Independent Solutions Wealth Management LLC Buys 174 Shares of Valero Energy Corporation (NYSE:VLO)

Independent Solutions Wealth Management LLC boosted its stake in shares of Valero Energy Corporation (NYSE:VLO) by 1.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,432 shares of the oil and gas company’s stock after purchasing an additional 174 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Valero Energy were worth $1,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new stake in shares of Valero Energy in the 4th quarter valued at about $29,000. OFI Invest Asset Management purchased a new stake in Valero Energy during the fourth quarter valued at approximately $37,000. Millstone Evans Group LLC acquired a new stake in Valero Energy in the fourth quarter valued at approximately $44,000. SBI Securities Co. Ltd. purchased a new position in Valero Energy in the fourth quarter worth $52,000. Finally, Transce3nd LLC acquired a new position in shares of Valero Energy during the fourth quarter worth $58,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

VLO has been the subject of several analyst reports. Evercore ISI assumed coverage on Valero Energy in a report on Wednesday, June 18th. They set an “in-line” rating and a $135.00 price objective for the company. TD Cowen decreased their price target on Valero Energy from $121.00 to $118.00 and set a “buy” rating for the company in a research note on Friday, April 25th. The Goldman Sachs Group raised Valero Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $127.00 to $154.00 in a report on Tuesday, May 13th. JPMorgan Chase & Co. cut their price objective on shares of Valero Energy from $152.00 to $147.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Finally, UBS Group decreased their price objective on shares of Valero Energy from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.88.

Valero Energy Stock Down 0.9%

NYSE:VLO opened at $135.82 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.56 and a quick ratio of 1.09. The company’s fifty day moving average price is $126.21 and its 200-day moving average price is $127.61. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $167.78. The firm has a market capitalization of $42.54 billion, a P/E ratio of 47.99, a PEG ratio of 2.39 and a beta of 0.99.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.27). The company had revenue of $28.76 billion for the quarter, compared to analyst estimates of $28.54 billion. Valero Energy had a return on equity of 6.30% and a net margin of 0.72%. Valero Energy’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.82 earnings per share. As a group, equities research analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 3.33%. The ex-dividend date was Tuesday, May 20th. Valero Energy’s dividend payout ratio is currently 159.72%.

About Valero Energy

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.