Consolidated Planning Corp Increases Position in Valero Energy Co. (NYSE:VLO)

Consolidated Planning Corp raised its position in shares of Valero Energy Co. (NYSE:VLO) by 180.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,026 shares of the oil and gas company’s stock after buying an additional 3,237 shares during the period. Consolidated Planning Corp’s holdings in Valero Energy were worth $679,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of VLO. Norden Group LLC purchased a new stake in shares of Valero Energy during the first quarter worth about $452,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Valero Energy by 54.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 18,717 shares of the oil and gas company’s stock worth $3,195,000 after buying an additional 6,593 shares during the last quarter. Hilltop National Bank acquired a new stake in Valero Energy during the 1st quarter worth about $518,000. Brooklyn Investment Group purchased a new position in shares of Valero Energy in the first quarter worth about $267,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Valero Energy by 14.5% during the first quarter. Oppenheimer & Co. Inc. now owns 40,707 shares of the oil and gas company’s stock worth $6,948,000 after purchasing an additional 5,161 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on VLO shares. The Goldman Sachs Group decreased their price objective on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research note on Monday, September 16th. Wells Fargo & Company upgraded shares of Valero Energy from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $172.00 to $165.00 in a research report on Wednesday, October 9th. Piper Sandler downgraded Valero Energy from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $169.00 to $123.00 in a research report on Friday, September 20th. Mizuho decreased their price objective on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Finally, TD Cowen lowered their target price on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $156.29.

Valero Energy Trading Down 1.9 %

Shares of NYSE:VLO opened at $136.11 on Friday. The business’s 50 day moving average price is $136.20 and its 200-day moving average price is $147.77. Valero Energy Co. has a 1 year low of $119.88 and a 1 year high of $184.79. The firm has a market capitalization of $43.09 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 2.51 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.16. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. During the same period last year, the firm posted $7.49 earnings per share. The company’s revenue was down 14.4% compared to the same quarter last year. On average, equities research analysts forecast that Valero Energy Co. will post 9.21 earnings per share 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 paid a dividend of $1.07 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 annualized dividend and a yield of 3.14%. Valero Energy’s dividend payout ratio (DPR) 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.