Private Wealth Advisors Inc. lessened its stake in Valero Energy Co. (NYSE:VLO) by 12.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,088 shares of the oil and gas company’s stock after selling 1,868 shares during the quarter. Private Wealth Advisors Inc.’s holdings in Valero Energy were worth $1,120,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in VLO. Thoroughbred Financial Services LLC increased its stake in Valero Energy by 8,873.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,347,276 shares of the oil and gas company’s stock valued at $134,728,000 after buying an additional 1,332,262 shares during the period. Janus Henderson Group PLC increased its stake in shares of Valero Energy by 29.3% during the 2nd quarter. Janus Henderson Group PLC now owns 2,495,692 shares of the oil and gas company’s stock worth $213,658,000 after purchasing an additional 564,854 shares during the last quarter. Carillon Tower Advisers Inc. acquired a new position in shares of Valero Energy during the 1st quarter worth $40,981,000. DekaBank Deutsche Girozentrale increased its stake in shares of Valero Energy by 169.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 632,848 shares of the oil and gas company’s stock worth $53,312,000 after purchasing an additional 398,267 shares during the last quarter. Finally, Impala Asset Management LLC acquired a new position in shares of Valero Energy during the 1st quarter worth $31,956,000. Hedge funds and other institutional investors own 78.80% of the company’s stock.
NYSE:VLO traded down $1.96 during midday trading on Tuesday, reaching $71.75. The stock had a trading volume of 212,392 shares, compared to its average volume of 3,270,933. Valero Energy Co. has a 1-year low of $68.81 and a 1-year high of $122.42. The firm’s fifty day simple moving average is $80.90 and its 200-day simple moving average is $82.51. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.42 and a quick ratio of 0.92. The stock has a market capitalization of $30.69 billion, a P/E ratio of 9.73, a PEG ratio of 1.78 and a beta of 1.48.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 6th will be paid a $0.90 dividend. The ex-dividend date is Monday, August 5th. This represents a $3.60 dividend on an annualized basis and a yield of 5.02%. Valero Energy’s payout ratio is presently 48.85%.
Several research analysts have recently commented on the stock. Royal Bank of Canada set a $98.00 price target on shares of Valero Energy and gave the stock a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. upgraded shares of Valero Energy from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $102.00 to $105.00 in a research note on Tuesday, May 14th. ValuEngine lowered shares of Valero Energy from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Goldman Sachs Group upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $96.00 to $92.00 in a research note on Thursday, June 6th. Finally, Wells Fargo & Co set a $107.00 price target on shares of Valero Energy and gave the stock a “buy” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $105.47.
About Valero Energy
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.
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