Arvest Investments Inc. Purchases 1,289 Shares of Valero Energy Co. (NYSE:VLO)

Arvest Investments Inc. lifted its position in shares of Valero Energy Co. (NYSE:VLO) by 10.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,523 shares of the oil and gas company’s stock after acquiring an additional 1,289 shares during the period. Arvest Investments Inc.’s holdings in Valero Energy were worth $1,826,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. International Private Wealth Advisors LLC boosted its position in shares of Valero Energy by 3.4% during the second quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock valued at $309,000 after buying an additional 65 shares during the last quarter. OmniStar Financial Group Inc. raised its holdings in shares of Valero Energy by 1.6% during the second quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock valued at $712,000 after purchasing an additional 70 shares during the last quarter. Everhart Financial Group Inc. lifted its position in Valero Energy by 5.5% during the second quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $214,000 after purchasing an additional 71 shares during the period. St. Johns Investment Management Company LLC boosted its holdings in Valero Energy by 1.4% in the second quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company’s stock worth $794,000 after purchasing an additional 72 shares during the last quarter. Finally, Magnus Financial Group LLC boosted its holdings in Valero Energy by 4.3% in the second quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company’s stock worth $275,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Price Performance

VLO stock traded up $0.58 during mid-day trading on Friday, hitting $136.69. The company had a trading volume of 1,702,919 shares, compared to its average volume of 2,511,640. The company has a 50-day moving average price of $135.89 and a 200 day moving average price of $147.34. Valero Energy Co. has a 12-month low of $119.88 and a 12-month high of $184.79. The company has a market capitalization of $43.27 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 2.47 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 (NYSE:VLO) last posted its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The company had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. During the same period in the previous year, the business earned $7.49 earnings per share. The firm’s revenue for the quarter was down 14.4% on a year-over-year basis. On average, research analysts anticipate that Valero Energy Co. will post 9.21 earnings per share for the current year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, November 20th. Valero Energy’s dividend payout ratio is presently 38.39%.

Analysts Set New Price Targets

Several research firms have recently weighed in on VLO. Citigroup lowered their price target on Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Friday, October 25th. The Goldman Sachs Group lowered their target price on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a report on Monday, September 16th. Wolfe Research assumed coverage on Valero Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $177.00 price target for the company. TD Cowen reduced their price target on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, October 25th. 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 report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and an average price target 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.