Centennial Wealth Advisory LLC Invests $514,000 in Valero Energy Corporation $VLO

Key Points

• Centennial Wealth Advisory LLC invested $514,000 in Valero Energy Corporation, purchasing 3,826 shares, highlighting growing institutional interest in the company.
• Valero Energy's stock recently declined by 1.9% and has a market cap of $53.50 billion, with a price-to-earnings ratio of 71.76.
• The company declared a quarterly dividend of $1.13, resulting in an annualized yield of 2.6%, despite a high dividend payout ratio of 188.33%.

Centennial Wealth Advisory LLC purchased a new position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,826 shares of the oil and gas company's stock, valued at approximately $514,000.

Several other large investors also recently made changes to their positions in the stock. Venture Visionary Partners LLC boosted its holdings in shares of Valero Energy by 255.6% in the 2nd quarter. Venture Visionary Partners LLC now owns 5,423 shares of the oil and gas company's stock valued at $729,000 after buying an additional 3,898 shares during the last quarter. GC Wealth Management RIA LLC acquired a new stake in shares of Valero Energy in the 2nd quarter valued at approximately $339,000. Smith Salley Wealth Management boosted its holdings in shares of Valero Energy by 62.5% in the 2nd quarter. Smith Salley Wealth Management now owns 2,612 shares of the oil and gas company's stock valued at $351,000 after buying an additional 1,005 shares during the last quarter. Patton Albertson Miller Group LLC boosted its holdings in shares of Valero Energy by 1.8% in the 2nd quarter. Patton Albertson Miller Group LLC now owns 41,040 shares of the oil and gas company's stock valued at $5,517,000 after buying an additional 745 shares during the last quarter. Finally, Mustard Seed Financial LLC acquired a new stake in shares of Valero Energy in the 2nd quarter valued at approximately $202,000. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Stock Down 1.9%

VLO stock opened at $172.23 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. The stock has a market capitalization of $53.50 billion, a price-to-earnings ratio of 71.76, a PEG ratio of 1.85 and a beta of 1.10. The business's fifty day moving average price is $149.49 and its two-hundred day moving average price is $136.06. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week 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, topping analysts' consensus estimates of $1.66 by $0.62. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The company had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $27 billion. During the same quarter last year, the business earned $2.71 earnings per share. Valero Energy's revenue was down 13.3% on a year-over-year basis. On average, equities analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st were given a $1.13 dividend. The ex-dividend date was Thursday, July 31st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.6%. Valero Energy's dividend payout ratio (DPR) is presently 188.33%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VLO. Citigroup downgraded Valero Energy from a "buy" rating to a "neutral" rating and increased their price objective for the company from $134.00 to $150.00 in a report on Wednesday, July 16th. UBS Group increased their price objective on Valero Energy from $165.00 to $183.00 and gave the company a "buy" rating in a report on Monday, September 22nd. TD Cowen downgraded Valero Energy from a "buy" rating to a "hold" rating and raised their price target for the company from $118.00 to $140.00 in a report on Tuesday, July 22nd. Raymond James Financial raised their price target on Valero Energy from $170.00 to $177.00 and gave the company a "strong-buy" rating in a report on Tuesday, September 9th. Finally, Evercore ISI raised their price target on Valero Energy from $135.00 to $185.00 and gave the company an "in-line" rating in a report on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.00.

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.

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