Stiles Financial Services Inc Has $1.74 Million Stock Position in Valero Energy Co. (NYSE:VLO)

by · The Markets Daily

Stiles Financial Services Inc boosted its stake in shares of Valero Energy Co. (NYSE:VLO – Free Report) by 8.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,856 shares of the oil and gas company’s stock after buying an additional 972 shares during the period. Stiles Financial Services Inc’s holdings in Valero Energy were worth $1,737,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. International Private Wealth Advisors LLC raised its holdings in Valero Energy by 3.4% during the 2nd quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock worth $309,000 after buying an additional 65 shares during the period. OmniStar Financial Group Inc. raised its holdings in Valero Energy by 1.6% during the 2nd quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock worth $712,000 after buying an additional 70 shares during the period. Everhart Financial Group Inc. raised its holdings in Valero Energy by 5.5% during the 2nd quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock worth $214,000 after buying an additional 71 shares during the period. St. Johns Investment Management Company LLC raised its holdings in Valero Energy by 1.4% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company’s stock worth $794,000 after buying an additional 72 shares during the period. Finally, Magnus Financial Group LLC raised its holdings in Valero Energy by 4.3% during the 2nd quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company’s stock worth $275,000 after buying an additional 73 shares during the period. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on VLO shares. BMO Capital Markets decreased their price target on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. TD Cowen decreased 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 note on Friday, October 25th. Scotiabank decreased their price target on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. JPMorgan Chase & Co. decreased their price target on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Finally, StockNews.com cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and a consensus price target of $156.29.

Get Our Latest Report on VLO

Valero Energy Stock Performance

Valero Energy stock opened at $136.38 on Friday. The company has a market capitalization of $43.18 billion, a P/E ratio of 12.21, a P/E/G ratio of 2.51 and a beta of 1.39. The business has a 50 day moving average of $136.20 and a 200-day moving average of $147.77. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. Valero Energy Co. has a 1 year low of $119.88 and a 1 year high of $184.79.

Valero Energy (NYSE:VLO – Get Free Report) 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, 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 firm had revenue of $32.88 billion for the quarter, compared to analysts’ expectations of $31.04 billion. During the same period in the prior year, the business earned $7.49 EPS. The company’s revenue for the quarter was down 14.4% compared to the same quarter last year. On average, equities research analysts predict that Valero Energy Co. will post 9.21 earnings per share for the current year.

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Wednesday, November 20th. Valero Energy’s dividend payout ratio is currently 38.39%.

About Valero Energy

(Free Report)

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.

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