Tcfg Wealth Management LLC Has $249,000 Position in Valero Energy Corporation $VLO

Tcfg Wealth Management LLC lowered its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 8.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,849 shares of the oil and gas company’s stock after selling 168 shares during the period. Tcfg Wealth Management LLC’s holdings in Valero Energy were worth $249,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Broadway Wealth Solutions Inc. boosted its stake in shares of Valero Energy by 3.8% in the 2nd quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock valued at $251,000 after purchasing an additional 69 shares in the last quarter. Park Place Capital Corp boosted its stake in shares of Valero Energy by 21.8% in the 2nd quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock valued at $58,000 after purchasing an additional 75 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Valero Energy by 1.4% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock valued at $732,000 after purchasing an additional 78 shares in the last quarter. Summit Financial LLC boosted its stake in shares of Valero Energy by 4.6% in the 1st quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock valued at $239,000 after purchasing an additional 79 shares in the last quarter. Finally, Keeley Teton Advisors LLC boosted its stake in shares of Valero Energy by 1.1% in the 1st quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock valued at $1,025,000 after purchasing an additional 81 shares in the last quarter. 78.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of Valero Energy from $171.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, September 11th. Wells Fargo & Company lifted their price target on Valero Energy from $151.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. UBS Group lifted their price target on Valero Energy from $165.00 to $183.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a report on Saturday, September 27th. Finally, Evercore ISI lifted their price target on Valero Energy from $135.00 to $185.00 and gave the company an “in-line” rating in a report on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and a consensus price target of $168.07.

Valero Energy Price Performance

Shares of VLO stock opened at $163.13 on Wednesday. The stock has a 50-day moving average price of $151.99 and a 200 day moving average price of $137.36. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. The firm has a market cap of $50.68 billion, a price-to-earnings ratio of 67.97, a PEG 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.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.62. The firm 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 company’s revenue was down 13.3% on a year-over-year basis. During the same period last year, the company earned $2.71 earnings per share. Research analysts expect that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

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

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.