5,850 Valero Energy Corporation $VLO Shares Sold by StoneX Group Inc.

StoneX Group Inc. cut its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 34.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,026 shares of the oil and gas company’s stock after selling 5,850 shares during the quarter. StoneX Group Inc.’s holdings in Valero Energy were worth $4,254,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in Valero Energy by 11.4% in the 1st quarter. Bank of America Corp DE now owns 5,033,310 shares of the oil and gas company’s stock valued at $1,243,630,000 after purchasing an additional 516,975 shares during the period. Bank of New York Mellon Corp grew its position in Valero Energy by 9.4% in the 1st quarter. Bank of New York Mellon Corp now owns 2,969,320 shares of the oil and gas company’s stock worth $733,660,000 after purchasing an additional 254,604 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Valero Energy by 18.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,842,339 shares of the oil and gas company’s stock worth $702,285,000 after purchasing an additional 442,177 shares during the period. Amundi increased its holdings in shares of Valero Energy by 45.3% during the 1st quarter. Amundi now owns 2,584,976 shares of the oil and gas company’s stock worth $638,695,000 after purchasing an additional 806,018 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Valero Energy by 33.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,058,341 shares of the oil and gas company’s stock valued at $536,074,000 after buying an additional 520,642 shares during the last quarter. 78.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Morgan Stanley increased their target price on shares of Valero Energy from $411.00 to $420.00 and gave the company an “equal weight” rating in a research note on Monday, November 2nd. Mizuho boosted their price target on Valero Energy from $434.00 to $436.00 and gave the company a “neutral” rating in a research note on Monday, November 2nd. Zacks Research raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Freedom Broker downgraded Valero Energy from a “hold” rating to a “sell” rating and set a $276.00 price objective for the company. in a research report on Friday, October 23rd. Finally, Raymond James Financial raised their price objective on Valero Energy from $450.00 to $530.00 in a research report on Monday, October 19th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $406.32.

Valero Energy Stock Down 1.4%

Shares of VLO opened at $346.29 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.72 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $399.61 and a two-hundred day moving average price of $289.61. The stock has a market cap of $99.71 billion, a price-to-earnings ratio of 7.79, a P/E/G ratio of 0.18 and a beta of 0.58. Valero Energy Corporation has a 12 month low of $159.90 and a 12 month high of $461.52.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share for the quarter, beating the consensus estimate of $21.17 by $2.73. The company had revenue of $46.10 billion for the quarter, compared to analyst estimates of $42.71 billion. Valero Energy had a return on equity of 45.90% and a net margin of 8.44%. The company’s revenue was up 43.3% compared to the same quarter last year. During the same period in the prior year, the company posted $3.66 EPS. Equities analysts predict that Valero Energy Corporation will post 57.83 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Tuesday, November 24th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, November 24th. Valero Energy’s dividend payout ratio is 10.80%.

Valero Energy Profile

Valero Energy Corporation is an international refiner and producer of transportation fuels and other petroleum products, headquartered in San Antonio, Texas. Its refining business processes crude oil and other feedstocks into products such as gasoline, diesel, jet fuel, asphalt and petrochemical feedstocks.

The company markets and distributes fuels to wholesale customers and through branded distribution networks. Its refining operations span the United States, Canada and the United Kingdom, with products serving customers in North America and other markets.

Valero also produces renewable fuels, including ethanol and renewable diesel.