Quantinno Capital Management LP Has $2.41 Million Position in Valero Energy Co. (NYSE:VLO)

Quantinno Capital Management LP lifted its stake in shares of Valero Energy Co. (NYSE:VLO) by 25.7% during the third quarter, HoldingsChannel reports. The firm owned 17,875 shares of the oil and gas company’s stock after acquiring an additional 3,659 shares during the quarter. Quantinno Capital Management LP’s holdings in Valero Energy were worth $2,414,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. International Private Wealth Advisors LLC grew its position in shares of Valero Energy by 3.4% in the 2nd quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock valued at $309,000 after acquiring an additional 65 shares during the period. OmniStar Financial Group Inc. grew its holdings in Valero Energy by 1.6% during 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 period. Everhart Financial Group Inc. increased its position in Valero Energy by 5.5% during the second quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock worth $214,000 after buying an additional 71 shares during the last quarter. St. Johns Investment Management Company LLC raised its stake in Valero Energy by 1.4% in the second quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company’s stock valued at $794,000 after buying an additional 72 shares during the period. Finally, Magnus Financial Group LLC lifted its position in shares of Valero Energy by 4.3% in the second quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company’s stock valued at $275,000 after buying an additional 73 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Down 1.6 %

VLO stock opened at $132.34 on Wednesday. The business has a 50-day simple moving average of $136.97 and a 200 day simple moving average of $144.03. Valero Energy Co. has a 52 week low of $120.21 and a 52 week high of $184.79. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The company has a market cap of $41.90 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 2.47 and a beta of 1.40.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.16. The business had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. Valero Energy’s revenue was down 14.4% compared to the same quarter last year. During the same period last year, the firm posted $7.49 earnings per share. Sell-side analysts anticipate that Valero Energy Co. will post 8.89 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be given a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 annualized dividend and a yield of 3.23%. Valero Energy’s dividend payout ratio is presently 38.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. TD Cowen dropped their price target on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Piper Sandler lowered shares of Valero Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $169.00 to $123.00 in a research report on Friday, September 20th. Mizuho reduced their target price on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Citigroup lowered their price target on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Bank of America began coverage on Valero Energy in a report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $155.50.

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.