Pathstone Family Office LLC Acquires 18,791 Shares of Valero Energy Co. (NYSE:VLO)

Pathstone Family Office LLC grew its holdings in Valero Energy Co. (NYSE:VLOFree Report) by 433.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,127 shares of the oil and gas company’s stock after purchasing an additional 18,791 shares during the period. Pathstone Family Office LLC’s holdings in Valero Energy were worth $3,277,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Pine Valley Investments Ltd Liability Co raised its holdings in shares of Valero Energy by 17.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 26,268 shares of the oil and gas company’s stock valued at $3,722,000 after purchasing an additional 3,830 shares during the last quarter. 9258 Wealth Management LLC acquired a new position in Valero Energy during the third quarter worth $225,000. Vanguard Personalized Indexing Management LLC increased its holdings in Valero Energy by 4.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 35,126 shares of the oil and gas company’s stock worth $4,978,000 after buying an additional 1,641 shares during the last quarter. AMG National Trust Bank acquired a new position in Valero Energy during the third quarter worth $220,000. Finally, Washburn Capital Management Inc. increased its holdings in Valero Energy by 8.1% during the third quarter. Washburn Capital Management Inc. now owns 2,815 shares of the oil and gas company’s stock worth $399,000 after buying an additional 210 shares during the last quarter. 77.07% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Trading Up 0.9 %

Shares of Valero Energy stock opened at $143.06 on Friday. Valero Energy Co. has a 52-week low of $104.18 and a 52-week high of $152.20. The firm has a 50-day moving average of $131.24 and a 200-day moving average of $131.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.08 and a current ratio of 1.51. The stock has a market cap of $48.70 billion, a PE ratio of 5.78, a PEG ratio of 1.63 and a beta of 1.53.

Valero Energy (NYSE:VLOGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.60. Valero Energy had a net margin of 6.10% and a return on equity of 31.86%. The business had revenue of $35.41 billion during the quarter, compared to analysts’ expectations of $34.76 billion. During the same quarter in the prior year, the business posted $8.45 earnings per share. Valero Energy’s revenue was down 15.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Valero Energy Co. will post 14.51 EPS for the current year.

Valero Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 4th. Investors of record on Thursday, February 1st will be given a dividend of $1.07 per share. This is a boost from Valero Energy’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $4.28 annualized dividend and a yield of 2.99%. Valero Energy’s dividend payout ratio is currently 17.31%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on VLO shares. Raymond James boosted their target price on shares of Valero Energy from $154.00 to $155.00 and gave the stock a “strong-buy” rating in a report on Friday, January 26th. Barclays lifted their price objective on shares of Valero Energy from $146.00 to $149.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Tudor, Pickering, Holt & Co. cut shares of Valero Energy from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $150.00 to $130.00 in a research report on Monday, October 30th. Finally, Citigroup assumed coverage on shares of Valero Energy in a research report on Wednesday, January 24th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.62.

View Our Latest Stock Report on VLO

Valero Energy Company Profile

(Free Report)

Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending and Conventional Blendstock for Oxygenate Blending gasolines, CARB diesel, diesel, jet fuel, and asphalt; aromatics; and sulfur crude oils.

See Also

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

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