Evercore Wealth Management LLC lowered its stake in Valero Energy Co. (NYSE:VLO) by 18.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,963 shares of the oil and gas company’s stock after selling 2,237 shares during the period. Evercore Wealth Management LLC’s holdings in Valero Energy were worth $1,133,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in Valero Energy during the 3rd quarter valued at about $101,000. Honkamp Krueger Financial Services Inc. purchased a new position in Valero Energy during the 3rd quarter valued at about $135,000. Reilly Financial Advisors LLC increased its holdings in Valero Energy by 1,164.4% during the 3rd quarter. Reilly Financial Advisors LLC now owns 1,315 shares of the oil and gas company’s stock valued at $150,000 after purchasing an additional 1,211 shares during the period. Gradient Investments LLC increased its holdings in Valero Energy by 68.1% during the 3rd quarter. Gradient Investments LLC now owns 1,353 shares of the oil and gas company’s stock valued at $154,000 after purchasing an additional 548 shares during the period. Finally, Icon Wealth Partners LLC purchased a new position in Valero Energy during the 2nd quarter valued at about $161,000. Hedge funds and other institutional investors own 78.74% of the company’s stock.
Shares of VLO opened at $75.99 on Friday. The company has a current ratio of 1.59, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39. Valero Energy Co. has a 52 week low of $75.55 and a 52 week high of $126.98. The company has a market capitalization of $33.74 billion, a PE ratio of 15.32, a P/E/G ratio of 0.33 and a beta of 1.08.
Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 25th. The oil and gas company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06. Valero Energy had a return on equity of 11.90% and a net margin of 3.96%. The firm had revenue of $30.85 billion for the quarter, compared to analysts’ expectations of $31.82 billion. As a group, analysts forecast that Valero Energy Co. will post 6.21 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Tuesday, November 20th will be given a $0.80 dividend. The ex-dividend date of this dividend is Monday, November 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.21%. Valero Energy’s dividend payout ratio is currently 64.52%.
A number of research analysts recently issued reports on VLO shares. Citigroup reduced their price target on Valero Energy from $132.00 to $122.00 and set a “buy” rating on the stock in a report on Thursday, November 15th. Morgan Stanley reduced their price target on Valero Energy from $145.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Wells Fargo & Co cut their price objective on Valero Energy from $141.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. Standpoint Research raised Valero Energy from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Finally, Tudor Pickering cut Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $116.80.
Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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