Valero Energy Co. (NYSE:VLO) Shares Sold by Evergreen Wealth Management LLC

Evergreen Wealth Management LLC reduced its stake in Valero Energy Co. (NYSE:VLO) by 25.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,908 shares of the oil and gas company’s stock after selling 2,371 shares during the quarter. Evergreen Wealth Management LLC’s holdings in Valero Energy were worth $933,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Ameriprise Financial Inc. raised its position in Valero Energy by 2.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock worth $1,090,532,000 after buying an additional 192,397 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Valero Energy by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock worth $677,007,000 after purchasing an additional 237,347 shares in the last quarter. Pacer Advisors Inc. lifted its position in 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 during the period. Legal & General Group Plc boosted its holdings in Valero Energy by 3.0% in the 2nd 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 increased its position in Valero Energy by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,063,923 shares of the oil and gas company’s stock worth $352,292,000 after purchasing an additional 65,632 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VLO. Wells Fargo & Company upgraded Valero Energy from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $172.00 to $165.00 in a research note on Wednesday, October 9th. Barclays lowered their price target on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. BMO Capital Markets cut their price target on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, October 4th. TD Cowen decreased 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. Finally, Piper Sandler downgraded shares of Valero Energy from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $169.00 to $123.00 in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $155.86.

Valero Energy Trading Up 0.1 %

Shares of NYSE VLO traded up $0.14 during midday trading on Friday, reaching $140.16. 2,258,695 shares of the stock were exchanged, compared to its average volume of 2,506,892. The stock has a 50 day moving average price of $135.83 and a 200-day moving average price of $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. The company has a market capitalization of $44.37 billion, a P/E ratio of 12.57, a P/E/G ratio of 2.56 and a beta of 1.39. Valero Energy Co. has a 52-week low of $120.21 and a 52-week high of $184.79.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The company had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The business’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $7.49 EPS. Equities research analysts expect that Valero Energy Co. will post 9.1 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be issued 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 payout ratio is currently 38.39%.

Valero Energy Company 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.