Valero Energy Corporation $VLO Shares Sold by Capital Advisors Inc. OK

Capital Advisors Inc. OK trimmed its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 8.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,479 shares of the oil and gas company’s stock after selling 906 shares during the period. Capital Advisors Inc. OK’s holdings in Valero Energy were worth $1,274,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of VLO. Price T Rowe Associates Inc. MD raised its holdings in shares of Valero Energy by 276.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock worth $1,425,754,000 after purchasing an additional 7,931,018 shares during the period. Vanguard Group Inc. raised its holdings in shares of Valero Energy by 12.0% during the first quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock worth $5,135,043,000 after purchasing an additional 4,155,522 shares during the period. Nuveen LLC acquired a new stake in shares of Valero Energy during the first quarter worth $529,864,000. Invesco Ltd. raised its holdings in shares of Valero Energy by 34.1% during the first quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock worth $647,823,000 after purchasing an additional 1,247,196 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Valero Energy by 6.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock worth $1,510,586,000 after acquiring an additional 736,533 shares during the period. 78.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TD Cowen cut shares of Valero Energy from a “buy” rating to a “hold” rating and increased their price objective for the stock from $118.00 to $140.00 in a report on Tuesday, July 22nd. Citigroup cut shares of Valero Energy from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $134.00 to $150.00 in a report on Wednesday, July 16th. Piper Sandler increased their price objective on shares of Valero Energy from $171.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, September 11th. UBS Group increased their price objective on shares of Valero Energy from $165.00 to $183.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Finally, Morgan Stanley cut shares of Valero Energy from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $160.00 to $175.00 in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and an average price target of $166.07.

Valero Energy Stock Performance

Shares of VLO opened at $160.37 on Monday. The firm has a 50-day moving average price of $151.24 and a 200 day moving average price of $136.96. The firm 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. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $178.43.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, beating 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 net margin of 0.62% and a return on equity of 5.76%. Valero Energy’s revenue was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.71 EPS. On average, sell-side analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently announced 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 is currently 188.33%.

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.