IMA Wealth Inc. decreased its place in Valero Vitality Co. (NYSE:VLO – Get Ranking) by 4.8% throughout the third quarter, in accordance with its most up-to-date disclosure with the Securities and Trade Fee. The agency owned 45,623 shares of the oil and gasoline firm’s inventory after promoting 2,286 shares throughout the quarter. Valero Vitality makes up 1.3% of IMA Wealth Inc.’s funding portfolio, making the inventory its seventeenth largest place. IMA Wealth Inc.’s holdings in Valero Vitality have been value $4,875,000 on the finish of the newest quarter.
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Different hedge funds have additionally just lately modified their holdings of the corporate. Financial institution Julius Baer & Co. Ltd Zurich boosted its stake in shares of Valero Vitality by 2,470.0% throughout the third quarter. Financial institution Julius Baer & Co. Ltd Zurich now owns 257 shares of the oil and gasoline firm’s inventory valued at $27,000 after buying an extra 247 shares within the final quarter. HighMark Wealth Administration LLC boosted its stake in shares of Valero Vitality by 60.6% throughout the third quarter. HighMark Wealth Administration LLC now owns 265 shares of the oil and gasoline firm’s inventory valued at $28,000 after buying an extra 100 shares within the final quarter. IAG Wealth Companions LLC purchased a brand new stake in shares of Valero Vitality throughout the third quarter valued at about $31,000. Ronald Blue Belief Inc. boosted its stake in shares of Valero Vitality by 56.3% throughout the third quarter. Ronald Blue Belief Inc. now owns 322 shares of the oil and gasoline firm’s inventory valued at $34,000 after buying an extra 116 shares within the final quarter. Lastly, Cambridge Belief Co. boosted its stake in shares of Valero Vitality by 123.3% throughout the third quarter. Cambridge Belief Co. now owns 335 shares of the oil and gasoline firm’s inventory valued at $36,000 after buying an extra 185 shares within the final quarter. Hedge funds and different institutional traders personal 79.28% of the corporate’s inventory.
Valero Vitality Inventory Up 3.0 %
Shares of NYSE VLO traded up $3.98 throughout noon buying and selling on Friday, hitting $136.26. The inventory had a buying and selling quantity of 1,183,365 shares, in comparison with its common quantity of three,714,841. The enterprise’s 50 day shifting common is $134.90 and its 200-day shifting common is $125.96. The corporate has a market cap of $50.57 billion, a P/E ratio of 4.54, a PEG ratio of 0.91 and a beta of 1.65. Valero Vitality Co. has a 52 week low of $83.13 and a 52 week excessive of $150.39. The corporate has a fast ratio of 1.00, a present ratio of 1.38 and a debt-to-equity ratio of 0.41.
Valero Vitality (NYSE:VLO – Get Ranking) final issued its earnings outcomes on Thursday, January twenty sixth. The oil and gasoline firm reported $8.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.45 by $1.00. The agency had income of $41.75 billion for the quarter, in comparison with the consensus estimate of $43.31 billion. Valero Vitality had a internet margin of 6.54% and a return on fairness of fifty.15%. The enterprise’s income was up 16.3% on a year-over-year foundation. Throughout the identical quarter within the prior yr, the agency posted $2.47 earnings per share. As a gaggle, analysts predict that Valero Vitality Co. will submit 24.34 EPS for the present yr.
Valero Vitality Will increase Dividend
The enterprise additionally just lately disclosed a quarterly dividend, which shall be paid on Thursday, March sixteenth. Stockholders of document on Tuesday, February 14th shall be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of two.99%. It is a enhance from Valero Vitality’s earlier quarterly dividend of $0.98. The ex-dividend date of this dividend is Monday, February thirteenth. Valero Vitality’s payout ratio is presently 14.01%.
Analyst Upgrades and Downgrades
Numerous equities analysis analysts have just lately weighed in on the inventory. Wells Fargo & Firm lifted their goal worth on shares of Valero Vitality from $140.00 to $160.00 in a analysis observe on Friday, January twenty seventh. Morgan Stanley boosted their worth goal on shares of Valero Vitality from $140.00 to $170.00 and gave the inventory an “chubby” score in a analysis observe on Friday, January twentieth. The Goldman Sachs Group boosted their worth goal on shares of Valero Vitality from $111.00 to $126.00 and gave the inventory a “promote” score in a analysis observe on Thursday, January nineteenth. Barclays boosted their worth goal on shares of Valero Vitality from $151.00 to $159.00 and gave the inventory an “chubby” score in a analysis observe on Friday, January twenty seventh. Lastly, Mizuho boosted their worth goal on shares of Valero Vitality from $157.00 to $170.00 in a analysis observe on Friday. One analyst has rated the inventory with a promote score, one has issued a maintain score, ten have assigned a purchase score and two have assigned a robust purchase score to the corporate. Based mostly on knowledge from MarketBeat.com, the inventory has a consensus score of “Average Purchase” and a consensus goal worth of $151.38.
About Valero Vitality
Valero Vitality Corp. engages within the manufacture and advertising and marketing of transportation fuels and different petrochemical merchandise. It operates by the next enterprise segments: Refining, Ethanol and Renewable Diesel. The Refining phase consists of refining operations, related advertising and marketing actions, and logistics property that help its refining operations.
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