Envestnet Asset Management Inc. Lowers Stock Position in Valero Energy Corporation $VLO

Envestnet Asset Management Inc. cut its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 14.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 256,396 shares of the oil and gas company’s stock after selling 44,814 shares during the period. Envestnet Asset Management Inc. owned approximately 0.08% of Valero Energy worth $43,654,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its holdings in Valero Energy by 17.4% in the third quarter. Nisa Investment Advisors LLC now owns 160,794 shares of the oil and gas company’s stock valued at $27,377,000 after acquiring an additional 23,859 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Valero Energy by 15.7% in the 2nd quarter. Federated Hermes Inc. now owns 161,957 shares of the oil and gas company’s stock valued at $21,770,000 after purchasing an additional 21,997 shares during the last quarter. Rakuten Investment Management Inc. acquired a new position in shares of Valero Energy in the 3rd quarter valued at $4,534,000. Cerity Partners LLC grew its holdings in shares of Valero Energy by 9.0% during the 3rd quarter. Cerity Partners LLC now owns 104,859 shares of the oil and gas company’s stock worth $17,853,000 after purchasing an additional 8,638 shares during the period. Finally, Tema Etfs LLC acquired a new stake in shares of Valero Energy during the 3rd quarter worth about $1,669,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Down 0.9%

Shares of NYSE VLO opened at $199.60 on Wednesday. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $204.14. The company has a market capitalization of $60.88 billion, a price-to-earnings ratio of 26.13, a price-to-earnings-growth ratio of 1.09 and a beta of 0.77. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. The business has a 50-day moving average of $177.93 and a two-hundred day moving average of $166.36.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, January 29th. The oil and gas company reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.55. Valero Energy had a net margin of 1.91% and a return on equity of 12.34%. The business had revenue of $30.37 billion during the quarter, compared to the consensus estimate of $28.20 billion. During the same quarter in the previous year, the firm earned $0.64 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. On average, analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Thursday, February 5th will be issued a dividend of $1.20 per share. This is a boost from Valero Energy’s previous quarterly dividend of $1.13. This represents a $4.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, February 5th. Valero Energy’s dividend payout ratio is 62.83%.

Insiders Place Their Bets

In other news, CFO Jason W. Fraser sold 9,933 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $174.02, for a total value of $1,728,540.66. Following the completion of the sale, the chief financial officer owned 134,196 shares in the company, valued at approximately $23,352,787.92. This trade represents a 6.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VLO. Erste Group Bank initiated coverage on shares of Valero Energy in a research note on Monday, November 10th. They set a “buy” rating for the company. Barclays upped their price objective on shares of Valero Energy from $169.00 to $184.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Argus upgraded shares of Valero Energy to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Valero Energy in a research note on Wednesday, January 21st. Finally, Mizuho reaffirmed a “neutral” rating and issued a $192.00 price objective (up from $190.00) on shares of Valero Energy in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $187.67.

Valero Energy Profile

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.