Wealthspire Advisors LLC Sells 3,211 Shares of Valero Energy Corporation $VLO

Wealthspire Advisors LLC cut its position in shares of Valero Energy Corporation (NYSE:VLO) by 27.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,627 shares of the oil and gas company’s stock after selling 3,211 shares during the period. Wealthspire Advisors LLC’s holdings in Valero Energy were worth $1,160,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Hancock Whitney Corp lifted its holdings in shares of Valero Energy by 8.9% in the 1st quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock valued at $6,138,000 after acquiring an additional 3,790 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of Valero Energy in the 1st quarter valued at approximately $766,000. FORA Capital LLC purchased a new position in shares of Valero Energy in the 1st quarter worth approximately $866,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Valero Energy by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 560,495 shares of the oil and gas company’s stock valued at $74,025,000 after purchasing an additional 56,274 shares during the last quarter. Finally, Beacon Investment Advisory Services Inc. raised its holdings in Valero Energy by 8.5% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 30,152 shares of the oil and gas company’s stock valued at $4,053,000 after buying an additional 2,372 shares during the period. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Down 5.3%

Valero Energy stock opened at $170.80 on Friday. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $185.62. The business has a fifty day moving average of $168.36 and a two-hundred day moving average of $149.11. The firm has a market cap of $52.10 billion, a P/E ratio of 35.66, a P/E/G ratio of 1.77 and a beta of 1.01. The company has a quick ratio of 1.09, a current ratio of 1.60 and a debt-to-equity ratio of 0.36.

Valero Energy (NYSE:VLO) last released 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. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The firm had revenue of $32.17 billion during the quarter, compared to analyst estimates of $28.80 billion. During the same period in the previous year, the company posted $1.14 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, November 20th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Thursday, November 20th. Valero Energy’s dividend payout ratio (DPR) is currently 94.36%.

Wall Street Analysts Forecast Growth

VLO has been the topic of several recent analyst reports. Piper Sandler increased their target price on shares of Valero Energy from $201.00 to $223.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Evercore ISI raised their price objective on shares of Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a research note on Friday, September 19th. Wall Street Zen cut Valero Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. upped their price objective on Valero Energy from $177.00 to $197.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and an average target price of $182.00.

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.