Consolidated Planning Corp Makes New $339,000 Investment in Valero Energy Corporation $VLO

Key Points

• Consolidated Planning Corp made a new investment in Valero Energy Corporation, acquiring 2,525 shares valued at approximately $339,000.
• Valero Energy's stock has declined by 1.9%, with the current price at $164.57, while the company recently reported earnings exceeding estimates with $2.28 EPS.
• Valero Energy declared a quarterly dividend of $1.13 per share, reflecting an annual yield of 2.7% and a high payout ratio of 188.33%.

Consolidated Planning Corp acquired a new position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,525 shares of the oil and gas company's stock, valued at approximately $339,000.

Other large investors have also recently modified their holdings of the company. Kestra Private Wealth Services LLC boosted its holdings in shares of Valero Energy by 18.5% during the 1st quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company's stock valued at $2,959,000 after acquiring an additional 3,503 shares in the last quarter. Hancock Whitney Corp lifted its holdings in Valero Energy by 8.9% during the 1st quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company's stock worth $6,138,000 after buying an additional 3,790 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Valero Energy during the 1st quarter worth about $766,000. FORA Capital LLC acquired a new position in Valero Energy during the 1st quarter worth about $866,000. Finally, Dynamic Advisor Solutions LLC acquired a new position in Valero Energy during the 1st quarter worth about $462,000. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Stock Down 1.9%

VLO stock opened at $164.57 on Friday. The stock's 50 day simple moving average is $150.88 and its 200 day simple moving average is $136.73. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $178.43. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. The company has a market cap of $51.12 billion, a P/E ratio of 68.57, a price-to-earnings-growth ratio of 1.77 and a beta of 1.05.

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

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, July 31st. Valero Energy's payout ratio is currently 188.33%.

Analyst Ratings Changes

Several research analysts have commented on the company. Wolfe Research downgraded Valero Energy from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Citigroup downgraded Valero Energy from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $134.00 to $150.00 in a research note on Wednesday, July 16th. Bank of America raised Valero Energy from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Wells Fargo & Company boosted their price objective on Valero Energy from $151.00 to $168.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Finally, Evercore ISI boosted their price objective on Valero Energy from $135.00 to $185.00 and gave the company an "in-line" rating in a research note on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Valero Energy has a consensus rating of "Moderate Buy" and a consensus price target of $165.00.

Valero Energy 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.