Financial Counselors Inc. Purchases 269 Shares of Valero Energy Co. (NYSE:VLO)

Financial Counselors Inc. grew its position in shares of Valero Energy Co. (NYSE:VLO) by 7.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,790 shares of the oil and gas company’s stock after buying an additional 269 shares during the period. Financial Counselors Inc.’s holdings in Valero Energy were worth $512,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Valero Energy by 6.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,527,895 shares of the oil and gas company’s stock valued at $341,342,000 after purchasing an additional 163,505 shares during the last quarter. FORA Capital LLC bought a new position in Valero Energy in the 3rd quarter worth approximately $1,102,000. CreativeOne Wealth LLC grew its stake in Valero Energy by 67.9% in the 3rd quarter. CreativeOne Wealth LLC now owns 9,724 shares of the oil and gas company’s stock valued at $1,313,000 after buying an additional 3,934 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Valero Energy by 900.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 631,095 shares of the oil and gas company’s stock valued at $85,217,000 after acquiring an additional 568,000 shares during the period. Finally, Glenmede Trust Co. NA lifted its position in shares of Valero Energy by 0.3% during the third quarter. Glenmede Trust Co. NA now owns 45,505 shares of the oil and gas company’s stock worth $6,145,000 after acquiring an additional 134 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

VLO has been the topic of a number of recent research reports. Barclays dropped their price objective on Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Piper Sandler downgraded shares of Valero Energy from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $169.00 to $123.00 in a report on Friday, September 20th. The Goldman Sachs Group decreased their target price on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a report on Monday, September 16th. TD Cowen cut their price target on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Scotiabank decreased their price target 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 analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $155.86.

Valero Energy Trading Up 0.4 %

Shares of VLO opened at $139.08 on Friday. Valero Energy Co. has a fifty-two week low of $120.21 and a fifty-two week high of $184.79. The firm has a market cap of $44.03 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 2.60 and a beta of 1.39. The firm has a 50 day moving average price of $136.92 and a 200-day moving average price of $145.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results 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. The business had revenue of $32.88 billion during the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The company’s revenue was down 14.4% on a year-over-year basis. During the same period in the prior year, the business posted $7.49 earnings per share. As a group, equities research analysts forecast that Valero Energy Co. will post 8.92 earnings per share for the current year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 annualized dividend and a yield of 3.08%. Valero Energy’s payout ratio is currently 38.39%.

Valero Energy Company 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.