Cigna Investments Inc. New lowered its position in Valero Energy Co. (NYSE:VLO – Free Report) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,321 shares of the oil and gas company’s stock after selling 122 shares during the quarter. Cigna Investments Inc. New’s holdings in Valero Energy were worth $449,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of VLO. EdgeRock Capital LLC acquired a new position in Valero Energy in the second quarter worth approximately $27,000. Lynx Investment Advisory bought a new position in shares of Valero Energy during the 2nd quarter valued at $29,000. Summit Securities Group LLC bought a new position in shares of Valero Energy during the 2nd quarter valued at $31,000. Pathway Financial Advisers LLC acquired a new stake in shares of Valero Energy in the 1st quarter valued at $33,000. Finally, Compagnie Lombard Odier SCmA bought a new stake in Valero Energy in the third quarter worth $34,000. 78.69% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Barclays reduced their price target on Valero Energy from $165.00 to $146.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. Wells Fargo & Company upgraded Valero Energy from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $172.00 to $165.00 in a report on Wednesday, October 9th. Bank of America began coverage on Valero Energy in a report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price target on the stock. BMO Capital Markets dropped their target price on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Finally, Scotiabank lowered their price target on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus price target of $156.29.
Valero Energy Trading Down 1.2 %
Valero Energy stock opened at $128.22 on Friday. Valero Energy Co. has a 12 month low of $119.88 and a 12 month high of $184.79. The stock has a market cap of $41.08 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 2.32 and a beta of 1.39. The business has a 50 day moving average price of $136.69 and a two-hundred day moving average price of $148.56. The company has a quick ratio of 1.04, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.
Valero Energy (NYSE:VLO – Get Free Report) last issued its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS 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 return on equity of 13.07% and a net margin of 2.74%. Valero Energy’s revenue was down 14.4% on a year-over-year basis. During the same period in the prior year, the company posted $7.49 earnings per share. As a group, equities analysts forecast that Valero Energy Co. will post 9.32 EPS for the current year.
Valero Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be paid 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 3.34%. Valero Energy’s payout ratio is currently 38.39%.
About Valero Energy
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.
Featured Articles
- Five stocks we like better than Valero Energy
- Best Stocks Under $10.00
- Energy Vault Soars 100%: CEO Shares Why in MarketBeat Exclusive
- What is the Australian Securities Exchange (ASX)
- Meta’s Q3 Earnings Beat—Is This Dip a Golden Entry Opportunity?
- The Most Important Warren Buffett Stock for Investors: His Own
- Top Nuclear Stocks Thriving on Soaring Energy Demand
Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Co. (NYSE:VLO – Free Report).
Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.