Parallel Advisors LLC boosted its position in Valero Energy Co. (NYSE:VLO) by 4.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,541 shares of the oil and gas company’s stock after buying an additional 113 shares during the quarter. Parallel Advisors LLC’s holdings in Valero Energy were worth $217,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of VLO. Marshall Wace LLP acquired a new position in Valero Energy in the 1st quarter worth about $90,000. Thomasville National Bank purchased a new position in Valero Energy in the second quarter worth approximately $1,606,000. Private Trust Co. NA grew its position in Valero Energy by 11.4% in the second quarter. Private Trust Co. NA now owns 3,380 shares of the oil and gas company’s stock worth $289,000 after acquiring an additional 347 shares during the period. Fulton Bank N.A. grew its position in Valero Energy by 45.7% in the second quarter. Fulton Bank N.A. now owns 12,057 shares of the oil and gas company’s stock worth $1,032,000 after acquiring an additional 3,783 shares during the period. Finally, Montecito Bank & Trust grew its position in Valero Energy by 6.9% in the second quarter. Montecito Bank & Trust now owns 6,132 shares of the oil and gas company’s stock worth $525,000 after acquiring an additional 395 shares during the period. Hedge funds and other institutional investors own 76.11% of the company’s stock.

NYSE:VLO traded down $0.54 during trading hours on Friday, reaching $100.86. 2,664,839 shares of the stock were exchanged, compared to its average volume of 3,471,837. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average of $90.73 and a two-hundred day moving average of $83.27. Valero Energy Co. has a twelve month low of $68.81 and a twelve month high of $101.99. The company has a market capitalization of $41.89 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 2.62 and a beta of 1.49.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.13. Valero Energy had a return on equity of 10.31% and a net margin of 2.12%. The company had revenue of $27.25 billion for the quarter, compared to analysts’ expectations of $25.93 billion. During the same period in the prior year, the firm earned $2.01 earnings per share. The firm’s revenue was down 11.7% compared to the same quarter last year. On average, research analysts forecast that Valero Energy Co. will post 4.83 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Tuesday, November 19th. Valero Energy’s dividend payout ratio (DPR) is 48.85%.

Several research analysts recently weighed in on VLO shares. Goldman Sachs Group set a $104.00 price objective on Valero Energy and gave the stock a “buy” rating in a research report on Friday, October 25th. ValuEngine lowered Valero Energy from a “sell” rating to a “strong sell” rating in a research report on Friday. JPMorgan Chase & Co. lowered their price objective on Valero Energy from $96.00 to $83.00 and set an “overweight” rating for the company in a research report on Tuesday, September 10th. Wells Fargo & Co upped their price target on Valero Energy from $107.00 to $108.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Finally, Morgan Stanley upped their price target on Valero Energy from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $103.22.

About Valero Energy

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.

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

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