Axxcess Wealth Management LLC Has $385,000 Stake in Valero Energy Co. (NYSE:VLO)

Axxcess Wealth Management LLC trimmed its stake in Valero Energy Co. (NYSE:VLO) by 68.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,850 shares of the oil and gas company’s stock after selling 6,085 shares during the period. Axxcess Wealth Management LLC’s holdings in Valero Energy were worth $385,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the business. International Private Wealth Advisors LLC boosted its position in shares of Valero Energy by 3.4% during 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 in the last quarter. OmniStar Financial Group Inc. boosted its position in shares of Valero Energy by 1.6% during the 2nd quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock valued at $712,000 after acquiring an additional 70 shares in the last quarter. Everhart Financial Group Inc. boosted its position in shares of Valero Energy by 5.5% during the 2nd quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $214,000 after acquiring an additional 71 shares in the last quarter. St. Johns Investment Management Company LLC lifted its holdings in Valero Energy by 1.4% during the 2nd 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 purchasing an additional 72 shares during the last quarter. Finally, Magnus Financial Group LLC lifted its holdings in Valero Energy by 4.3% during the 2nd quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company’s stock valued at $275,000 after purchasing an additional 73 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Up 1.8 %

Shares of NYSE VLO opened at $139.55 on Thursday. The stock has a market cap of $44.18 billion, a P/E ratio of 12.52, a P/E/G ratio of 2.51 and a beta of 1.39. The firm has a 50 day moving average price of $135.63 and a 200 day moving average price of $146.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. Valero Energy Co. has a 52-week low of $120.21 and a 52-week high of $184.79.

Valero Energy (NYSE:VLO) last released its quarterly earnings results 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 company had revenue of $32.88 billion during the quarter, compared to analysts’ expectations of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.49 earnings per share. Analysts expect that Valero Energy Co. will post 9.1 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Wednesday, November 20th. Valero Energy’s dividend payout ratio (DPR) is presently 38.39%.

Analysts Set New Price Targets

VLO has been the subject of several analyst reports. Citigroup cut their price target on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a report on Friday, October 25th. Bank of America initiated coverage on shares of Valero Energy in a research note on Thursday, October 17th. They issued a “neutral” rating and a $150.00 target price for the company. Scotiabank dropped their target price on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company raised shares of Valero Energy from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $172.00 to $165.00 in a research note on Wednesday, October 9th. Finally, Wolfe Research initiated coverage on shares of Valero Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $177.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $155.86.

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.