SRS Capital Advisors Inc. trimmed its position in shares of Valero Energy Co. (NYSE:VLO) by 39.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,275 shares of the oil and gas company’s stock after selling 843 shares during the period. SRS Capital Advisors Inc.’s holdings in Valero Energy were worth $145,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in shares of Valero Energy during the third quarter worth approximately $101,000. Kaizen Advisory LLC increased its stake in shares of Valero Energy by 156.8% during the second quarter. Kaizen Advisory LLC now owns 1,063 shares of the oil and gas company’s stock worth $118,000 after buying an additional 649 shares during the period. Kiley Juergens Wealth Management LLC purchased a new stake in shares of Valero Energy during the second quarter worth approximately $117,000. Stelac Advisory Services LLC purchased a new stake in shares of Valero Energy during the second quarter worth approximately $125,000. Finally, Reilly Financial Advisors LLC increased its stake in shares of Valero Energy by 1,164.4% during the third quarter. Reilly Financial Advisors LLC now owns 1,315 shares of the oil and gas company’s stock worth $150,000 after buying an additional 1,211 shares during the period. Hedge funds and other institutional investors own 78.12% of the company’s stock.

A number of analysts recently weighed in on the stock. Citigroup cut their target price on shares of Valero Energy from $134.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, October 16th. Credit Suisse Group upgraded shares of Valero Energy from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $135.00 to $120.00 in a research note on Thursday, November 1st. Morgan Stanley upped their target price on shares of Valero Energy from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 31st. Standpoint Research upgraded shares of Valero Energy from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Finally, Mizuho started coverage on shares of Valero Energy in a research note on Wednesday, August 1st. They issued a “neutral” rating and a $125.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. Valero Energy presently has a consensus rating of “Hold” and an average target price of $115.82.

Shares of Valero Energy stock opened at $87.58 on Friday. The company has a market capitalization of $39.57 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 0.76 and a beta of 1.15. Valero Energy Co. has a 52 week low of $80.00 and a 52 week high of $126.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.59.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 25th. The oil and gas company reported $2.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.06. The company had revenue of $30.85 billion for the quarter, compared to analyst estimates of $31.82 billion. Valero Energy had a net margin of 3.96% and a return on equity of 11.90%. Analysts anticipate that Valero Energy Co. will post 6.47 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Tuesday, November 20th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Monday, November 19th. Valero Energy’s payout ratio is currently 64.52%.

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About Valero Energy

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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