Valero Energy Co. (NYSE:VLO) Shares Acquired by Field & Main Bank

Field & Main Bank grew its stake in shares of Valero Energy Co. (NYSE:VLO) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,850 shares of the oil and gas company’s stock after purchasing an additional 235 shares during the period. Field & Main Bank’s holdings in Valero Energy were worth $1,060,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. lifted its stake in Valero Energy by 2.8% during the second quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock valued at $1,090,532,000 after buying an additional 192,397 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Valero Energy by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock valued at $677,007,000 after acquiring an additional 237,347 shares during the period. Pacer Advisors Inc. lifted its position in shares of Valero Energy by 1.9% in the 2nd quarter. Pacer Advisors Inc. now owns 3,018,107 shares of the oil and gas company’s stock valued at $473,118,000 after acquiring an additional 56,989 shares in the last quarter. Legal & General Group Plc boosted its stake in Valero Energy by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,809,355 shares of the oil and gas company’s stock worth $440,394,000 after purchasing an additional 82,539 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in Valero Energy by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,063,923 shares of the oil and gas company’s stock worth $352,292,000 after purchasing an additional 65,632 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analysts Set New Price Targets

VLO has been the subject of a number of research analyst reports. Piper Sandler lowered Valero Energy from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $169.00 to $123.00 in a report on Friday, September 20th. The Goldman Sachs Group decreased their price objective on Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research report on Monday, September 16th. JPMorgan Chase & Co. dropped their target price on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Wolfe Research initiated coverage on shares of Valero Energy in a research report on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price target for the company. Finally, Scotiabank dropped their price objective on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $156.29.

Valero Energy Stock Up 0.4 %

VLO opened at $136.69 on Friday. The firm has a market cap of $43.27 billion, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 2.47 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The business has a 50 day moving average price of $135.89 and a 200 day moving average price of $147.48. Valero Energy Co. has a twelve month low of $119.88 and a twelve month high of $184.79.

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, topping the consensus estimate of $0.98 by $0.16. The business had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. Valero Energy’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.49 EPS. Research analysts forecast that Valero Energy Co. will post 9.21 EPS for the current year.

Valero Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be given a dividend of $1.07 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.13%. Valero Energy’s dividend payout ratio is presently 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.