Price Wealth Management Inc. purchased a new position in Valero Energy Co. (NYSE:VLO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,652 shares of the oil and gas company’s stock, valued at approximately $655,000.
Several other large investors also recently modified their holdings of VLO. Advisory Alpha LLC bought a new stake in Valero Energy in the 1st quarter worth $27,000. Archford Capital Strategies LLC grew its holdings in Valero Energy by 122.7% in the 2nd quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 200 shares during the last quarter. Titan Capital Management LLC CA bought a new stake in Valero Energy in the 2nd quarter worth $32,000. Covenant Multifamily Offices LLC bought a new stake in Valero Energy in the 1st quarter worth $36,000. Finally, NuWave Investment Management LLC grew its holdings in Valero Energy by 1,107.7% in the 2nd quarter. NuWave Investment Management LLC now owns 471 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 432 shares during the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors.
VLO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of Valero Energy from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $102.00 to $105.00 in a report on Tuesday, May 14th. Wells Fargo & Co set a $107.00 target price on shares of Valero Energy and gave the stock a “buy” rating in a research report on Friday, July 26th. Goldman Sachs Group raised shares of Valero Energy from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $96.00 to $92.00 in a research report on Thursday, June 6th. ValuEngine cut shares of Valero Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Finally, 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. Valero Energy presently has a consensus rating of “Buy” and an average target price of $105.47.
Shares of NYSE:VLO traded up $1.95 on Thursday, hitting $74.71. The company had a trading volume of 93,972 shares, compared to its average volume of 3,315,898. The firm’s 50-day simple moving average is $80.54 and its two-hundred day simple moving average is $82.39. Valero Energy Co. has a 1 year low of $68.81 and a 1 year high of $121.72. 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 firm has a market capitalization of $30.55 billion, a price-to-earnings ratio of 10.14, a P/E/G ratio of 1.85 and a beta of 1.48.
Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.14. Valero Energy had a net margin of 2.27% and a return on equity of 11.31%. The company had revenue of $28.93 billion during the quarter, compared to analysts’ expectations of $25.45 billion. During the same period last year, the company posted $2.15 EPS. Valero Energy’s revenue was down 6.7% on a year-over-year basis. Equities research analysts anticipate that Valero Energy Co. will post 4.99 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 6th will be given a dividend of $0.90 per share. The ex-dividend date is Monday, August 5th. This represents a $3.60 dividend on an annualized basis and a yield of 4.82%. Valero Energy’s dividend payout ratio (DPR) is currently 48.85%.
Valero Energy 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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