Valero Energy Corporation (NYSE:VLO) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lessened its holdings in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 60.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,870 shares of the oil and gas company's stock after selling 7,576 shares during the quarter. Exchange Traded Concepts LLC's holdings in Valero Energy were worth $643,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VLO. Atria Wealth Solutions Inc. boosted its stake in Valero Energy by 3.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 25,034 shares of the oil and gas company's stock worth $3,069,000 after purchasing an additional 749 shares during the last quarter. Global Retirement Partners LLC boosted its position in shares of Valero Energy by 12.8% during the 4th quarter. Global Retirement Partners LLC now owns 5,697 shares of the oil and gas company's stock valued at $698,000 after acquiring an additional 645 shares during the last quarter. Ieq Capital LLC boosted its position in shares of Valero Energy by 76.2% during the 4th quarter. Ieq Capital LLC now owns 27,988 shares of the oil and gas company's stock valued at $3,431,000 after acquiring an additional 12,106 shares during the last quarter. Parcion Private Wealth LLC acquired a new position in shares of Valero Energy during the 4th quarter valued at about $208,000. Finally, WP Advisors LLC boosted its position in shares of Valero Energy by 3.4% during the 4th quarter. WP Advisors LLC now owns 35,524 shares of the oil and gas company's stock valued at $4,355,000 after acquiring an additional 1,184 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Stock Up 1.2%

VLO stock opened at $141.16 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $167.78. The company's 50 day moving average is $125.11 and its two-hundred day moving average is $127.60. The stock has a market cap of $44.21 billion, a P/E ratio of 49.88, a PEG ratio of 2.43 and a beta of 0.99.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). Valero Energy had a return on equity of 6.30% and a net margin of 0.72%. The company had revenue of $28.76 billion for the quarter, compared to analyst estimates of $28.54 billion. During the same period in the previous year, the business posted $3.82 EPS. The firm's revenue for the quarter was down 4.7% compared to the same quarter last year. 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 disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Tuesday, May 20th were issued a dividend of $1.13 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $4.52 dividend on an annualized basis and a yield of 3.20%. Valero Energy's payout ratio is currently 159.72%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on VLO shares. Scotiabank reduced their price objective on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Evercore ISI started coverage on shares of Valero Energy in a report on Wednesday. They issued an "in-line" rating and a $135.00 price objective on the stock. Raymond James Financial reduced their price objective on shares of Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. Barclays boosted their price objective on shares of Valero Energy from $140.00 to $141.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Finally, TD Cowen reduced their price objective on shares of Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Valero Energy currently has a consensus rating of "Moderate Buy" and an average price target of $150.88.

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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