Valero Energy Corporation (NYSE:VLO) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lowered its stake in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 31.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 5,720 shares of the oil and gas company's stock after selling 2,572 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Valero Energy were worth $755,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue boosted its holdings in shares of Valero Energy by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 37,099 shares of the oil and gas company's stock worth $4,899,000 after purchasing an additional 1,005 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in Valero Energy in the first quarter valued at approximately $213,000. Kingswood Wealth Advisors LLC lifted its stake in Valero Energy by 78.9% during the first quarter. Kingswood Wealth Advisors LLC now owns 11,363 shares of the oil and gas company's stock worth $1,517,000 after purchasing an additional 5,012 shares in the last quarter. Roman Butler Fullerton & Co. lifted its stake in Valero Energy by 1.3% during the first quarter. Roman Butler Fullerton & Co. now owns 8,591 shares of the oil and gas company's stock worth $1,135,000 after purchasing an additional 107 shares in the last quarter. Finally, Shepherd Financial Partners LLC lifted its stake in Valero Energy by 4.3% during the first quarter. Shepherd Financial Partners LLC now owns 29,912 shares of the oil and gas company's stock worth $3,951,000 after purchasing an additional 1,246 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on VLO shares. Barclays increased their price objective on Valero Energy from $140.00 to $141.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Morgan Stanley dropped their price objective on Valero Energy from $160.00 to $145.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Scotiabank dropped their price objective on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Piper Sandler decreased their target price on shares of Valero Energy from $144.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Finally, Evercore ISI began coverage on shares of Valero Energy in a research report on Wednesday, June 18th. They issued an "in-line" rating and a $135.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $150.88.

Valero Energy Price Performance

Shares of Valero Energy stock opened at $135.72 on Thursday. 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 fifty-two week low of $99.00 and a fifty-two week high of $167.78. The firm has a fifty day moving average price of $126.78 and a two-hundred day moving average price of $127.67. The company has a market cap of $42.51 billion, a PE ratio of 47.96, a price-to-earnings-growth ratio of 2.37 and a beta of 0.99.

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 firm had revenue of $28.76 billion for the quarter, compared to analyst estimates of $28.54 billion. Valero Energy had a return on equity of 6.30% and a net margin of 0.72%. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $3.82 EPS. Analysts expect that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Tuesday, May 20th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.33%. The ex-dividend date was Tuesday, May 20th. Valero Energy's payout ratio is presently 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.

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