Proffitt & Goodson Inc. Has $527,000 Stock Holdings in Valero Energy Corporation $VLO

Proffitt & Goodson Inc. lessened its holdings in Valero Energy Corporation (NYSE:VLO) by 3.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,917 shares of the oil and gas company’s stock after selling 145 shares during the quarter. Proffitt & Goodson Inc.’s holdings in Valero Energy were worth $527,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of VLO. Wayfinding Financial LLC acquired a new stake in shares of Valero Energy in the 1st quarter valued at $26,000. Hoey Investments Inc. bought a new position in shares of Valero Energy in the 2nd quarter valued at $26,000. Hazlett Burt & Watson Inc. lifted its stake in shares of Valero Energy by 156.6% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 130 shares during the last quarter. Hemington Wealth Management lifted its stake in shares of Valero Energy by 39.9% in the 1st quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 95 shares during the last quarter. Finally, Ransom Advisory Ltd bought a new position in shares of Valero Energy in the 1st quarter valued at $43,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Down 0.2%

Shares of NYSE:VLO opened at $163.13 on Wednesday. The firm 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. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $178.43. The business has a fifty day simple moving average of $151.99 and a 200 day simple moving average of $137.36.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.62. The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.Valero Energy’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same period last year, the company earned $2.71 EPS. Analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Thursday, July 31st. Valero Energy’s dividend payout ratio (DPR) is presently 188.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VLO. Barclays increased their price target on Valero Energy from $151.00 to $169.00 and gave the company an “overweight” rating in a research note on Tuesday. Citigroup cut Valero Energy from a “buy” rating to a “neutral” rating and increased their price target for the company from $134.00 to $150.00 in a research note on Wednesday, July 16th. TD Cowen cut Valero Energy from a “buy” rating to a “hold” rating and increased their price target for the company from $118.00 to $140.00 in a research note on Tuesday, July 22nd. Mizuho increased their price target on Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Finally, Evercore ISI increased their price target on Valero Energy from $135.00 to $185.00 and gave the company an “in-line” rating in a research note on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.