Valero Energy Corporation $VLO Shares Sold by Courier Capital LLC

Courier Capital LLC cut its stake in Valero Energy Corporation (NYSE:VLO) by 8.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,173 shares of the oil and gas company’s stock after selling 1,118 shares during the period. Courier Capital LLC’s holdings in Valero Energy were worth $1,636,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Hoey Investments Inc. purchased a new stake in shares of Valero Energy during the second quarter worth approximately $26,000. Wayfinding Financial LLC purchased a new stake in Valero Energy during the 1st quarter worth about $26,000. GFG Capital LLC purchased a new position in Valero Energy in the second quarter valued at approximately $27,000. Hazlett Burt & Watson Inc. raised its stake in Valero Energy by 156.6% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock worth $28,000 after acquiring 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 worth about $43,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Barclays lifted their target price on shares of Valero Energy from $151.00 to $169.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Jefferies Financial Group lifted their target price on shares of Valero Energy from $181.00 to $194.00 and gave the company a “buy” rating in a report on Friday, October 10th. Piper Sandler upped their price objective on Valero Energy from $171.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, September 11th. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $152.00 to $179.00 in a report on Wednesday, September 3rd. Finally, Wolfe Research downgraded Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.80.

Valero Energy Trading Up 0.5%

Shares of VLO stock opened at $162.19 on Wednesday. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $178.43. The firm’s 50-day simple moving average is $154.47 and its 200-day simple moving average is $138.35. The firm has a market cap of $50.38 billion, a P/E ratio of 67.58, a PEG ratio of 1.66 and a beta of 1.05. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO) last released its earnings results 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. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The company had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $27 billion. During the same quarter last year, the business posted $2.71 EPS. Valero Energy’s quarterly revenue was down 13.3% compared to the same quarter last year. As a group, equities analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

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