Valero Energy Corporation $VLO Shares Purchased by Western Wealth Management LLC

Western Wealth Management LLC increased its holdings in Valero Energy Corporation (NYSE:VLO) by 7.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,196 shares of the oil and gas company’s stock after buying an additional 296 shares during the quarter. Western Wealth Management LLC’s holdings in Valero Energy were worth $564,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Hoey Investments Inc. purchased a new stake in shares of Valero Energy in the 2nd quarter valued at $26,000. GFG Capital LLC acquired a new position in Valero Energy during the second quarter valued at $27,000. Hazlett Burt & Watson Inc. boosted its holdings in Valero Energy by 156.6% in 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 during the last quarter. Hantz Financial Services Inc. boosted its holdings in Valero Energy by 1,277.8% in the second quarter. Hantz Financial Services Inc. now owns 248 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 230 shares during the last quarter. Finally, Hemington Wealth Management grew 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 purchasing an additional 95 shares during the period. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Trading Down 1.7%

Shares of VLO stock opened at $178.73 on Tuesday. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $183.93. The company has a market cap of $54.51 billion, a price-to-earnings ratio of 37.31, a PEG ratio of 1.77 and a beta of 1.01. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. The stock has a 50 day simple moving average of $167.18 and a 200-day simple moving average of $148.27.

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

Valero Energy Dividend Announcement

The business also recently declared 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 of this dividend is Thursday, November 20th. This represents a $4.52 dividend on an annualized basis and a yield of 2.5%. Valero Energy’s dividend payout ratio (DPR) is currently 94.36%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Jefferies Financial Group upped their target price on Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Barclays upped their price objective on Valero Energy from $169.00 to $184.00 and gave the stock an “overweight” rating in a research report on Monday. TD Cowen lifted their target price on shares of Valero Energy from $162.00 to $165.00 and gave the company a “hold” rating in a report on Friday, October 24th. Erste Group Bank began coverage on shares of Valero Energy in a research note on Monday, November 10th. They issued a “buy” rating for the company. Finally, Wall Street Zen downgraded shares of Valero Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Valero Energy presently has an average rating of “Moderate Buy” and an average target price of $182.00.

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.