Tranquility Partners LLC Sells 72 Shares of Valero Energy Corporation $VLO

Tranquility Partners LLC trimmed its stake in Valero Energy Corporation (NYSE:VLO) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,782 shares of the oil and gas company’s stock after selling 72 shares during the quarter. Tranquility Partners LLC’s holdings in Valero Energy were worth $374,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hoey Investments Inc. bought a new position in shares of Valero Energy during the 2nd quarter worth approximately $26,000. Wayfinding Financial LLC bought a new position in shares of Valero Energy during the 1st quarter worth approximately $26,000. GFG Capital LLC bought a new position in shares of Valero Energy during the 2nd quarter worth approximately $27,000. Hazlett Burt & Watson Inc. boosted its stake in shares of Valero Energy by 156.6% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 130 shares during the period. Finally, Ransom Advisory Ltd bought a new position in shares of Valero Energy during the 1st quarter worth approximately $43,000. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Jefferies Financial Group lifted their target price on Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley downgraded Valero Energy from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $160.00 to $175.00 in a research note on Friday, October 3rd. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Mizuho boosted their price target on Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Finally, Raymond James Financial boosted their price target on Valero Energy from $170.00 to $177.00 and gave the company a “strong-buy” rating in a research note on Tuesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $169.80.

Valero Energy Price Performance

Shares of NYSE VLO opened at $158.19 on Friday. The stock has a market capitalization of $49.14 billion, a PE ratio of 65.91, a P/E/G ratio of 1.69 and a beta of 1.05. 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 fifty day moving average price of $153.45 and a two-hundred day moving average price of $137.94. 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 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. 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 company’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.71 EPS. As a group, equities analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were issued a $1.13 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $4.52 annualized dividend and a yield of 2.9%. Valero Energy’s payout ratio is currently 188.33%.

Valero Energy 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.