Valero Energy Corporation $VLO Stock Purchased by Plancorp LLC

Plancorp LLC raised its stake in Valero Energy Corporation (NYSE:VLO) by 326.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,994 shares of the oil and gas company’s stock after acquiring an additional 2,292 shares during the period. Plancorp LLC’s holdings in Valero Energy were worth $1,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in VLO. Alps Advisors Inc. lifted its holdings in shares of Valero Energy by 4.4% in the 3rd quarter. Alps Advisors Inc. now owns 9,749 shares of the oil and gas company’s stock valued at $3,779,000 after purchasing an additional 408 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its position in shares of Valero Energy by 20.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 11,765 shares of the oil and gas company’s stock valued at $4,560,000 after purchasing an additional 1,962 shares during the period. Canvas Wealth Advisors LLC purchased a new position in Valero Energy during the 3rd quarter worth approximately $246,000. Asset One Wealth Management LLC grew its stake in Valero Energy by 16.1% during the 3rd quarter. Asset One Wealth Management LLC now owns 1,626 shares of the oil and gas company’s stock worth $630,000 after buying an additional 225 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in Valero Energy by 4.3% during the third quarter. International Assets Investment Management LLC now owns 2,763 shares of the oil and gas company’s stock worth $1,128,000 after buying an additional 113 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

VLO has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price objective on Valero Energy from $339.00 to $439.00 and gave the company an “overweight” rating in a research note on Thursday, October 8th. Weiss Ratings raised Valero Energy from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, October 29th. The Goldman Sachs Group raised their target price on shares of Valero Energy from $457.00 to $496.00 and gave the stock a “buy” rating in a research report on Friday, October 9th. Erste Group Bank cut shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 27th. Finally, Citigroup upped their price target on shares of Valero Energy from $485.00 to $490.00 and gave the company a “neutral” rating in a research report on Friday, October 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $406.32.

Valero Energy Price Performance

Shares of VLO opened at $346.29 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.33 and a current ratio of 1.72. Valero Energy Corporation has a fifty-two week low of $159.90 and a fifty-two week high of $461.52. The firm has a 50-day simple moving average of $399.61 and a 200-day simple moving average of $289.61. The company has a market capitalization of $99.71 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 0.18 and a beta of 0.58.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $21.17 by $2.73. The firm had revenue of $46.10 billion for the quarter, compared to analysts’ expectations of $42.71 billion. Valero Energy had a return on equity of 45.90% and a net margin of 8.44%. The firm’s revenue for the quarter was up 43.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.66 EPS. On average, equities research analysts anticipate that Valero Energy Corporation will post 57.83 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Tuesday, November 24th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, November 24th. Valero Energy’s dividend payout ratio (DPR) is 10.80%.

About Valero Energy

Valero Energy Corporation is an international refiner and producer of transportation fuels and other petroleum products, headquartered in San Antonio, Texas. Its refining business processes crude oil and other feedstocks into products such as gasoline, diesel, jet fuel, asphalt and petrochemical feedstocks.

The company markets and distributes fuels to wholesale customers and through branded distribution networks. Its refining operations span the United States, Canada and the United Kingdom, with products serving customers in North America and other markets.

Valero also produces renewable fuels, including ethanol and renewable diesel.