StoneX Group Inc. Boosts Stake in Valero Energy Co. (NYSE:VLO)

StoneX Group Inc. lifted its holdings in shares of Valero Energy Co. (NYSE:VLO) by 17.6% during the third quarter, Holdings Channel reports. The fund owned 16,034 shares of the oil and gas company’s stock after purchasing an additional 2,404 shares during the quarter. StoneX Group Inc.’s holdings in Valero Energy were worth $2,165,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. EdgeRock Capital LLC purchased a new stake in Valero Energy during the 2nd quarter worth approximately $27,000. Peterson Financial Group Inc. acquired a new stake in Valero Energy in the third quarter valued at $28,000. Lynx Investment Advisory bought a new position in Valero Energy during the 2nd quarter valued at $29,000. Summit Securities Group LLC acquired a new position in Valero Energy during the 2nd quarter worth $31,000. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Valero Energy in the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

VLO has been the subject of a number of research reports. Piper Sandler downgraded Valero Energy from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $169.00 to $123.00 in a research note on Friday, September 20th. BMO Capital Markets decreased their target price on Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. JPMorgan Chase & Co. reduced their price objective on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Barclays dropped their target price on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Finally, Mizuho decreased their price target on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a report on Monday, September 16th. One equities 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 given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $155.86.

Valero Energy Stock Down 0.1 %

Valero Energy stock opened at $140.91 on Friday. Valero Energy Co. has a 52 week low of $120.21 and a 52 week high of $184.79. The stock has a market cap of $44.61 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 2.63 and a beta of 1.39. The company’s 50-day moving average price is $136.59 and its two-hundred day moving average price is $145.89. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The firm had revenue of $32.88 billion for the quarter, compared to analysts’ expectations of $31.04 billion. During the same quarter in the previous year, the company earned $7.49 earnings per share. The firm’s quarterly revenue was down 14.4% compared to the same quarter last year. On average, analysts expect that Valero Energy Co. will post 8.92 EPS for the current fiscal 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 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 dividend yield of 3.04%. Valero Energy’s payout ratio is currently 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.