Prime Capital Investment Advisors LLC Has $1.66 Million Stock Holdings in Valero Energy Corporation $VLO

Prime Capital Investment Advisors LLC cut its stake in Valero Energy Corporation (NYSE:VLO) by 9.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,312 shares of the oil and gas company’s stock after selling 1,257 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Valero Energy were worth $1,655,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of VLO. Wayfinding Financial LLC acquired a new position in shares of Valero Energy in the first quarter worth $26,000. Hoey Investments Inc. acquired a new position in shares of Valero Energy in the second quarter worth $26,000. Hazlett Burt & Watson Inc. increased its stake in shares of Valero Energy by 156.6% in the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 130 shares during the last quarter. Hemington Wealth Management boosted its holdings in Valero Energy by 39.9% in the first quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 95 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new stake in Valero Energy in the first quarter worth $43,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Stock Down 0.5%

NYSE VLO opened at $162.41 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. The firm has a 50-day simple moving average of $152.45 and a 200 day simple moving average of $137.53. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43. The stock has a market cap of $50.45 billion, a PE ratio of 67.67, a PEG ratio of 1.74 and a beta of 1.05.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.62. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The business had revenue of $29.89 billion during the quarter, compared to analysts’ expectations of $27 billion. During the same quarter last year, the company earned $2.71 earnings per share. The firm’s revenue was down 13.3% on a year-over-year basis. On average, research analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st were paid a $1.13 dividend. 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 dividend payout ratio (DPR) is presently 188.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Valero Energy in a report on Wednesday. Piper Sandler upped their price objective 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. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $152.00 to $179.00 in a report on Wednesday, September 3rd. UBS Group upped their price objective on shares of Valero Energy from $165.00 to $183.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Finally, Wolfe Research cut shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $168.07.

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.