4,016 Valero Energy Corporation $VLO Shares Bought by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services increased its Valero Energy stake by 10.6% in the third quarter, adding 4,016 shares and bringing its holdings to 41,923 shares, valued at about $16.25 million.
• Valero reported quarterly earnings of $23.90 per share, beating analyst expectations of $21.17; revenue rose 43.3% year over year to $46.1 billion.
• Analysts gave Valero a consensus “Moderate Buy” rating with an average price target of $406.32. The company also declared a quarterly dividend of $1.20 per share.

Kestra Advisory Services LLC increased its stake in Valero Energy Corporation (NYSE:VLO - Free Report) by 10.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,923 shares of the oil and gas company's stock after acquiring an additional 4,016 shares during the quarter. Kestra Advisory Services LLC's holdings in Valero Energy were worth $16,250,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Moore Capital Management LP acquired a new position in Valero Energy during the 2nd quarter worth approximately $13,193,000. QRG Capital Management Inc. grew its stake in Valero Energy by 5.5% in the second quarter. QRG Capital Management Inc. now owns 58,558 shares of the oil and gas company's stock valued at $15,251,000 after acquiring an additional 3,037 shares during the period. Atlatl Advisers LLC acquired a new stake in Valero Energy in the third quarter valued at approximately $10,206,000. QP Wealth Management LLC bought a new stake in shares of Valero Energy during the third quarter valued at approximately $1,423,000. Finally, Jennison Associates LLC increased its holdings in shares of Valero Energy by 377.1% during the first quarter. Jennison Associates LLC now owns 413,437 shares of the oil and gas company's stock valued at $102,152,000 after acquiring an additional 326,777 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Stock Down 0.0%

Valero Energy stock opened at $346.29 on Monday. Valero Energy Corporation has a fifty-two week low of $159.90 and a fifty-two week high of $461.52. The stock has a market cap of $96.57 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 0.18 and a beta of 0.58. The firm's 50-day simple moving average is $399.61 and its 200 day simple moving average is $289.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.33 and a current ratio of 1.72.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The oil and gas company reported $23.90 EPS for the quarter, beating the consensus estimate of $21.17 by $2.73. Valero Energy had a net margin of 8.44% and a return on equity of 45.90%. The firm had revenue of $46.10 billion during the quarter, compared to analyst estimates of $42.71 billion. During the same quarter last year, the business posted $3.66 EPS. The company's revenue for the quarter was up 43.3% on a year-over-year basis. Research analysts predict that Valero Energy Corporation will post 57.83 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Tuesday, November 24th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, November 24th. Valero Energy's dividend payout ratio (DPR) is presently 10.80%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VLO. Citigroup upped their target price on Valero Energy from $485.00 to $490.00 and gave the stock a "neutral" rating in a research report on Friday, October 23rd. Erste Group Bank lowered shares of Valero Energy from a "buy" rating to a "hold" rating in a research note on Thursday, August 27th. Dbs Bank downgraded shares of Valero Energy to a "hold" rating and set a $436.00 price objective on the stock. in a report on Monday, October 19th. Wells Fargo & Company upped their price objective on shares of Valero Energy from $485.00 to $489.00 and gave the stock an "overweight" rating in a report on Friday, October 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Valero Energy from $339.00 to $439.00 and gave the company an "overweight" rating in a research note on Thursday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $406.32.

About Valero Energy

Valero Energy Corporation is an international refiner and producer of transportation fuels and other petroleum products, headquartered in San Antonio, Texas. Its refining business processes crude oil and other feedstocks into products such as gasoline, diesel, jet fuel, asphalt and petrochemical feedstocks.

The company markets and distributes fuels to wholesale customers and through branded distribution networks. Its refining operations span the United States, Canada and the United Kingdom, with products serving customers in North America and other markets.

Valero also produces renewable fuels, including ethanol and renewable diesel.

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