Mission Wealth Management LP Sells 694 Shares of Valero Energy Corporation $VLO

Mission Wealth Management LP decreased its stake in shares of Valero Energy Corporation (NYSE:VLO) by 19.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,909 shares of the oil and gas company’s stock after selling 694 shares during the quarter. Mission Wealth Management LP’s holdings in Valero Energy were worth $391,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Valero Energy by 12.0% during the 1st quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock valued at $5,135,043,000 after buying an additional 4,155,522 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Valero Energy by 6.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock valued at $1,510,586,000 after purchasing an additional 736,533 shares during the period. Price T Rowe Associates Inc. MD increased its position in Valero Energy by 276.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock valued at $1,425,754,000 after purchasing an additional 7,931,018 shares during the period. Invesco Ltd. increased its position in Valero Energy by 34.1% during the 1st quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock valued at $647,823,000 after purchasing an additional 1,247,196 shares during the period. Finally, Nuveen LLC purchased a new position in Valero Energy during the 1st quarter valued at about $529,864,000. Institutional investors own 78.69% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Valero Energy in a research report on Wednesday, October 8th. Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Evercore ISI raised their target price on shares of Valero Energy from $135.00 to $185.00 and gave the company an “in-line” rating in a research report on Friday, September 19th. Piper Sandler raised their target price on shares of Valero Energy from $200.00 to $201.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Finally, TD Cowen raised their target price on shares of Valero Energy from $162.00 to $165.00 and gave the company a “hold” rating in a research report on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $179.27.

Valero Energy Stock Down 1.6%

NYSE:VLO opened at $168.89 on Wednesday. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $178.43. The stock has a market capitalization of $52.47 billion, a P/E ratio of 35.26, a P/E/G ratio of 1.77 and a beta of 1.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.60. The company’s 50-day simple moving average is $162.99 and its 200-day simple moving average is $144.25.

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

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, November 20th will be paid a $1.13 dividend. The ex-dividend date is Thursday, November 20th. This represents a $4.52 dividend on an annualized basis and a yield of 2.7%. Valero Energy’s dividend payout ratio (DPR) is 94.36%.

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.