Callan Family Office LLC Buys New Shares in Valero Energy Corporation $VLO

Key Points

• The Callan Family Office LLC acquired 3,701 shares of Valero Energy Corporation, valued at approximately $497,000, during the second quarter.
• Valero Energy reported a quarterly earnings per share (EPS) of $2.28, significantly exceeding analysts' expectations of $1.66, despite a year-over-year revenue decline of 13.3%.
• The company recently announced a quarterly dividend of $1.13, resulting in an annualized dividend yield of 2.8% and a payout ratio of 188.33%.

Callan Family Office LLC bought a new stake in shares of Valero Energy Corporation (NYSE:VLO - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 3,701 shares of the oil and gas company's stock, valued at approximately $497,000.

A number of other institutional investors also recently modified their holdings of VLO. Wayfinding Financial LLC acquired a new position in Valero Energy during the first quarter worth $26,000. Hoey Investments Inc. acquired a new position in Valero Energy during the second quarter worth $26,000. GFG Capital LLC acquired a new position in Valero Energy during the second quarter worth $27,000. Hazlett Burt & Watson Inc. raised its holdings in Valero Energy by 156.6% during the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company's stock worth $28,000 after buying an additional 130 shares during the last quarter. Finally, Hemington Wealth Management raised its holdings in Valero Energy by 39.9% during the first quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company's stock worth $43,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Trading Up 0.5%

Shares of VLO opened at $162.19 on Wednesday. The firm's 50 day simple moving average is $154.47 and its 200 day simple moving average is $138.35. The company has a market capitalization of $50.38 billion, a P/E ratio of 67.58, a P/E/G ratio of 1.66 and a beta of 1.05. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $178.43.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.62. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The business had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $27 billion. During the same period last year, the business earned $2.71 earnings per share. The business's quarterly revenue was down 13.3% on a year-over-year basis. Sell-side analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, July 31st were issued a $1.13 dividend. The ex-dividend date was Thursday, July 31st. This represents a $4.52 annualized dividend and a dividend yield of 2.8%. Valero Energy's dividend payout ratio (DPR) is currently 188.33%.

Analyst Ratings Changes

Several research analysts have weighed in on VLO shares. Wolfe Research downgraded shares of Valero Energy from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Citigroup downgraded shares of Valero Energy from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $134.00 to $150.00 in a report on Wednesday, July 16th. Wells Fargo & Company increased their price target on shares of Valero Energy from $151.00 to $168.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Raymond James Financial upped their price objective on shares of Valero Energy from $170.00 to $177.00 and gave the company a "strong-buy" rating in a report on Tuesday, September 9th. Finally, Mizuho upped their price objective on shares of Valero Energy from $166.00 to $190.00 and gave the company an "outperform" rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $169.80.

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.

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