Mizuho Securities USA LLC Sells 4,656 Shares of Valero Energy Corporation (NYSE:VLO)

Key Points

• Mizuho Securities USA LLC has reduced its holdings in Valero Energy Corporation by 15.5%, selling 4,656 shares and bringing their total stock ownership to 25,349 shares valued at approximately $3.35 million.
• Several institutional investors have made notable changes to their positions in Valero Energy, with Kestra Private Wealth Services LLC increasing their stake by 18.5% in the first quarter.
• Valero Energy recently reported earnings per share of $2.28 for the latest quarter, surpassing estimates and indicating stronger revenue performance, despite a decline in year-over-year earnings.

Mizuho Securities USA LLC reduced its position in Valero Energy Corporation (NYSE:VLO - Free Report) by 15.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,349 shares of the oil and gas company's stock after selling 4,656 shares during the period. Mizuho Securities USA LLC's holdings in Valero Energy were worth $3,348,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Kestra Private Wealth Services LLC boosted its holdings in shares of Valero Energy by 18.5% in 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 buying an additional 3,503 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in Valero Energy in the 1st quarter worth approximately $766,000. Sendero Wealth Management LLC boosted its stake in Valero Energy by 11.0% in the 1st quarter. Sendero Wealth Management LLC now owns 20,198 shares of the oil and gas company's stock worth $2,668,000 after purchasing an additional 2,000 shares in the last quarter. AlTi Global Inc. boosted its stake in Valero Energy by 18.2% in the 4th quarter. AlTi Global Inc. now owns 64,793 shares of the oil and gas company's stock worth $8,585,000 after purchasing an additional 9,963 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC boosted its stake in Valero Energy by 130.0% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 7,884 shares of the oil and gas company's stock worth $967,000 after purchasing an additional 4,456 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on VLO. Wells Fargo & Company lifted their target price on shares of Valero Energy from $151.00 to $168.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Wolfe Research cut shares of Valero Energy from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Mizuho lifted their target price on shares of Valero Energy from $158.00 to $166.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. UBS Group lifted their target price on shares of Valero Energy from $164.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, Piper Sandler lifted their target price on shares of Valero Energy from $159.00 to $168.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $154.47.

Valero Energy Price Performance

NYSE:VLO opened at $133.23 on Monday. 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 firm has a market cap of $41.39 billion, a price-to-earnings ratio of 55.51, a price-to-earnings-growth ratio of 3.12 and a beta of 1.03. The company has a 50 day moving average price of $139.15 and a 200-day moving average price of $130.88. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $155.12.

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 for the quarter, beating the consensus estimate of $1.66 by $0.62. The firm had revenue of $29.89 billion during the quarter, compared to analyst estimates of $27 billion. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The business's quarterly revenue was down 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.71 EPS. Equities research analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, July 31st. Valero Energy's payout ratio is presently 188.33%.

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.

Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Corporation (NYSE:VLO - Free Report).

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.