City Center Advisors LLC Has $381,000 Stock Holdings in Valero Energy Co. (NYSE:VLO)

City Center Advisors LLC reduced its stake in shares of Valero Energy Co. (NYSE:VLO) by 28.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,824 shares of the oil and gas company’s stock after selling 1,124 shares during the period. City Center Advisors LLC’s holdings in Valero Energy were worth $381,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Ameriprise Financial Inc. lifted its position in Valero Energy by 2.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock valued at $1,090,532,000 after acquiring an additional 192,397 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Valero Energy by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock valued at $677,007,000 after purchasing an additional 237,347 shares in the last quarter. Putnam Investments LLC boosted its position in shares of Valero Energy by 3.7% during the fourth quarter. Putnam Investments LLC now owns 3,445,821 shares of the oil and gas company’s stock worth $447,957,000 after buying an additional 122,207 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Valero Energy by 1.9% during the second quarter. Pacer Advisors Inc. now owns 3,018,107 shares of the oil and gas company’s stock worth $473,118,000 after buying an additional 56,989 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Valero Energy by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,809,355 shares of the oil and gas company’s stock valued at $440,394,000 after buying an additional 82,539 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. StockNews.com downgraded Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Barclays reduced their price target on Valero Energy from $165.00 to $146.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. BMO Capital Markets lowered their price target on Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Wolfe Research began coverage on Valero Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus target price of $165.20.

Valero Energy Stock Performance

NYSE VLO opened at $143.98 on Tuesday. Valero Energy Co. has a 52-week low of $119.88 and a 52-week high of $184.79. The stock has a market cap of $46.13 billion, a PE ratio of 7.13, a P/E/G ratio of 3.62 and a beta of 1.39. The firm has a 50-day moving average of $142.67 and a 200-day moving average of $153.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.60 by $0.11. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The company had revenue of $34.49 billion during the quarter, compared to analysts’ expectations of $32.97 billion. During the same quarter in the previous year, the business posted $5.40 earnings per share. Valero Energy’s quarterly revenue was down .1% on a year-over-year basis. On average, sell-side analysts anticipate that Valero Energy Co. will post 9.85 EPS for the current year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st were paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Thursday, August 1st. Valero Energy’s dividend payout ratio (DPR) is currently 21.20%.

Valero Energy Company Profile

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.