KCM Investment Advisors LLC Purchases 105 Shares of Valero Energy Co. (NYSE:VLO)

KCM Investment Advisors LLC raised its position in Valero Energy Co. (NYSE:VLO) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,398 shares of the oil and gas company’s stock after buying an additional 105 shares during the quarter. KCM Investment Advisors LLC’s holdings in Valero Energy were worth $729,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in VLO. Ameriprise Financial Inc. grew its position in shares of 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 grew its position in shares of Valero Energy by 5.8% in the second 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 purchasing an additional 237,347 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of 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 valued at $473,118,000 after purchasing an additional 56,989 shares in the last quarter. Legal & General Group Plc grew its position in shares of 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 purchasing an additional 82,539 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Valero Energy by 3.3% in 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 purchasing an additional 65,632 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Price Performance

Shares of Valero Energy stock opened at $140.16 on Friday. The business’s 50-day moving average price is $135.83 and its 200-day moving average price is $146.51. 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 Co. has a 12 month low of $120.21 and a 12 month high of $184.79. The firm has a market capitalization of $44.37 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 2.56 and a beta of 1.39.

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 13.07% 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. Valero Energy’s revenue for the quarter was down 14.4% compared to the same quarter last year. Sell-side analysts forecast that Valero Energy Co. will post 9.1 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be given a dividend of $1.07 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 annualized dividend and a yield of 3.05%. Valero Energy’s payout ratio is 38.39%.

Wall Street Analysts Forecast Growth

VLO has been the subject of several recent research reports. BMO Capital Markets reduced their price target on Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Barclays decreased their target price on Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. JPMorgan Chase & Co. decreased their target price on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Mizuho decreased their target price on Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Finally, Piper Sandler lowered Valero Energy from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $169.00 to $123.00 in a research note on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.