Greenwood Capital Associates LLC grew its holdings in shares of Valero Energy Co. (NYSE:VLO) by 26.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,240 shares of the oil and gas company’s stock after purchasing an additional 8,000 shares during the period. Greenwood Capital Associates LLC’s holdings in Valero Energy were worth $4,350,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in VLO. Truvestments Capital LLC acquired a new stake in shares of Valero Energy during the 3rd quarter worth approximately $101,000. Kaizen Advisory LLC boosted its position in shares of Valero Energy by 156.8% during the 2nd quarter. Kaizen Advisory LLC now owns 1,063 shares of the oil and gas company’s stock worth $118,000 after acquiring an additional 649 shares in the last quarter. Reilly Financial Advisors LLC boosted its position in shares of Valero Energy by 1,164.4% during the 3rd quarter. Reilly Financial Advisors LLC now owns 1,315 shares of the oil and gas company’s stock worth $150,000 after acquiring an additional 1,211 shares in the last quarter. Gradient Investments LLC boosted its position in shares of Valero Energy by 68.1% during the 3rd quarter. Gradient Investments LLC now owns 1,353 shares of the oil and gas company’s stock worth $154,000 after acquiring an additional 548 shares in the last quarter. Finally, Icon Wealth Partners LLC acquired a new stake in shares of Valero Energy during the 2nd quarter worth approximately $161,000. Hedge funds and other institutional investors own 77.72% of the company’s stock.
Shares of Valero Energy stock opened at $77.03 on Monday. Valero Energy Co. has a fifty-two week low of $77.00 and a fifty-two week high of $126.98. The company has a current ratio of 1.59, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $32.68 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 0.65 and a beta of 1.15.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Tuesday, November 20th will be given a $0.80 dividend. The ex-dividend date is Monday, November 19th. This represents a $3.20 dividend on an annualized basis and a yield of 4.15%. Valero Energy’s dividend payout ratio is currently 64.52%.
Several research firms recently issued reports on VLO. Mizuho began coverage on shares of Valero Energy in a research report on Wednesday, August 1st. They set a “neutral” rating and a $125.00 price target on the stock. Citigroup reduced their price target on shares of Valero Energy from $132.00 to $122.00 and set a “buy” rating on the stock in a research report on Thursday, November 15th. Morgan Stanley increased their price target on shares of Valero Energy from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 31st. ValuEngine lowered shares of Valero Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. Finally, Tudor Pickering lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $117.80.
About Valero Energy
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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