Frank Rimerman Advisors LLC Sells 1,164 Shares of Valero Energy Corporation $VLO

Frank Rimerman Advisors LLC lessened its stake in shares of Valero Energy Corporation (NYSE:VLO) by 30.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,600 shares of the oil and gas company’s stock after selling 1,164 shares during the period. Frank Rimerman Advisors LLC’s holdings in Valero Energy were worth $349,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Hoey Investments Inc. acquired a new position in shares of Valero Energy during the 2nd quarter worth approximately $26,000. GFG Capital LLC bought a new position in shares of Valero Energy in the second quarter valued at $27,000. Hantz Financial Services Inc. increased its holdings in Valero Energy by 1,277.8% during the second quarter. Hantz Financial Services Inc. now owns 248 shares of the oil and gas company’s stock worth $33,000 after buying an additional 230 shares during the last quarter. Ransom Advisory Ltd bought a new stake in Valero Energy during the first quarter worth $43,000. Finally, Hemington Wealth Management lifted its stake in Valero Energy by 39.9% in the first quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 95 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Stock Performance

Shares of NYSE VLO opened at $170.80 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. The firm has a market cap of $52.10 billion, a price-to-earnings ratio of 35.66, a P/E/G ratio of 1.77 and a beta of 1.01. The stock’s fifty day moving average price is $168.36 and its two-hundred day moving average price is $149.11. Valero Energy Corporation has a one year low of $99.00 and a one year high of $185.62.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.51. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The company had revenue of $32.17 billion during the quarter, compared to the consensus estimate of $28.80 billion. During the same quarter last year, the firm earned $1.14 earnings per share. The company’s revenue was down 2.2% on a year-over-year basis. On average, equities analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders 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%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VLO shares. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $195.00 target price (up from $181.00) on shares of Valero Energy in a report on Friday, October 24th. TD Cowen upped their price objective on Valero Energy from $162.00 to $165.00 and gave the company a “hold” rating in a research note on Friday, October 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Valero Energy in a research note on Wednesday, October 8th. Barclays boosted their target price on Valero Energy from $169.00 to $184.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Piper Sandler raised their price target on Valero Energy from $201.00 to $223.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Valero Energy has an average rating of “Moderate Buy” and an average target price of $182.00.

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.