Cetera Advisor Networks LLC Boosts Stock Position in Valero Energy Co. (NYSE:VLO)

Cetera Advisor Networks LLC raised its stake in Valero Energy Co. (NYSE:VLOGet Rating) by 9.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 33,394 shares of the oil and gas company’s stock after buying an additional 2,912 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Valero Energy were worth $3,549,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Magnus Financial Group LLC purchased a new stake in shares of Valero Energy during the second quarter worth about $221,000. King Luther Capital Management Corp grew its stake in shares of Valero Energy by 22.5% during the second quarter. King Luther Capital Management Corp now owns 21,743 shares of the oil and gas company’s stock worth $2,311,000 after acquiring an additional 3,998 shares during the last quarter. Bridgewater Associates LP lifted its holdings in shares of Valero Energy by 314.1% during the second quarter. Bridgewater Associates LP now owns 131,527 shares of the oil and gas company’s stock worth $13,979,000 after purchasing an additional 99,768 shares during the period. Apollon Wealth Management LLC acquired a new stake in shares of Valero Energy during the second quarter worth about $368,000. Finally, BOKF NA lifted its holdings in shares of Valero Energy by 116.2% during the second quarter. BOKF NA now owns 29,112 shares of the oil and gas company’s stock worth $3,094,000 after purchasing an additional 15,648 shares during the period. Hedge funds and other institutional investors own 79.78% of the company’s stock.

Valero Energy Trading Down 2.0 %

Shares of VLO stock opened at $139.21 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.32 and a quick ratio of 0.93. The company has a market cap of $53.67 billion, a price-to-earnings ratio of 5.94, a PEG ratio of 0.83 and a beta of 1.66. The stock has a 50 day simple moving average of $120.60 and a 200-day simple moving average of $118.23. Valero Energy Co. has a 1-year low of $65.13 and a 1-year high of $146.80.

Valero Energy (NYSE:VLOGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The oil and gas company reported $7.14 EPS for the quarter, missing the consensus estimate of $8.43 by ($1.29). Valero Energy had a return on equity of 43.20% and a net margin of 5.53%. The firm had revenue of $44.45 billion for the quarter, compared to analysts’ expectations of $41.16 billion. During the same quarter in the previous year, the firm posted $1.22 earnings per share. The firm’s revenue for the quarter was up 50.6% compared to the same quarter last year. On average, equities research analysts expect that Valero Energy Co. will post 28.37 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Wednesday, November 16th. Valero Energy’s payout ratio is 16.73%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VLO. Barclays lifted their target price on Valero Energy from $134.00 to $138.00 and gave the stock an “overweight” rating in a report on Wednesday, October 26th. Jefferies Financial Group began coverage on Valero Energy in a report on Wednesday, October 19th. They set a “buy” rating and a $147.00 target price for the company. Piper Sandler lifted their target price on Valero Energy from $147.00 to $177.00 and gave the stock an “overweight” rating in a report on Wednesday, November 9th. Raymond James boosted their price target on Valero Energy from $150.00 to $152.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 26th. Finally, Cowen decreased their price target on Valero Energy to $127.00 in a report on Tuesday, September 20th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $139.69.

Insider Buying and Selling

In related news, EVP Gary K. Simmons sold 1,750 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $135.16, for a total transaction of $236,530.00. Following the completion of the sale, the executive vice president now directly owns 165,299 shares in the company, valued at $22,341,812.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Valero Energy news, EVP Gary K. Simmons sold 1,750 shares of the company’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $135.16, for a total value of $236,530.00. Following the completion of the sale, the executive vice president now directly owns 165,299 shares in the company, valued at approximately $22,341,812.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Joseph W. Gorder sold 37,567 shares of the company’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $127.00, for a total value of $4,771,009.00. Following the completion of the sale, the chief executive officer now owns 569,786 shares of the company’s stock, valued at $72,362,822. The disclosure for this sale can be found here. 0.04% of the stock is owned by company insiders.

Valero Energy Profile

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Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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