Valero Energy Co. (NYSE:VLO) Shares Sold by Cetera Advisor Networks LLC

Cetera Advisor Networks LLC lessened its position in Valero Energy Co. (NYSE:VLO) by 13.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,787 shares of the oil and gas company’s stock after selling 5,132 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Valero Energy were worth $3,963,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Shelton Wealth Management LLC raised its holdings in shares of Valero Energy by 3.6% in the 2nd quarter. Shelton Wealth Management LLC now owns 2,279 shares of the oil and gas company’s stock valued at $267,000 after buying an additional 79 shares during the period. Grove Bank & Trust raised its holdings in shares of Valero Energy by 3.0% in the 2nd quarter. Grove Bank & Trust now owns 2,778 shares of the oil and gas company’s stock valued at $326,000 after buying an additional 82 shares during the period. WealthPLAN Partners LLC raised its holdings in shares of Valero Energy by 11.0% in the 2nd quarter. WealthPLAN Partners LLC now owns 858 shares of the oil and gas company’s stock valued at $101,000 after buying an additional 85 shares during the period. Forum Financial Management LP raised its holdings in shares of Valero Energy by 1.4% in the 2nd quarter. Forum Financial Management LP now owns 6,270 shares of the oil and gas company’s stock valued at $735,000 after buying an additional 86 shares during the period. Finally, Peddock Capital Advisors LLC raised its holdings in shares of Valero Energy by 0.9% in the 2nd quarter. Peddock Capital Advisors LLC now owns 9,746 shares of the oil and gas company’s stock valued at $1,143,000 after buying an additional 87 shares during the period. Hedge funds and other institutional investors own 77.07% of the company’s stock.

Valero Energy Stock Up 0.5 %

Shares of NYSE VLO opened at $124.74 on Tuesday. The stock has a market cap of $42.47 billion, a PE ratio of 4.25, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. The company has a quick ratio of 1.08, a current ratio of 1.51 and a debt-to-equity ratio of 0.36. Valero Energy Co. has a 52-week low of $104.18 and a 52-week high of $152.20. The business has a 50-day moving average price of $132.15 and a 200 day moving average price of $124.45.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, October 26th. The oil and gas company reported $7.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.36 by $0.13. The firm had revenue of $38.40 billion during the quarter, compared to analysts’ expectations of $38.46 billion. Valero Energy had a return on equity of 39.97% and a net margin of 7.11%. The business’s revenue was down 13.6% on a year-over-year basis. During the same period in the prior year, the firm earned $7.14 EPS. Equities research analysts forecast that Valero Energy Co. will post 24.91 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, November 17th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.27%. Valero Energy’s payout ratio is 13.91%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on VLO shares. Barclays upped their price target on Valero Energy from $142.00 to $144.00 in a report on Tuesday, October 3rd. StockNews.com started coverage on Valero Energy in a report on Thursday, October 5th. They set a “buy” rating on the stock. Bank of America upped their price target on Valero Energy from $152.00 to $161.00 and gave the stock a “neutral” rating in a report on Monday, September 18th. Raymond James cut their price target on Valero Energy from $156.00 to $154.00 and set a “strong-buy” rating on the stock in a report on Friday, October 27th. Finally, Piper Sandler upped their price target on Valero Energy from $168.00 to $171.00 and gave the stock an “overweight” rating in a report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.64.

Valero Energy Profile

Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending and Conventional Blendstock for Oxygenate Blending gasolines, CARB diesel, diesel, jet fuel, and asphalt; aromatics; and sulfur crude oils.