Sather Financial Group Inc Buys 2,200 Shares of Valero Energy Corporation $VLO

Key Points

• Sather Financial Group Inc increased its stake in Valero Energy Corporation by 68.9%, acquiring an additional 2,200 shares during the 2nd quarter, bringing its total holdings to 5,394 shares valued at approximately $725,000.
• Valero Energy reported a quarterly earnings per share (EPS) of $2.28, exceeding analyst expectations of $1.66, although its revenue decreased by 13.3% year-over-year to $29.89 billion.
• The company announced a quarterly dividend of $1.13, yielding 2.9%, with a notably high dividend payout ratio of 188.33%.

Sather Financial Group Inc raised its stake in Valero Energy Corporation (NYSE:VLO - Free Report) by 68.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,394 shares of the oil and gas company's stock after acquiring an additional 2,200 shares during the quarter. Sather Financial Group Inc's holdings in Valero Energy were worth $725,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Apollon Wealth Management LLC raised its holdings in Valero Energy by 34.9% in the 2nd quarter. Apollon Wealth Management LLC now owns 10,937 shares of the oil and gas company's stock valued at $1,470,000 after acquiring an additional 2,831 shares during the period. Fifth Third Wealth Advisors LLC raised its holdings in Valero Energy by 1.4% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 12,524 shares of the oil and gas company's stock valued at $1,683,000 after acquiring an additional 167 shares during the period. Richardson Financial Services Inc. raised its holdings in Valero Energy by 66.1% in the 2nd quarter. Richardson Financial Services Inc. now owns 465 shares of the oil and gas company's stock valued at $64,000 after acquiring an additional 185 shares during the period. U S Global Investors Inc. bought a new position in Valero Energy in the 2nd quarter valued at about $134,000. Finally, Trust Co. of Toledo NA OH raised its holdings in Valero Energy by 4.8% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 1,800 shares of the oil and gas company's stock valued at $242,000 after acquiring an additional 82 shares during the period. 78.69% of the stock is owned by institutional investors.

Valero Energy Stock Performance

NYSE VLO opened at $158.19 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $49.14 billion, a price-to-earnings ratio of 65.91, a P/E/G ratio of 1.69 and a beta of 1.05. The firm's 50 day simple moving average is $153.45 and its 200 day simple moving average is $137.94. 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 posted its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.62. The business had revenue of $29.89 billion for 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 firm's revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter last year, the business posted $2.71 EPS. As a group, research analysts expect that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently announced 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 was Thursday, July 31st. This represents a $4.52 dividend on an annualized basis and a yield of 2.9%. Valero Energy's dividend payout ratio (DPR) is currently 188.33%.

Analysts Set New Price Targets

A number of brokerages have issued reports on VLO. Barclays increased their target price on shares of Valero Energy from $151.00 to $169.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 7th. UBS Group raised their target price on shares of Valero Energy from $165.00 to $183.00 and gave the stock a "buy" rating in a report on Monday, September 22nd. Mizuho raised their target price on shares of Valero Energy from $166.00 to $190.00 and gave the stock an "outperform" rating in a report on Monday, September 15th. Wells Fargo & Company raised their target price 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. Finally, Morgan Stanley cut shares of Valero Energy from an "overweight" rating to an "equal weight" rating and raised their target price for the stock from $160.00 to $175.00 in a report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $169.80.

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.

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