True North Advisors LLC Has $234,000 Holdings in Valero Energy Co. (NYSE:VLO)

True North Advisors LLC trimmed its holdings in shares of Valero Energy Co. (NYSE:VLO) by 65.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,734 shares of the oil and gas company’s stock after selling 3,267 shares during the quarter. True North Advisors LLC’s holdings in Valero Energy were worth $234,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Collective Family Office LLC lifted its position in shares of Valero Energy by 1.5% during the first quarter. Collective Family Office LLC now owns 4,040 shares of the oil and gas company’s stock worth $690,000 after acquiring an additional 58 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Valero Energy by 4.7% in the 1st quarter. Versant Capital Management Inc now owns 1,327 shares of the oil and gas company’s stock worth $227,000 after acquiring an additional 59 shares during the last quarter. International Private Wealth Advisors LLC boosted its position in Valero Energy by 3.4% during the second quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock valued at $309,000 after buying an additional 65 shares during the period. Aua Capital Management LLC boosted its holdings in Valero Energy by 3.1% during the 1st quarter. Aua Capital Management LLC now owns 2,261 shares of the oil and gas company’s stock valued at $386,000 after acquiring an additional 67 shares during the period. Finally, OmniStar Financial Group Inc. grew its holdings in shares of Valero Energy by 1.6% in the second quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock worth $712,000 after purchasing an additional 70 shares during the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. BMO Capital Markets dropped their target price on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. The Goldman Sachs Group decreased their price objective on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a report on Monday, September 16th. Mizuho cut their price target on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Finally, Barclays reduced their price objective on Valero Energy from $165.00 to $146.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $164.73.

Valero Energy Stock Up 0.3 %

Shares of NYSE:VLO opened at $136.75 on Wednesday. The company has a market cap of $44.72 billion, a price-to-earnings ratio of 6.75, a PEG ratio of 3.62 and a beta of 1.39. Valero Energy Co. has a 12 month low of $119.88 and a 12 month high of $184.79. The company has a 50-day moving average price of $141.86 and a 200 day moving average price of $153.25. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.60 by $0.11. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The business had revenue of $34.49 billion during the quarter, compared to the consensus estimate of $32.97 billion. During the same quarter last year, the firm earned $5.40 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. As a group, equities research analysts predict that Valero Energy Co. will post 9.85 earnings per share for the current year.

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 1st were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Thursday, August 1st. Valero Energy’s dividend payout ratio (DPR) is presently 21.20%.

About Valero Energy

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.