Kendall Capital Management Sells 269 Shares of Valero Energy Corporation $VLO

Kendall Capital Management decreased its holdings in Valero Energy Corporation (NYSE:VLO) by 3.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,875 shares of the oil and gas company’s stock after selling 269 shares during the period. Kendall Capital Management’s holdings in Valero Energy were worth $924,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Hoey Investments Inc. acquired a new position in shares of Valero Energy during the second quarter worth $26,000. Wayfinding Financial LLC acquired a new position in shares of Valero Energy during the first quarter worth $26,000. Hazlett Burt & Watson Inc. increased its position in shares of Valero Energy by 156.6% during the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 130 shares in the last quarter. Ameriflex Group Inc. acquired a new position in shares of Valero Energy during the fourth quarter worth $29,000. Finally, Ransom Advisory Ltd acquired a new position in shares of Valero Energy during the first quarter worth $43,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Price Performance

NYSE:VLO opened at $175.72 on Friday. Valero Energy Corporation has a one year low of $99.00 and a one year 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. The firm has a market cap of $54.59 billion, a price-to-earnings ratio of 73.22, a PEG ratio of 1.84 and a beta of 1.10. The firm’s fifty day moving average is $148.97 and its two-hundred day moving average is $135.61.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 EPS 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 company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $27 billion. During the same period in the prior year, the company earned $2.71 earnings per share. The firm’s revenue was down 13.3% on a year-over-year basis. Research analysts expect that Valero Energy Corporation will post 7.92 EPS 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 $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, July 31st. Valero Energy’s dividend payout ratio is presently 188.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Wells Fargo & Company upped their price target on Valero Energy from $151.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Mizuho upped their target price on Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Evercore ISI upped their target price on Valero Energy from $135.00 to $185.00 and gave the company an “in-line” rating in a research report on Friday, September 19th. Finally, Morgan Stanley upped their target price on Valero Energy from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $165.00.

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.