Monument Capital Management Cuts Stock Position in Valero Energy Corporation $VLO

Monument Capital Management lessened its holdings in Valero Energy Corporation (NYSE:VLO) by 25.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,953 shares of the oil and gas company’s stock after selling 682 shares during the period. Monument Capital Management’s holdings in Valero Energy were worth $263,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Hoey Investments Inc. purchased a new stake in Valero Energy in the 2nd quarter worth $26,000. Wayfinding Financial LLC purchased a new stake in Valero Energy in the 1st quarter worth $26,000. GFG Capital LLC purchased a new position in shares of Valero Energy during the second quarter valued at about $27,000. Hazlett Burt & Watson Inc. grew 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 valued at $28,000 after purchasing an additional 130 shares in the last quarter. Finally, Ransom Advisory Ltd purchased a new position in shares of Valero Energy during the first quarter valued at about $43,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Down 2.4%

VLO opened at $158.19 on Friday. The firm has a market cap of $49.14 billion, a P/E ratio of 65.91, a P/E/G ratio of 1.73 and a beta of 1.05. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $178.43. 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 50-day moving average of $153.45 and a 200 day moving average of $137.92.

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

Valero Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were paid a $1.13 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $4.52 annualized dividend and a yield of 2.9%. Valero Energy’s dividend payout ratio (DPR) is presently 188.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays raised their price objective on Valero Energy from $151.00 to $169.00 and gave the company an “overweight” rating in a research report on Tuesday. Citigroup lowered Valero Energy from a “buy” rating to a “neutral” rating and raised their price objective for the company from $134.00 to $150.00 in a research report on Wednesday, July 16th. Raymond James Financial raised their price objective 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. Morgan Stanley lowered Valero Energy from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $160.00 to $175.00 in a research report on Friday, October 3rd. Finally, Mizuho raised their price objective on Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $169.80.

About Valero Energy

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.