Roundview Capital LLC Has $2.12 Million Position in Valero Energy Corporation (NYSE:VLO)

Roundview Capital LLC lessened its stake in shares of Valero Energy Corporation (NYSE:VLO) by 1.0% during the first quarter, Holdings Channel reports. The fund owned 16,065 shares of the oil and gas company’s stock after selling 166 shares during the quarter. Roundview Capital LLC’s holdings in Valero Energy were worth $2,122,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wayfinding Financial LLC bought a new stake in shares of Valero Energy in the 1st quarter worth $26,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of Valero Energy by 156.6% in the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock worth $28,000 after buying an additional 130 shares in the last quarter. Ameriflex Group Inc. bought a new stake in Valero Energy during the fourth quarter valued at approximately $29,000. Iron Horse Wealth Management LLC bought a new stake in Valero Energy during the first quarter valued at approximately $44,000. Finally, North Capital Inc. bought a new stake in Valero Energy during the first quarter valued at approximately $58,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

VLO has been the topic of a number of research analyst reports. Scotiabank reduced their price objective on shares of Valero Energy from $156.00 to $136.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Citigroup cut shares of Valero Energy from a “buy” rating to a “neutral” rating and upped their price target for the stock from $134.00 to $150.00 in a research note on Wednesday, July 16th. Wolfe Research cut shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Evercore ISI assumed coverage on shares of Valero Energy in a research note on Wednesday, June 18th. They issued an “in-line” rating and a $135.00 price objective on the stock. Finally, Wells Fargo & Company increased their price objective on shares of Valero Energy from $151.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Valero Energy has an average rating of “Moderate Buy” and a consensus target price of $153.80.

Valero Energy Trading Up 1.7%

Shares of VLO stock opened at $147.52 on Thursday. 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 has a market cap of $46.20 billion, a price-to-earnings ratio of 52.13, a PEG ratio of 2.53 and a beta of 1.00. The stock has a 50 day simple moving average of $137.43 and a 200-day simple moving average of $130.55. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $167.78.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.27). The company had revenue of $28.76 billion during the quarter, compared to analysts’ expectations of $28.54 billion. Valero Energy had a net margin of 0.72% and a return on equity of 6.30%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.82 earnings per share. On average, equities research analysts expect that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Thursday, July 31st. 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.