Eads & Heald Wealth Management Has $652,000 Stake in Valero Energy Corporation $VLO

Eads & Heald Wealth Management lifted its stake in Valero Energy Corporation (NYSE:VLO) by 3.3% in the second quarter, HoldingsChannel.com reports. The firm owned 4,853 shares of the oil and gas company’s stock after purchasing an additional 157 shares during the quarter. Eads & Heald Wealth Management’s holdings in Valero Energy were worth $652,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of VLO. Kestra Private Wealth Services LLC boosted its holdings in Valero Energy by 18.5% in the first quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company’s stock valued at $2,959,000 after acquiring an additional 3,503 shares during the last quarter. Hancock Whitney Corp lifted its position in Valero Energy by 8.9% during the 1st quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock valued at $6,138,000 after purchasing an additional 3,790 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Valero Energy in the 1st quarter valued at about $766,000. FORA Capital LLC acquired a new stake in shares of Valero Energy during the 1st quarter worth approximately $866,000. Finally, Dynamic Advisor Solutions LLC bought a new stake in shares of Valero Energy during the first quarter worth approximately $462,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Down 2.6%

Shares of Valero Energy stock opened at $160.37 on Monday. The firm has a market cap of $49.82 billion, a PE ratio of 66.82, a P/E/G ratio of 1.69 and a beta of 1.05. The business’s 50 day simple moving average is $151.24 and its 200 day simple moving average is $136.96. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $178.43.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.62. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The company had revenue of $29.89 billion during the quarter, compared to analysts’ expectations of $27 billion. During the same quarter last year, the company earned $2.71 EPS. Valero Energy’s revenue for the quarter was down 13.3% compared to the same quarter last year. On average, analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, July 31st. Valero Energy’s payout ratio is 188.33%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VLO. TD Cowen cut shares of Valero Energy from a “buy” rating to a “hold” rating and raised their price objective for the company from $118.00 to $140.00 in a research note on Tuesday, July 22nd. Evercore ISI raised their price target on Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a research report on Friday, September 19th. Mizuho upped their price objective on Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Wells Fargo & Company increased their target price on Valero Energy from $151.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Finally, Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $166.07.

Valero Energy Company Profile

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.