout ratio is 38.39%.

Wall Street Analyst Weigh In

Several analysts have commented on VLO shares. TD Cowen dropped 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 objective on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research report on Monday, September 16th. Scotiabank lowered their target price on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Wells Fargo & Company upgraded Valero Energy from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $172.00 to $165.00 in a report on Wednesday, October 9th. Finally, Citigroup decreased their price objective 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 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’s stock. According to MarketBeat.com, Valero Energy 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.