Valero Energy Co. (NYSE:VLO) shares reached a new 52-week low during trading on Friday . The company traded as low as $75.55 and last traded at $75.99, with a volume of 4669515 shares traded. The stock had previously closed at $78.84.

VLO has been the topic of a number of recent research reports. Standpoint Research raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Wells Fargo & Co reduced their target price on shares of Valero Energy from $141.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. ValuEngine raised 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 equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $116.80.

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 stock has a market capitalization of $33.74 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 0.33 and a beta of 1.08.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 25th. The oil and gas company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.06. The firm had revenue of $30.85 billion for the quarter, compared to analysts’ expectations of $31.82 billion. Valero Energy had a net margin of 3.96% and a return on equity of 11.90%. Research analysts anticipate that Valero Energy Co. will post 6.21 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Tuesday, November 20th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Monday, November 19th. This represents a $3.20 annualized dividend and a yield of 4.21%. Valero Energy’s dividend payout ratio is presently 64.52%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Truvestments Capital LLC acquired a new stake in Valero Energy in the third quarter valued at $101,000. Honkamp Krueger Financial Services Inc. acquired a new stake in Valero Energy in the third quarter valued at $135,000. Reilly Financial Advisors LLC raised its holdings in Valero Energy by 1,164.4% in the third quarter. Reilly Financial Advisors LLC now owns 1,315 shares of the oil and gas company’s stock valued at $150,000 after acquiring an additional 1,211 shares in the last quarter. Gradient Investments LLC raised its holdings in Valero Energy by 68.1% in the third quarter. Gradient Investments LLC now owns 1,353 shares of the oil and gas company’s stock valued at $154,000 after acquiring an additional 548 shares in the last quarter. Finally, Icon Wealth Partners LLC acquired a new stake in Valero Energy in the second quarter valued at $161,000. 78.74% of the stock is currently owned by hedge funds and other institutional investors.

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Valero Energy Company Profile (NYSE:VLO)

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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