Valero Energy Co. (NYSE:VLO) Shares Bought by Eads & Heald Wealth Management

Eads & Heald Wealth Management grew its holdings in shares of Valero Energy Co. (NYSE:VLO) by 7.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,743 shares of the oil and gas company’s stock after buying an additional 340 shares during the period. Eads & Heald Wealth Management’s holdings in Valero Energy were worth $640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. International Assets Investment Management LLC boosted its holdings in Valero Energy by 11,318.9% in the third quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company’s stock valued at $145,339,000 after purchasing an additional 1,066,923 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Valero Energy by 37.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,558,750 shares of the oil and gas company’s stock valued at $266,040,000 after buying an additional 426,093 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Valero Energy by 5.8% in the 2nd 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 buying an additional 237,347 shares during the last quarter. AQR Capital Management LLC raised its stake in Valero Energy by 17.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,550,010 shares of the oil and gas company’s stock worth $238,841,000 after acquiring an additional 232,494 shares in the last quarter. Finally, Westwood Holdings Group Inc. acquired a new position in Valero Energy in the first quarter valued at $39,517,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Trading Down 1.2 %

NYSE VLO opened at $128.22 on Friday. Valero Energy Co. has a 52-week low of $119.88 and a 52-week high of $184.79. The firm has a 50-day moving average price of $136.69 and a 200 day moving average price of $148.56. The stock has a market capitalization of $41.08 billion, a P/E ratio of 11.50, a P/E/G ratio of 2.32 and a beta of 1.39. The company has a quick ratio of 1.04, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating 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 business had revenue of $32.88 billion during the quarter, compared to analysts’ expectations of $31.04 billion. During the same period last year, the firm earned $7.49 EPS. The company’s quarterly revenue was down 14.4% compared to the same quarter last year. Equities research analysts expect that Valero Energy Co. will post 9.32 EPS for the current year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.34%. Valero Energy’s dividend payout ratio (DPR) is presently 38.39%.

Wall Street Analyst Weigh In

VLO has been the subject of several research reports. TD Cowen reduced their target price on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, October 25th. Wolfe Research started coverage on Valero Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price objective for the company. Wells Fargo & Company upgraded shares of Valero Energy from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $172.00 to $165.00 in a research report on Wednesday, October 9th. Piper Sandler downgraded shares of Valero Energy from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $169.00 to $123.00 in a research report on Friday, September 20th. Finally, BMO Capital Markets lowered their price objective on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.29.

Valero Energy 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.