JT Stratford LLC decreased its holdings in shares of Valero Energy Co. (NYSE:VLO) by 6.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,300 shares of the oil and gas company’s stock after selling 1,266 shares during the period. JT Stratford LLC’s holdings in Valero Energy were worth $1,968,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VLO. Truvestments Capital LLC bought a new position in Valero Energy in the 3rd quarter worth approximately $101,000. Honkamp Krueger Financial Services Inc. bought a new position in Valero Energy in the 3rd quarter worth approximately $135,000. Reilly Financial Advisors LLC raised its position in Valero Energy by 1,164.4% in the 3rd quarter. Reilly Financial Advisors LLC now owns 1,315 shares of the oil and gas company’s stock worth $150,000 after purchasing an additional 1,211 shares during the last quarter. Gradient Investments LLC raised its position in Valero Energy by 68.1% in the 3rd quarter. Gradient Investments LLC now owns 1,353 shares of the oil and gas company’s stock worth $154,000 after purchasing an additional 548 shares during the last quarter. Finally, Icon Wealth Partners LLC bought a new position in Valero Energy in the 2nd quarter worth approximately $161,000. Hedge funds and other institutional investors own 78.74% of the company’s stock.

VLO has been the subject of several research analyst reports. Standpoint Research upgraded shares of Valero Energy from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Wells Fargo & Co dropped their price objective on shares of Valero Energy from $141.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, October 26th. ValuEngine upgraded shares of Valero Energy from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Goldman Sachs Group cut shares of Valero Energy from a “neutral” rating to a “sell” rating in a research report on Friday, October 19th. Finally, Tudor Pickering cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. Valero Energy has an average rating of “Buy” and an average target price of $116.80.

VLO opened at $78.84 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.59 and a quick ratio of 0.99. Valero Energy Co. has a 52 week low of $76.25 and a 52 week high of $126.98. The firm has a market cap of $33.74 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 0.33 and a beta of 1.08.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 25th. The oil and gas company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06. Valero Energy had a net margin of 3.96% and a return on equity of 11.90%. The firm had revenue of $30.85 billion during the quarter, compared to analyst estimates of $31.82 billion. Equities analysts expect that Valero Energy Co. will post 6.21 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Tuesday, November 20th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Monday, November 19th. Valero Energy’s dividend payout ratio is presently 64.52%.

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Valero Energy Company Profile

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.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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