Valero Energy Co. (NYSE:VLO) Stock Position Raised by Centric Wealth Management

Centric Wealth Management lifted its position in Valero Energy Co. (NYSE:VLO) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,114 shares of the oil and gas company’s stock after buying an additional 585 shares during the quarter. Centric Wealth Management’s holdings in Valero Energy were worth $2,235,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several brokerages recently commented on VLO. 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. Bank of America assumed coverage on Valero Energy in a research note on Thursday, October 17th. They set a “neutral” rating and a $150.00 target price for the company. Piper Sandler downgraded Valero Energy from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $169.00 to $123.00 in a research report on Friday, September 20th. Barclays lowered their price objective on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Finally, Mizuho reduced 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 assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and a consensus target price of $155.86.

Valero Energy Price Performance

NYSE:VLO opened at $138.56 on Friday. The firm has a market cap of $43.87 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 2.59 and a beta of 1.39. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 12 month low of $120.21 and a 12 month high of $184.79. The company’s 50-day moving average price is $136.83 and its two-hundred day moving average price is $145.47.

Valero Energy (NYSE:VLO) last announced its earnings results 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 company 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%. The firm’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same period last year, the company posted $7.49 earnings per share. On average, equities analysts anticipate that Valero Energy Co. will post 8.92 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Wednesday, November 20th. Valero Energy’s dividend 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.