Valero Energy Co. (NYSE:VLO) Shares Acquired by Lifeworks Advisors LLC

Lifeworks Advisors LLC boosted its position in Valero Energy Co. (NYSE:VLO) by 35.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,737 shares of the oil and gas company’s stock after acquiring an additional 452 shares during the quarter. Lifeworks Advisors LLC’s holdings in Valero Energy were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new stake in shares of Valero Energy in the second quarter worth $27,000. Lynx Investment Advisory purchased a new position in Valero Energy in the second quarter valued at about $29,000. Summit Securities Group LLC acquired a new position in shares of Valero Energy during the second quarter worth about $31,000. Pathway Financial Advisers LLC purchased a new stake in shares of Valero Energy in the first quarter worth about $33,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in shares of Valero Energy in the third quarter valued at about $34,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on VLO. TD Cowen cut their price objective 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. Wells Fargo & Company upgraded shares of Valero Energy from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $172.00 to $165.00 in a research note on Wednesday, October 9th. Piper Sandler downgraded shares of Valero Energy from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $169.00 to $123.00 in a research note on Friday, September 20th. Mizuho dropped their target price on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. Finally, BMO Capital Markets reduced their price target on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.86.

Valero Energy Stock Performance

Shares of VLO stock opened at $140.16 on Friday. The company has a market cap of $44.37 billion, a P/E ratio of 12.57, a PEG ratio of 2.56 and a beta of 1.39. The business has a 50 day moving average of $135.71 and a two-hundred day moving average of $146.70. Valero Energy Co. has a 52 week low of $120.21 and a 52 week high of $184.79. 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 (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, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $31.04 billion. During the same quarter in the previous year, the firm posted $7.49 EPS. The business’s revenue for the quarter was down 14.4% compared to the same quarter last year. As a group, analysts anticipate that Valero Energy Co. will post 9.1 EPS for the current year.

Valero Energy Dividend Announcement

The company 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 dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.05%. Valero Energy’s dividend payout ratio is currently 38.39%.

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.