Valero Energy Corporation $VLO Shares Sold by CreativeOne Wealth LLC

Key Points

• CreativeOne Wealth LLC reduced its holdings in Valero Energy Corporation by 52.8%, selling 6,318 shares and retaining 5,646 shares worth approximately $746,000.
• Multiple institutional investors, including Vanguard Group and Price T Rowe Associates, increased their positions in Valero Energy, indicating strong interest, with 78.69% of the stock owned by institutional investors.
• Valero Energy reported quarterly earnings of $2.28 EPS, surpassing expectations, and announced a quarterly dividend of $1.13 per share with an annual yield of 3.0%.

CreativeOne Wealth LLC lessened its stake in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 52.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,646 shares of the oil and gas company's stock after selling 6,318 shares during the quarter. CreativeOne Wealth LLC's holdings in Valero Energy were worth $746,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of VLO. Wayfinding Financial LLC acquired a new position in Valero Energy in the 1st quarter valued at $26,000. Hazlett Burt & Watson Inc. grew its stake in Valero Energy by 156.6% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company's stock valued at $28,000 after acquiring an additional 130 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in Valero Energy in the 4th quarter valued at about $29,000. Iron Horse Wealth Management LLC acquired a new position in shares of Valero Energy in the first quarter valued at approximately $44,000. Finally, Hemington Wealth Management lifted its stake in shares of Valero Energy by 39.9% during the first quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company's stock valued at $43,000 after buying an additional 95 shares during the period. Hedge funds and other institutional investors own 78.69% of the company's stock.

Valero Energy Trading Up 0.7%

VLO traded up $1.09 on Wednesday, reaching $155.37. 3,069,556 shares of the company's stock were exchanged, compared to its average volume of 3,238,595. The company's 50 day moving average is $142.24 and its 200-day moving average is $131.67. The company has a market cap of $48.26 billion, a price-to-earnings ratio of 64.74, a PEG ratio of 3.55 and a beta of 1.10. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $159.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62.

Valero Energy (NYSE:VLO - Get Free Report) last posted its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $27 billion. During the same quarter in the prior year, the company earned $2.71 EPS. The company's revenue was down 13.3% on a year-over-year basis. Equities analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were given a $1.13 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $4.52 annualized dividend and a yield of 2.9%. Valero Energy's dividend payout ratio (DPR) is 188.33%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Evercore ISI assumed coverage on shares of Valero Energy in a research note on Wednesday, June 18th. They set an "in-line" rating and a $135.00 price objective on the stock. Raymond James Financial increased their price objective on shares of Valero Energy from $155.00 to $172.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 15th. Wells Fargo & Company increased their price objective on shares of Valero Energy from $151.00 to $168.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Bank of America upgraded shares of Valero Energy from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $152.00 to $179.00 in a report on Wednesday. Finally, Mizuho increased their price objective on shares of Valero Energy from $158.00 to $166.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $156.40.

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.