Valero Energy Corporation $VLO Stock Holdings Cut by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. reduced its holdings in Valero Energy Corporation (NYSE:VLO) by 21.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 146,568 shares of the oil and gas company’s stock after selling 40,575 shares during the quarter. Eurizon Capital SGR S.p.A. owned about 0.05% of Valero Energy worth $56,821,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Cornerstone Financial Management LLC grew its holdings in Valero Energy by 57.6% in the 2nd quarter. Cornerstone Financial Management LLC now owns 104 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 38 shares during the last quarter. Balance Wealth Partners LLC acquired a new position in shares of Valero Energy during the third quarter worth approximately $32,000. Latitude Advisors LLC acquired a new position in shares of Valero Energy during the third quarter worth approximately $34,000. Mascoma Wealth Management LLC lifted its holdings in shares of Valero Energy by 1,980.0% during the third quarter. Mascoma Wealth Management LLC now owns 104 shares of the oil and gas company’s stock worth $40,000 after buying an additional 99 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID boosted its position in shares of Valero Energy by 80.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 168 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 75 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Trading Up 3.1%

Valero Energy stock opened at $374.96 on Friday. The business has a 50 day moving average price of $399.72 and a two-hundred day moving average price of $293.11. The company has a quick ratio of 1.33, a current ratio of 1.72 and a debt-to-equity ratio of 0.32. The stock has a market cap of $104.57 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 0.19 and a beta of 0.58. Valero Energy Corporation has a 12 month low of $159.90 and a 12 month high of $461.52.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 22nd. The oil and gas company reported $23.90 EPS for the quarter, topping analysts’ consensus estimates of $21.17 by $2.73. Valero Energy had a return on equity of 45.90% and a net margin of 8.44%. The company had revenue of $46.10 billion during the quarter, compared to the consensus estimate of $42.71 billion. During the same quarter last year, the company earned $3.66 EPS. The company’s quarterly revenue was up 43.3% on a year-over-year basis. As a group, equities analysts forecast that Valero Energy Corporation will post 58.33 EPS for the current year.

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Tuesday, November 24th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, November 24th. Valero Energy’s dividend payout ratio is presently 10.80%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Piper Sandler raised their price objective on shares of Valero Energy from $329.00 to $435.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Citigroup upped their target price on shares of Valero Energy from $485.00 to $490.00 and gave the company a “neutral” rating in a research note on Friday, October 23rd. JPMorgan Chase & Co. increased their price target on shares of Valero Energy from $339.00 to $439.00 and gave the company an “overweight” rating in a report on Thursday, October 8th. UBS Group restated a “buy” rating and issued a $467.00 price target (up from $355.00) on shares of Valero Energy in a research report on Tuesday, October 6th. Finally, Evercore decreased their price target on shares of Valero Energy from $385.00 to $325.00 in a research report on Wednesday, October 28th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $406.32.

Valero Energy Company Profile

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.