Western Wealth Management LLC boosted its position in shares of Valero Energy Co. (NYSE:VLO) by 2,137.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,041 shares of the oil and gas company’s stock after buying an additional 96,526 shares during the period. Valero Energy accounts for about 1.1% of Western Wealth Management LLC’s portfolio, making the stock its 23rd largest holding. Western Wealth Management LLC’s holdings in Valero Energy were worth $8,359,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of VLO. Thoroughbred Financial Services LLC lifted its stake in Valero Energy by 8,873.5% during the second quarter. Thoroughbred Financial Services LLC now owns 1,347,276 shares of the oil and gas company’s stock worth $134,728,000 after purchasing an additional 1,332,262 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Valero Energy by 29.3% during the second quarter. Janus Henderson Group PLC now owns 2,495,692 shares of the oil and gas company’s stock worth $213,658,000 after purchasing an additional 564,854 shares during the last quarter. Carillon Tower Advisers Inc. purchased a new position in shares of Valero Energy during the first quarter worth about $40,981,000. DekaBank Deutsche Girozentrale grew its holdings in shares of Valero Energy by 169.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 632,848 shares of the oil and gas company’s stock worth $53,312,000 after purchasing an additional 398,267 shares during the last quarter. Finally, Impala Asset Management LLC purchased a new position in shares of Valero Energy during the first quarter worth about $31,956,000. Institutional investors own 76.39% of the company’s stock.
A number of equities research analysts recently commented on VLO shares. Goldman Sachs Group upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $96.00 to $92.00 in a research report on Thursday, June 6th. JPMorgan Chase & Co. decreased their target price on shares of Valero Energy from $96.00 to $83.00 and set an “overweight” rating for the company in a research report on Tuesday, September 10th. Royal Bank of Canada set a $98.00 target price on shares of Valero Energy and gave the stock a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Co set a $107.00 price objective on shares of Valero Energy and gave the company a “buy” rating in a report on Friday, July 26th. Finally, ValuEngine cut shares of Valero Energy from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $103.47.
Shares of NYSE:VLO opened at $85.53 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.42 and a quick ratio of 0.92. Valero Energy Co. has a one year low of $68.81 and a one year high of $120.72. The company has a 50 day moving average of $78.58 and a 200-day moving average of $81.89. The stock has a market cap of $34.26 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 2.09 and a beta of 1.50.
Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $1.51 EPS for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.14. Valero Energy had a net margin of 2.27% and a return on equity of 11.31%. The business had revenue of $28.93 billion for the quarter, compared to analyst estimates of $25.45 billion. During the same quarter in the previous year, the firm posted $2.15 earnings per share. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. Equities research analysts anticipate that Valero Energy Co. will post 4.99 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 6th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Monday, August 5th. Valero Energy’s dividend payout ratio (DPR) is currently 48.85%.
Valero Energy Company Profile
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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