Resources Management Corp CT ADV bought a new stake in shares of Valero Energy Co. (NYSE:VLO) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 24,405 shares of the oil and gas company’s stock, valued at approximately $2,080,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Lee Financial Group Hawaii Inc. raised its position in Valero Energy by 0.8% during the 2nd quarter. Lee Financial Group Hawaii Inc. now owns 48,496 shares of the oil and gas company’s stock valued at $4,152,000 after purchasing an additional 382 shares in the last quarter. Adams Natural Resources Fund Inc. grew its position in shares of Valero Energy by 76.6% during the 2nd quarter. Adams Natural Resources Fund Inc. now owns 206,400 shares of the oil and gas company’s stock worth $17,670,000 after buying an additional 89,500 shares in the last quarter. Bartlett & Co. LLC grew its position in shares of Valero Energy by 8,685.0% during the 3rd quarter. Bartlett & Co. LLC now owns 8,785 shares of the oil and gas company’s stock worth $749,000 after buying an additional 8,685 shares in the last quarter. IHT Wealth Management LLC increased its stake in shares of Valero Energy by 49.7% during the third quarter. IHT Wealth Management LLC now owns 5,140 shares of the oil and gas company’s stock valued at $453,000 after buying an additional 1,706 shares during the period. Finally, Jones Financial Companies Lllp bought a new stake in shares of Valero Energy in the third quarter valued at about $324,000. Hedge funds and other institutional investors own 75.39% of the company’s stock.
VLO stock traded down $0.68 during trading on Wednesday, reaching $93.21. 3,893,554 shares of the company traded hands, compared to its average volume of 3,438,296. The business has a 50 day simple moving average of $97.28 and a 200 day simple moving average of $84.62. Valero Energy Co. has a 12 month low of $68.81 and a 12 month high of $101.99. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.88 and a current ratio of 1.40. The company has a market capitalization of $39.21 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 2.47 and a beta of 1.48.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 20th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Tuesday, November 19th. Valero Energy’s payout ratio is currently 48.85%.
Several brokerages have issued reports on VLO. Wells Fargo & Co increased their target price on shares of Valero Energy from $107.00 to $108.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. ValuEngine lowered shares of Valero Energy from a “sell” rating to a “strong sell” rating in a report on Friday, November 8th. Goldman Sachs Group set a $104.00 price target on shares of Valero Energy and gave the stock a “buy” rating in a research report on Friday, October 25th. Morgan Stanley increased their price objective on shares of Valero Energy from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada set a $99.00 price objective on shares of Valero Energy and gave the company a “buy” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $100.03.
About Valero Energy
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.
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