Sendero Wealth Management LLC Has $2.60 Million Position in Valero Energy Corporation $VLO

Sendero Wealth Management LLC lessened its position in Valero Energy Corporation (NYSE:VLO) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,302 shares of the oil and gas company’s stock after selling 896 shares during the period. Sendero Wealth Management LLC’s holdings in Valero Energy were worth $2,595,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in Valero Energy by 276.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock worth $1,425,754,000 after buying an additional 7,931,018 shares during the period. Vanguard Group Inc. raised its position in shares of Valero Energy by 12.0% during the first quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock worth $5,135,043,000 after purchasing an additional 4,155,522 shares during the period. Nuveen LLC bought a new position in shares of Valero Energy during the 1st quarter valued at about $529,864,000. Invesco Ltd. grew its position in shares of Valero Energy by 34.1% in the 1st quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock valued at $647,823,000 after purchasing an additional 1,247,196 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Valero Energy by 6.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock valued at $1,510,586,000 after purchasing an additional 736,533 shares during the period. 78.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VLO. Mizuho lifted their price target on shares of Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Wells Fargo & Company boosted their price objective on shares of Valero Energy from $151.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Citigroup cut Valero Energy from a “buy” rating to a “neutral” rating and increased their target price for the stock from $134.00 to $150.00 in a report on Wednesday, July 16th. Wolfe Research lowered Valero Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Finally, Evercore ISI upped their price objective 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. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and an average price target of $166.07.

Valero Energy Price Performance

Shares of NYSE VLO opened at $160.37 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. The business has a 50-day moving average of $151.24 and a 200-day moving average of $136.96. The stock has a market capitalization of $49.82 billion, a price-to-earnings ratio of 66.82, a PEG ratio of 1.69 and a beta of 1.05. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $178.43.

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

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st were issued 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 was Thursday, July 31st. Valero Energy’s payout ratio is presently 188.33%.

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.