Allworth Financial LP lessened its holdings in Valero Energy Corporation (NYSE:VLO - Free Report) by 37.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,993 shares of the oil and gas company's stock after selling 10,171 shares during the quarter. Allworth Financial LP's holdings in Valero Energy were worth $4,426,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also bought and sold shares of the company. Whipplewood Advisors LLC increased its holdings in Valero Energy by 3,400.0% during the 1st quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company's stock valued at $26,000 after purchasing an additional 102 shares during the period. JPL Wealth Management LLC purchased a new stake in Valero Energy in the 3rd quarter worth approximately $27,000. Financial Life Planners purchased a new stake in Valero Energy in the 1st quarter worth approximately $28,000. Valued Wealth Advisors LLC grew its position in shares of Valero Energy by 134.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company's stock worth $29,000 after buying an additional 67 shares during the last quarter. Finally, Torren Management LLC bought a new stake in shares of Valero Energy in the 4th quarter worth approximately $30,000. 78.69% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Valero Energy
In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the firm's stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the completion of the transaction, the senior vice president owned 19,742 shares of the company's stock, valued at approximately $5,294,212.14. This trade represents a 27.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.36% of the company's stock.
Valero Energy Price Performance
VLO opened at $341.30 on Friday. The stock has a fifty day simple moving average of $291.11 and a two-hundred day simple moving average of $253.02. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 0.37. The company has a market cap of $98.27 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 0.23 and a beta of 0.55. Valero Energy Corporation has a 12-month low of $137.88 and a 12-month high of $352.70.
Valero Energy (NYSE:VLO - Get Free Report) last released its earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share for the quarter, topping analysts' consensus estimates of $10.11 by $2.43. The firm had revenue of $44.48 billion for the quarter, compared to the consensus estimate of $39.47 billion. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The company's revenue was up 48.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.28 EPS. Research analysts predict that Valero Energy Corporation will post 40.62 earnings per share for the current fiscal year.
Valero Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, July 31st will be issued a $1.20 dividend. 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 is 19.92%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on VLO shares. Zacks Research upgraded Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. Weiss Ratings raised shares of Valero Energy from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, August 6th. Mizuho upped their price objective on shares of Valero Energy from $289.00 to $300.00 and gave the stock a "neutral" rating in a report on Tuesday, August 4th. Morgan Stanley upped their price objective on shares of Valero Energy from $232.00 to $255.00 and gave the stock an "equal weight" rating in a report on Friday, June 12th. Finally, Wells Fargo & Company raised their target price on shares of Valero Energy from $292.00 to $356.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $288.00.
Check Out Our Latest Stock Report on Valero Energy
About Valero Energy
(
Free Report)
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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