O Brien Greene & Co. Inc Sells 1,945 Shares of Valero Energy Corporation $VLO

O Brien Greene & Co. Inc lessened its stake in Valero Energy Corporation (NYSE:VLO) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,950 shares of the oil and gas company’s stock after selling 1,945 shares during the quarter. Valero Energy accounts for approximately 2.2% of O Brien Greene & Co. Inc’s holdings, making the stock its 19th biggest position. O Brien Greene & Co. Inc’s holdings in Valero Energy were worth $6,714,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VLO. Kestra Private Wealth Services LLC boosted its stake in Valero Energy by 18.5% during the 1st 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 purchasing an additional 3,503 shares during the last quarter. Hancock Whitney Corp raised its stake in shares of Valero Energy by 8.9% in the first quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock worth $6,138,000 after purchasing an additional 3,790 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Valero Energy during the first quarter valued at $766,000. FORA Capital LLC bought a new stake in Valero Energy in the 1st quarter worth about $866,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Valero Energy by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 560,495 shares of the oil and gas company’s stock worth $74,025,000 after buying an additional 56,274 shares during the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Up 3.6%

Shares of VLO stock opened at $176.28 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. Valero Energy Corporation has a one year low of $99.00 and a one year high of $179.10. The company’s fifty day moving average price is $163.87 and its 200-day moving average price is $144.65. The company has a market capitalization of $53.77 billion, a price-to-earnings ratio of 36.80, a PEG ratio of 1.77 and a beta of 1.01.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.51. The business had revenue of $32.17 billion during the quarter, compared to analyst estimates of $28.80 billion. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.Valero Energy’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.14 EPS. Sell-side analysts expect that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, November 20th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $4.52 dividend on an annualized basis and a yield of 2.6%. Valero Energy’s payout ratio is currently 94.36%.

Wall Street Analysts Forecast Growth

VLO has been the topic of a number of recent analyst reports. Raymond James Financial reaffirmed a “strong-buy” rating and set a $195.00 price target (up previously from $181.00) on shares of Valero Energy in a report on Friday, October 24th. Mizuho lifted their target price on shares of Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. JPMorgan Chase & Co. boosted their target price on shares of Valero Energy from $177.00 to $197.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Citigroup lowered Valero Energy from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $134.00 to $150.00 in a report on Wednesday, July 16th. Finally, Jefferies Financial Group raised their target price on Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $179.27.

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.