Valero Energy Corporation (NYSE:VLO) Shares Sold by Concord Wealth Partners

Concord Wealth Partners cut its stake in Valero Energy Corporation (NYSE:VLO - Free Report) by 90.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 391 shares of the oil and gas company's stock after selling 3,713 shares during the quarter. Concord Wealth Partners' holdings in Valero Energy were worth $52,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in VLO. World Investment Advisors raised its holdings in shares of Valero Energy by 1.8% in the fourth quarter. World Investment Advisors now owns 4,323 shares of the oil and gas company's stock worth $530,000 after buying an additional 78 shares during the last quarter. Providence Wealth Advisors LLC grew its holdings in Valero Energy by 1.1% during the fourth quarter. Providence Wealth Advisors LLC now owns 8,878 shares of the oil and gas company's stock worth $1,086,000 after acquiring an additional 94 shares during the period. Field & Main Bank increased its holdings in shares of Valero Energy by 1.2% during the 1st quarter. Field & Main Bank now owns 7,982 shares of the oil and gas company's stock valued at $1,054,000 after purchasing an additional 97 shares in the last quarter. Heritage Wealth Management Inc. increased its holdings in Valero Energy by 0.5% in the first quarter. Heritage Wealth Management Inc. now owns 19,349 shares of the oil and gas company's stock valued at $2,555,000 after buying an additional 97 shares in the last quarter. Finally, KCM Investment Advisors LLC raised its holdings in Valero Energy by 1.8% in the 4th quarter. KCM Investment Advisors LLC now owns 5,497 shares of the oil and gas company's stock worth $674,000 after purchasing an additional 99 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VLO has been the subject of a number of research analyst reports. Citigroup cut shares of Valero Energy from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $134.00 to $150.00 in a research report on Wednesday. Barclays boosted their price target on shares of Valero Energy from $140.00 to $141.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Piper Sandler increased their price target on Valero Energy from $142.00 to $160.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Evercore ISI initiated coverage on shares of Valero Energy in a research report on Wednesday, June 18th. They set an "in-line" rating and a $135.00 price objective for the company. Finally, Wells Fargo & Company raised their target price on Valero Energy from $151.00 to $168.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $153.94.

Valero Energy Stock Up 1.0%

Shares of Valero Energy stock traded up $1.49 during trading hours on Friday, hitting $146.16. The company had a trading volume of 3,417,770 shares, compared to its average volume of 3,090,511. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.56 and a quick ratio of 1.09. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $167.78. The company has a market cap of $45.78 billion, a P/E ratio of 51.65, a price-to-earnings-growth ratio of 2.37 and a beta of 1.00. The company's 50-day moving average is $136.19 and its two-hundred day moving average is $129.92.

Valero Energy (NYSE:VLO - Get Free Report) last announced its earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). The business had revenue of $28.76 billion for the quarter, compared to analysts' expectations of $28.54 billion. Valero Energy had a return on equity of 6.30% and a net margin of 0.72%. The business's revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business posted $3.82 earnings per share. Analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Thursday, July 31st will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend is Thursday, July 31st. Valero Energy's payout ratio is currently 159.72%.

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.