Valero Energy Corporation $VLO Stock Sold by United Capital Management of KS Inc.

United Capital Management of KS Inc. trimmed its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,765 shares of the oil and gas company’s stock after selling 2,756 shares during the quarter. Valero Energy accounts for about 4.1% of United Capital Management of KS Inc.’s portfolio, making the stock its 3rd largest position. United Capital Management of KS Inc.’s holdings in Valero Energy were worth $31,305,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Zone Wealth Advisors LLC boosted its holdings in Valero Energy by 2.4% in the third quarter. Blue Zone Wealth Advisors LLC now owns 1,027 shares of the oil and gas company’s stock worth $398,000 after acquiring an additional 24 shares in the last quarter. Grove Bank & Trust grew its stake in shares of Valero Energy by 1.0% during the third quarter. Grove Bank & Trust now owns 2,608 shares of the oil and gas company’s stock worth $1,011,000 after acquiring an additional 25 shares during the last quarter. 180 Wealth Advisors LLC increased its holdings in shares of Valero Energy by 0.5% during the third quarter. 180 Wealth Advisors LLC now owns 5,317 shares of the oil and gas company’s stock valued at $2,061,000 after acquiring an additional 28 shares in the last quarter. Sigma Planning Corp increased its holdings in shares of Valero Energy by 0.4% during the third quarter. Sigma Planning Corp now owns 7,171 shares of the oil and gas company’s stock valued at $2,779,000 after acquiring an additional 29 shares in the last quarter. Finally, Modera Wealth Management LLC raised its position in shares of Valero Energy by 3.7% in the 3rd quarter. Modera Wealth Management LLC now owns 956 shares of the oil and gas company’s stock valued at $370,000 after purchasing an additional 34 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on VLO shares. Jefferies Financial Group lowered their target price on shares of Valero Energy from $401.00 to $394.00 and set a “hold” rating for the company in a research note on Thursday, October 8th. TD Cowen upped their price target on shares of Valero Energy from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Thursday, October 22nd. Morgan Stanley raised their price target on shares of Valero Energy from $411.00 to $420.00 and gave the stock an “equal weight” rating in a report on Monday, November 2nd. Wells Fargo & Company lifted their price objective on shares of Valero Energy from $485.00 to $489.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Finally, Mizuho boosted their price objective on shares of Valero Energy from $434.00 to $436.00 and gave the company a “neutral” rating in a report on Monday, November 2nd. Three 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $406.32.

Valero Energy Trading Up 2.9%

Shares of NYSE:VLO opened at $356.64 on Tuesday. Valero Energy Corporation has a 52-week low of $159.90 and a 52-week high of $461.52. The stock has a market cap of $102.69 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 0.19 and a beta of 0.58. 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 business has a 50-day moving average price of $399.69 and a 200-day moving average price of $290.45.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 22nd. The oil and gas company reported $23.90 EPS for the quarter, topping analysts’ consensus estimates of $21.17 by $2.73. The firm had revenue of $46.10 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $3.66 earnings per share. Equities analysts predict that Valero Energy Corporation will post 57.83 EPS for the current year.

Valero Energy Dividend Announcement

The firm 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 dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, November 24th. This represents a $4.80 dividend on an annualized basis and a yield of 1.3%. Valero Energy’s dividend payout ratio (DPR) is currently 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.