Savant Capital LLC Sells 3,403 Shares of Valero Energy Corporation $VLO

Savant Capital LLC reduced its stake in shares of Valero Energy Corporation (NYSE:VLO) by 10.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 29,985 shares of the oil and gas company’s stock after selling 3,403 shares during the quarter. Savant Capital LLC’s holdings in Valero Energy were worth $4,031,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in VLO. Broadway Wealth Solutions Inc. increased its position in shares of Valero Energy by 3.8% during the 2nd quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock worth $251,000 after purchasing an additional 69 shares in the last quarter. Park Place Capital Corp boosted its position in Valero Energy by 21.8% in the second quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock valued at $58,000 after buying an additional 75 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its stake in Valero Energy by 1.4% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock worth $732,000 after buying an additional 78 shares during the last quarter. Summit Financial LLC increased its holdings in shares of Valero Energy by 4.6% during the first quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock worth $239,000 after buying an additional 79 shares in the last quarter. Finally, Keeley Teton Advisors LLC raised its stake in shares of Valero Energy by 1.1% in the first quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock valued at $1,025,000 after acquiring an additional 81 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Performance

Valero Energy stock opened at $175.22 on Monday. The company has a market cap of $53.44 billion, a PE ratio of 36.58, a PEG ratio of 1.77 and a beta of 1.01. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $179.10. The company’s 50-day moving average is $164.33 and its two-hundred day moving average is $145.56.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.51. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. The business had revenue of $32.17 billion during the quarter, compared to the consensus estimate of $28.80 billion. During the same period in the previous year, the firm posted $1.14 earnings per share. Valero Energy’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, November 20th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.6%. Valero Energy’s dividend payout ratio is 94.36%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Barclays increased their price target on Valero Energy from $151.00 to $169.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Citigroup cut Valero Energy from a “buy” rating to a “neutral” rating and increased their target price for the stock from $134.00 to $150.00 in a report on Wednesday, July 16th. Wall Street Zen raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, October 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Valero Energy in a research report on Wednesday, October 8th. Finally, Morgan Stanley downgraded shares of Valero Energy from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $160.00 to $175.00 in a research note on Friday, October 3rd. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $179.27.

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.