Valero Energy Corporation $VLO Stock Holdings Boosted by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC raised its position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 183.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,193 shares of the oil and gas company's stock after purchasing an additional 4,655 shares during the quarter. Valeo Financial Advisors LLC's holdings in Valero Energy were worth $967,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Knights of Columbus Asset Advisors LLC boosted its stake in Valero Energy by 3.5% during the second quarter. Knights of Columbus Asset Advisors LLC now owns 25,263 shares of the oil and gas company's stock valued at $3,396,000 after buying an additional 845 shares in the last quarter. Simplicity Wealth LLC boosted its position in shares of Valero Energy by 126.4% during the 2nd quarter. Simplicity Wealth LLC now owns 6,477 shares of the oil and gas company's stock valued at $871,000 after purchasing an additional 3,616 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Valero Energy by 9.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 4,171 shares of the oil and gas company's stock valued at $561,000 after purchasing an additional 371 shares in the last quarter. Accel Wealth Management boosted its holdings in Valero Energy by 14.8% during the second quarter. Accel Wealth Management now owns 2,660 shares of the oil and gas company's stock worth $358,000 after buying an additional 343 shares in the last quarter. Finally, Tilia Fiduciary Partners Inc. boosted its holdings in Valero Energy by 6.3% during the second quarter. Tilia Fiduciary Partners Inc. now owns 17,756 shares of the oil and gas company's stock worth $2,387,000 after buying an additional 1,049 shares in the last quarter. Institutional investors own 78.69% of the company's stock.

Valero Energy Stock Performance

VLO stock opened at $163.13 on Wednesday. The firm has a 50 day simple moving average of $151.99 and a 200 day simple moving average of $137.36. The stock has a market cap of $50.68 billion, a P/E ratio of 67.97, a P/E/G ratio of 1.73 and a beta of 1.05. Valero Energy Corporation has a 52 week low of $99.00 and a 52 week high of $178.43. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62.

Valero Energy (NYSE:VLO - Get Free Report) last issued its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.62. The company 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 company'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. Research analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, July 31st were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, July 31st. Valero Energy's payout ratio is currently 188.33%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VLO. Evercore ISI raised their target price on shares of Valero Energy from $135.00 to $185.00 and gave the stock an "in-line" rating in a report on Friday, September 19th. Bank of America upgraded shares of Valero Energy from a "neutral" rating to a "buy" rating and raised their target price for the stock from $152.00 to $179.00 in a report on Wednesday, September 3rd. Piper Sandler raised their target price on shares of Valero Energy from $171.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, September 11th. TD Cowen lowered shares of Valero Energy from a "buy" rating to a "hold" rating and raised their price objective for the stock from $118.00 to $140.00 in a research note on Tuesday, July 22nd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Valero Energy in a research note on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $168.07.

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.

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