Lmcg Investments LLC Has $7.44 Million Stock Holdings in Valero Energy Corporation $VLO

Lmcg Investments LLC cut its holdings in Valero Energy Corporation (NYSE:VLO) by 16.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 55,363 shares of the oil and gas company’s stock after selling 10,867 shares during the quarter. Lmcg Investments LLC’s holdings in Valero Energy were worth $7,442,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of VLO. Wayfinding Financial LLC acquired a new position in Valero Energy during the 1st quarter worth approximately $26,000. Hoey Investments Inc. acquired a new position in Valero Energy during the 2nd quarter worth approximately $26,000. GFG Capital LLC acquired a new position in Valero Energy during the 2nd quarter worth approximately $27,000. Hazlett Burt & Watson Inc. boosted its position in Valero Energy by 156.6% during the 1st 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. Finally, Hemington Wealth Management boosted its position 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 worth $43,000 after acquiring an additional 95 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Down 2.4%

VLO opened at $158.19 on Friday. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $178.43. The stock’s fifty day simple moving average is $153.45 and its 200 day simple moving average is $137.92. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The stock has a market cap of $49.14 billion, a PE ratio of 65.91, a price-to-earnings-growth ratio of 1.73 and a beta of 1.05.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.62. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The business had revenue of $29.89 billion for the quarter, compared to analysts’ expectations of $27 billion. During the same quarter in the prior year, the business earned $2.71 EPS. The firm’s revenue for the quarter was down 13.3% on a year-over-year basis. As a group, research analysts expect 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. Investors of record on Thursday, July 31st were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Thursday, July 31st. Valero Energy’s dividend payout ratio is 188.33%.

Analyst Ratings Changes

VLO has been the subject of a number of recent research reports. Evercore ISI upped their price target on Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a research report on Friday, September 19th. Barclays upped their price target on Valero Energy from $151.00 to $169.00 and gave the stock an “overweight” rating in a research report on Tuesday. Citigroup cut Valero Energy from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $134.00 to $150.00 in a research note on Wednesday, July 16th. Piper Sandler upped their price objective on Valero Energy from $171.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, September 11th. Finally, TD Cowen cut Valero Energy from a “buy” rating to a “hold” rating and upped their price objective for the stock from $118.00 to $140.00 in a research note on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $169.80.

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.