Vigilare Wealth Management Sells 1,313 Shares of Valero Energy Corporation $VLO

Vigilare Wealth Management lowered its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 47.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,426 shares of the oil and gas company’s stock after selling 1,313 shares during the period. Vigilare Wealth Management’s holdings in Valero Energy were worth $553,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in Valero Energy by 11.4% in the first quarter. Bank of America Corp DE now owns 5,033,310 shares of the oil and gas company’s stock valued at $1,243,630,000 after buying an additional 516,975 shares during the period. Bank of New York Mellon Corp grew its position in shares of Valero Energy by 9.4% during the 1st quarter. Bank of New York Mellon Corp now owns 2,969,320 shares of the oil and gas company’s stock worth $733,660,000 after buying an additional 254,604 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Valero Energy by 18.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,842,339 shares of the oil and gas company’s stock valued at $702,285,000 after acquiring an additional 442,177 shares in the last quarter. Amundi increased its stake in shares of Valero Energy by 45.3% in the 1st quarter. Amundi now owns 2,584,976 shares of the oil and gas company’s stock valued at $638,695,000 after acquiring an additional 806,018 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Valero Energy by 33.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,058,341 shares of the oil and gas company’s stock valued at $536,074,000 after acquiring an additional 520,642 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on VLO. UBS Group reissued a “buy” rating and set a $467.00 target price on shares of Valero Energy in a research note on Tuesday, October 6th. TD Cowen lifted their price target on shares of Valero Energy from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Thursday, October 22nd. Piper Sandler lifted their price target on shares of Valero Energy from $329.00 to $435.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Citigroup upped their price objective on shares of Valero Energy from $485.00 to $490.00 and gave the company a “neutral” rating in a report on Friday, October 23rd. Finally, Barclays increased their price objective on shares of Valero Energy from $441.00 to $443.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $379.94.

Valero Energy Stock Performance

VLO opened at $400.04 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.32. The company’s fifty day moving average price is $397.64 and its two-hundred day moving average price is $285.06. Valero Energy Corporation has a 1-year low of $159.90 and a 1-year high of $461.52. The company has a market cap of $115.18 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 0.21 and a beta of 0.58.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share for the quarter, beating analysts’ consensus estimates of $21.17 by $2.73. The firm had revenue of $46.10 billion for the quarter, compared to analyst estimates of $42.71 billion. Valero Energy had a net margin of 8.44% and a return on equity of 45.90%. The business’s quarterly revenue was up 43.3% compared to the same quarter last year. During the same period last year, the firm earned $3.66 earnings per share. On average, analysts expect that Valero Energy Corporation will post 57.42 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Tuesday, November 24th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, November 24th. Valero Energy’s dividend payout ratio is currently 10.80%.

Valero Energy Company Profile

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company’s primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.

Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.

In addition to conventional refining, Valero has businesses focused on renewable fuels.