Measured Risk Portfolios Inc. Sells 106 Shares of Valero Energy Corporation $VLO

Measured Risk Portfolios Inc. lowered its stake in shares of Valero Energy Corporation (NYSE:VLO) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,963 shares of the oil and gas company’s stock after selling 106 shares during the quarter. Measured Risk Portfolios Inc.’s holdings in Valero Energy were worth $1,608,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Hoey Investments Inc. bought a new stake in Valero Energy during the second quarter worth $26,000. Wayfinding Financial LLC bought a new position in Valero Energy in the 1st quarter valued at $26,000. Hazlett Burt & Watson Inc. grew its stake in 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 purchasing an additional 130 shares during the period. Ransom Advisory Ltd bought a new position in Valero Energy in the 1st quarter valued at $43,000. Finally, Iron Horse Wealth Management LLC bought a new position in Valero Energy in the 1st quarter valued at $44,000. Institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

VLO has been the subject of a number of recent analyst reports. TD Cowen downgraded Valero Energy from a “buy” rating to a “hold” rating and upped their price objective for the company from $118.00 to $140.00 in a research note on Tuesday, July 22nd. Mizuho upped their price objective on Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Evercore ISI upped their price objective 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. Citigroup cut Valero Energy from a “buy” rating to a “neutral” rating and upped their price target for the company from $134.00 to $150.00 in a research report on Wednesday, July 16th. Finally, Raymond James Financial upped their price target on Valero Energy from $170.00 to $177.00 and gave the company a “strong-buy” rating in a research report on Tuesday, September 9th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $166.07.

Valero Energy Stock Down 2.6%

Shares of NYSE VLO opened at $160.37 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 current ratio of 1.62 and a quick ratio of 1.11. The business’s fifty day moving average price is $151.24 and its 200-day moving average price is $136.94. The stock has a market capitalization of $49.82 billion, a PE ratio of 66.82, a P/E/G ratio of 1.69 and a beta of 1.05.

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

Valero Energy Announces Dividend

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

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.