Allworth Financial LP Sells 10,171 Shares of Valero Energy Corporation $VLO

Key Points

• Allworth Financial reduced its Valero Energy position by 37.4% in the second quarter, selling 10,171 shares and retaining 16,993 shares valued at approximately $4.43 million. Institutional investors collectively own 78.69% of VLO.
• Valero reported strong quarterly results, with earnings per share of $12.54 exceeding estimates of $10.11 and revenue of $44.48 billion surpassing forecasts. Revenue increased 48.8% year over year, while the company maintained a quarterly dividend of $1.20 per share.
• Shares traded near a 12-month high at $388.99, supported by analyst upgrades and higher price targets; UBS upgraded Valero to “Buy” with a $450 target. Despite the positive outlook, the analyst consensus remains “Moderate Buy,” with an average price target of $301.76.

Allworth Financial LP lessened its position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 37.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

A number of other large investors have also added to or reduced their stakes in VLO. Sierra Summit Advisors LLC raised its holdings in Valero Energy by 2,325.2% during the 4th quarter. Sierra Summit Advisors LLC now owns 36,378 shares of the oil and gas company's stock valued at $5,922,000 after buying an additional 34,878 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Valero Energy by 846.9% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,752 shares of the oil and gas company's stock worth $2,401,000 after buying an additional 13,194 shares during the period. North Dakota State Investment Board purchased a new position in Valero Energy during the fourth quarter worth $1,743,000. Fort Washington Investment Advisors Inc. OH increased its position in Valero Energy by 4.2% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 192,430 shares of the oil and gas company's stock valued at $47,546,000 after acquiring an additional 7,702 shares during the last quarter. Finally, Dymon Asia Capital Singapore PTE. LTD. bought a new position in Valero Energy during the fourth quarter valued at $2,268,000. Institutional investors own 78.69% of the company's stock.

Valero Energy Trading Up 1.6%

NYSE VLO opened at $388.99 on Thursday. The stock has a market cap of $112.00 billion, a PE ratio of 16.14, a PEG ratio of 0.43 and a beta of 0.57. Valero Energy Corporation has a 12 month low of $153.60 and a 12 month high of $389.18. The company's 50-day moving average price is $322.19 and its 200-day moving average price is $269.17. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 0.37.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share for the quarter, beating analysts' consensus estimates of $10.11 by $2.43. The company had revenue of $44.48 billion during the quarter, compared to analyst estimates of $39.47 billion. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The firm's revenue for the quarter was up 48.8% on a year-over-year basis. During the same quarter last year, the business posted $2.28 EPS. Equities research analysts forecast that Valero Energy Corporation will post 41.15 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, July 31st were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, July 31st. Valero Energy's payout ratio is currently 19.92%.

Key Stories Impacting Valero Energy

Here are the key news stories impacting Valero Energy this week:

• Positive Sentiment: UBS raised its price target on Valero from $355 to $450 and upgraded the shares to “Buy.” The new target suggests additional upside from recent trading levels, providing a fresh catalyst for the stock. UBS raises Valero price target and upgrades shares
• Positive Sentiment: Valero was included in Zacks’ Rank #1 (Strong Buy) growth-stock list for September 9, alongside BP and Monday.com. The ranking may increase attention from momentum- and growth-focused investors. Best Growth Stocks to Buy for September 9
• Positive Sentiment: Energy stocks gained amid heightened U.S.-Iran tensions, which can raise expectations for tighter crude markets and support refining-sector sentiment. Valero was also highlighted as a low-beta candidate, potentially appealing to investors seeking lower volatility. Premarket movers: Energy stocks rise on Iran tensions

Analysts Set New Price Targets

VLO has been the subject of several analyst reports. The Goldman Sachs Group raised their target price on shares of Valero Energy from $286.00 to $357.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Raymond James Financial upped their price target on shares of Valero Energy from $300.00 to $340.00 and gave the company a "strong-buy" rating in a report on Monday, July 13th. Wells Fargo & Company increased their price objective on shares of Valero Energy from $356.00 to $389.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 1st. Jefferies Financial Group set a $350.00 price objective on shares of Valero Energy in a research note on Monday, August 3rd. Finally, TD Cowen boosted their target price on Valero Energy from $338.00 to $350.00 and gave the company a "hold" rating in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $301.76.

Insider Activity

In related news, SVP Eric Fisher sold 7,500 shares of the business's stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $268.17, for a total value of $2,011,275.00. Following the completion of the sale, the senior vice president owned 19,742 shares in the company, valued at approximately $5,294,212.14. The trade was 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 the SEC website. Insiders own 0.36% of the company's stock.

Valero Energy Company Profile

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. Its primary business is refining crude oil into transportation fuels and other products, including gasoline, diesel, jet fuel, asphalt, lubricants and petrochemical feedstocks.

Valero operates refineries and related facilities in the United States, Canada and the United Kingdom, and markets its products through wholesale and commercial channels in North America and other international markets.

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