OneDigital Investment Advisors LLC lessened its holdings in Valero Energy Corporation (NYSE:VLO – Free Report) by 21.6% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,965 shares of the oil and gas company’s stock after selling 7,160 shares during the period. OneDigital Investment Advisors LLC’s holdings in Valero Energy were worth $6,762,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Plato Investment Management Ltd increased its position in shares of Valero Energy by 8.9% during the second quarter. Plato Investment Management Ltd now owns 2,888 shares of the oil and gas company’s stock valued at $748,000 after acquiring an additional 235 shares during the last quarter. Simplicity Wealth LLC grew its stake in Valero Energy by 984.8% in the 2nd quarter. Simplicity Wealth LLC now owns 15,394 shares of the oil and gas company’s stock valued at $4,009,000 after purchasing an additional 13,975 shares during the period. Trivium Point Advisory LLC grew its stake in Valero Energy by 9.1% in the 2nd quarter. Trivium Point Advisory LLC now owns 1,496 shares of the oil and gas company’s stock valued at $390,000 after purchasing an additional 125 shares during the period. HBK Sorce Advisory LLC increased its position in shares of Valero Energy by 25.2% during the 2nd quarter. HBK Sorce Advisory LLC now owns 4,591 shares of the oil and gas company’s stock valued at $1,196,000 after purchasing an additional 923 shares during the last quarter. Finally, Continuum Advisory LLC purchased a new stake in shares of Valero Energy during the 2nd quarter valued at $195,000. 78.69% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Zacks Research raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. TD Cowen raised their price objective on shares of Valero Energy from $338.00 to $350.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. The Goldman Sachs Group lifted their price objective on shares of Valero Energy from $286.00 to $357.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Mizuho boosted their target price on shares of Valero Energy from $289.00 to $300.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group set a $350.00 target price on shares of Valero Energy in a research report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $288.00.
Valero Energy Stock Down 0.1%
Shares of NYSE VLO opened at $341.36 on Monday. Valero Energy Corporation has a one year low of $135.01 and a one year high of $346.09. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.64 and a quick ratio of 1.23. The business’s fifty day moving average price is $283.92 and its 200-day moving average price is $248.42. The stock has a market capitalization of $98.29 billion, a PE ratio of 14.16, a P/E/G ratio of 0.23 and a beta of 0.55.
Valero Energy (NYSE:VLO – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share for the quarter, topping the consensus estimate of $10.11 by $2.43. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%.The company had revenue of $44.48 billion during the quarter, compared to the consensus estimate of $39.47 billion. During the same quarter in the prior year, the company earned $2.28 EPS. The firm’s quarterly revenue was up 48.8% compared to the same quarter last year. On average, equities research analysts anticipate that Valero Energy Corporation will post 40.62 EPS for the current year.
Valero Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, July 31st will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, July 31st. Valero Energy’s dividend payout ratio (DPR) is currently 19.92%.
Insiders Place Their Bets
In other news, SVP Eric A. Fisher sold 7,500 shares of Valero Energy stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $268.17, for a total value of $2,011,275.00. Following the completion of the transaction, the senior vice president owned 19,742 shares in the company, valued at $5,294,212.14. This trade represents a 27.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.36% of the stock is owned by corporate insiders.
Valero Energy Company Profile
Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.
In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.
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