CreativeOne Wealth LLC Increases Stock Position in Valero Energy Corporation $VLO

CreativeOne Wealth LLC boosted its holdings in Valero Energy Corporation (NYSE:VLO) by 10.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,234 shares of the oil and gas company’s stock after acquiring an additional 588 shares during the quarter. CreativeOne Wealth LLC’s holdings in Valero Energy were worth $838,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Hoey Investments Inc. purchased a new position in shares of Valero Energy in the second quarter worth $26,000. GFG Capital LLC bought a new stake in Valero Energy in the 2nd quarter worth about $27,000. Hantz Financial Services Inc. increased its holdings in Valero Energy by 1,277.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 248 shares of the oil and gas company’s stock worth $33,000 after buying an additional 230 shares in the last quarter. Ransom Advisory Ltd purchased a new position in Valero Energy in the 1st quarter worth about $43,000. Finally, Hemington Wealth Management lifted its stake in Valero Energy by 39.9% during 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 period. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Trading Up 0.3%

Shares of VLO stock opened at $174.59 on Friday. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $185.62. The firm has a fifty day moving average price of $169.70 and a 200-day moving average price of $151.01. The company has a market cap of $53.25 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 1.77 and a beta of 1.01. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.51. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The company had revenue of $32.17 billion for the quarter, compared to the consensus estimate of $28.80 billion. During the same period in the previous year, the business earned $1.14 earnings per share. Valero Energy’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, equities analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, November 20th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 20th. Valero Energy’s payout ratio is presently 94.36%.

Insider Activity

In related news, CFO Jason W. Fraser sold 9,933 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $174.02, for a total value of $1,728,540.66. Following the completion of the sale, the chief financial officer directly owned 134,196 shares of the company’s stock, valued at approximately $23,352,787.92. This represents a 6.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

VLO has been the subject of a number of research analyst reports. Barclays lifted their price target on shares of Valero Energy from $169.00 to $184.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. UBS Group restated a “buy” rating and issued a $183.00 target price on shares of Valero Energy in a report on Friday, October 24th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $195.00 target price (up previously from $181.00) on shares of Valero Energy in a research report on Friday, October 24th. Wall Street Zen cut Valero Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Finally, Morgan Stanley downgraded Valero Energy from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $160.00 to $175.00 in a research note on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $182.00.

Valero Energy Company 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.