Diversify Advisory Services LLC Raises Stake in Valero Energy Co. (NYSE:VLO)

Diversify Advisory Services LLC boosted its holdings in shares of Valero Energy Co. (NYSE:VLO) by 17.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,055 shares of the oil and gas company’s stock after purchasing an additional 733 shares during the period. Diversify Advisory Services LLC’s holdings in Valero Energy were worth $686,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Integrated Advisors Network LLC boosted its holdings in shares of Valero Energy by 5.6% in the third quarter. Integrated Advisors Network LLC now owns 5,614 shares of the oil and gas company’s stock valued at $758,000 after acquiring an additional 297 shares in the last quarter. Boston Financial Mangement LLC purchased a new stake in shares of Valero Energy in the third quarter valued at about $216,000. abrdn plc boosted its holdings in shares of Valero Energy by 2.9% in the third quarter. abrdn plc now owns 430,867 shares of the oil and gas company’s stock valued at $58,122,000 after acquiring an additional 12,212 shares in the last quarter. Inscription Capital LLC boosted its holdings in shares of Valero Energy by 6.3% in the third quarter. Inscription Capital LLC now owns 17,613 shares of the oil and gas company’s stock valued at $2,378,000 after acquiring an additional 1,046 shares in the last quarter. Finally, Semanteon Capital Management LP boosted its holdings in shares of Valero Energy by 71.5% in the third quarter. Semanteon Capital Management LP now owns 8,135 shares of the oil and gas company’s stock valued at $1,098,000 after acquiring an additional 3,392 shares in the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on VLO. Bank of America began coverage on shares of Valero Energy in a report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 target price on the stock. Wolfe Research started coverage on shares of Valero Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price objective for the company. StockNews.com cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Mizuho reduced their price objective on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Finally, Piper Sandler cut shares of Valero Energy from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $169.00 to $123.00 in a research note on Friday, September 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.29.

Valero Energy Stock Performance

NYSE:VLO opened at $128.69 on Thursday. The firm has a 50 day simple moving average of $137.31 and a 200-day simple moving average of $148.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04. The firm has a market cap of $41.23 billion, a PE ratio of 11.54, a P/E/G ratio of 3.45 and a beta of 1.39. Valero Energy Co. has a 1-year low of $119.88 and a 1-year high of $184.79.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. The business had revenue of $32.88 billion during the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.01%. The company’s revenue was down 14.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.49 earnings per share. On average, equities analysts expect that Valero Energy Co. will post 9.6 EPS for the current year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be issued a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a yield of 3.33%. Valero Energy’s payout ratio is 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.