Annex Advisory Services LLC Acquires 9,430 Shares of Valero Energy Co. (NYSE:VLO)

Annex Advisory Services LLC increased its stake in Valero Energy Co. (NYSE:VLO) by 20.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,416 shares of the oil and gas company’s stock after acquiring an additional 9,430 shares during the quarter. Annex Advisory Services LLC’s holdings in Valero Energy were worth $7,618,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. EdgeRock Capital LLC acquired a new position in shares of Valero Energy during the second quarter valued at about $27,000. Lynx Investment Advisory acquired a new position in Valero Energy during the 2nd quarter worth approximately $29,000. Pathway Financial Advisers LLC bought a new position in Valero Energy in the first quarter worth approximately $33,000. Rise Advisors LLC acquired a new stake in Valero Energy in the first quarter valued at approximately $33,000. Finally, Summit Securities Group LLC bought a new stake in shares of Valero Energy during the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Down 0.3 %

Shares of NYSE:VLO opened at $142.34 on Friday. The company has a market capitalization of $45.60 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 3.71 and a beta of 1.39. Valero Energy Co. has a 1 year low of $119.88 and a 1 year high of $184.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04. The business has a fifty day moving average price of $141.01 and a two-hundred day moving average price of $152.80.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.60 by $0.11. The company had revenue of $34.49 billion during the quarter, compared to analyst estimates of $32.97 billion. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.40 earnings per share. Analysts forecast that Valero Energy Co. will post 9.61 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 1st were paid a dividend of $1.07 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $4.28 annualized dividend and a dividend yield of 3.01%. Valero Energy’s payout ratio is currently 24.46%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VLO. The Goldman Sachs Group cut 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. 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. Piper Sandler downgraded shares of Valero Energy from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $169.00 to $123.00 in a research report on Friday, September 20th. StockNews.com cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Barclays decreased their price objective on Valero Energy from $165.00 to $146.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and an average target price of $162.60.

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.