Boston Financial Mangement LLC Invests $216,000 in Valero Energy Co. (NYSE:VLO)

Boston Financial Mangement LLC purchased a new position in shares of Valero Energy Co. (NYSE:VLO) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,596 shares of the oil and gas company’s stock, valued at approximately $216,000.

Other large investors also recently made changes to their positions in the company. Manning & Napier Advisors LLC bought a new stake in shares of Valero Energy during the 2nd quarter worth about $15,945,000. Allspring Global Investments Holdings LLC boosted its stake in Valero Energy by 1.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,293,589 shares of the oil and gas company’s stock valued at $174,673,000 after purchasing an additional 22,571 shares during the period. 180 Wealth Advisors LLC bought a new stake in Valero Energy during the 2nd quarter valued at approximately $535,000. UniSuper Management Pty Ltd boosted its stake in Valero Energy by 223.1% during 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 purchasing an additional 7,455 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Valero Energy by 23.7% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 42,716 shares of the oil and gas company’s stock valued at $6,696,000 after purchasing an additional 8,198 shares during the period. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Down 3.3 %

Shares of VLO opened at $127.88 on Wednesday. The firm has a market capitalization of $40.97 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 3.45 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48. The business’s fifty day moving average price is $137.62 and its two-hundred day moving average price is $149.13. Valero Energy Co. has a 52 week low of $119.88 and a 52 week high of $184.79.

Valero Energy (NYSE:VLO) last posted its quarterly 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. Valero Energy had a return on equity of 13.01% and a net margin of 2.74%. The business had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. During the same period last year, the company earned $7.49 EPS. The firm’s revenue was down 14.4% on a year-over-year basis. On average, analysts predict that Valero Energy Co. will post 9.6 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.35%. Valero Energy’s dividend payout ratio is currently 38.39%.

Analyst Ratings Changes

VLO has been the subject of several recent analyst reports. Mizuho decreased their target price on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. StockNews.com downgraded Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Piper Sandler cut Valero Energy from an “overweight” rating to a “neutral” rating and cut their price target for the company from $169.00 to $123.00 in a report on Friday, September 20th. Barclays cut their price target on Valero Energy from $165.00 to $146.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. Finally, Citigroup cut their price target 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, five have issued 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, Valero Energy currently has an average rating of “Moderate Buy” and a consensus price target of $154.53.

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.