Kathmere Capital Management LLC Purchases 484 Shares of Valero Energy Co. (NYSE:VLO)

Kathmere Capital Management LLC increased its position in Valero Energy Co. (NYSE:VLO) by 21.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,782 shares of the oil and gas company’s stock after purchasing an additional 484 shares during the quarter. Kathmere Capital Management LLC’s holdings in Valero Energy were worth $475,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Collective Family Office LLC boosted its holdings in Valero Energy by 1.5% during the first quarter. Collective Family Office LLC now owns 4,040 shares of the oil and gas company’s stock worth $690,000 after buying an additional 58 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Valero Energy by 4.7% during the first quarter. Versant Capital Management Inc now owns 1,327 shares of the oil and gas company’s stock worth $227,000 after buying an additional 59 shares during the last quarter. Aua Capital Management LLC boosted its holdings in Valero Energy by 3.1% during the first quarter. Aua Capital Management LLC now owns 2,261 shares of the oil and gas company’s stock worth $386,000 after buying an additional 67 shares during the last quarter. United Community Bank boosted its holdings in Valero Energy by 2.2% during the fourth quarter. United Community Bank now owns 3,416 shares of the oil and gas company’s stock worth $444,000 after buying an additional 75 shares during the last quarter. Finally, Marino Stram & Associates LLC boosted its holdings in Valero Energy by 0.9% during the fourth quarter. Marino Stram & Associates LLC now owns 8,384 shares of the oil and gas company’s stock worth $1,090,000 after buying an additional 77 shares during the last quarter. 78.69% of the stock is owned by institutional investors.

Valero Energy Stock Up 1.8 %

NYSE:VLO opened at $156.76 on Friday. The firm has a market capitalization of $51.26 billion, a price-to-earnings ratio of 7.76, a price-to-earnings-growth ratio of 1.62 and a beta of 1.47. Valero Energy Co. has a twelve month low of $112.16 and a twelve month high of $184.79. The stock’s 50 day moving average price is $157.35 and its two-hundred day moving average price is $150.29. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.64. The firm had revenue of $31.76 billion for the quarter, compared to analyst estimates of $32.02 billion. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The business’s quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.27 EPS. Equities research analysts expect that Valero Energy Co. will post 16.09 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, May 30th were issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Thursday, May 30th. Valero Energy’s payout ratio is presently 21.20%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on VLO shares. TD Cowen cut their price objective on Valero Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Scotiabank lifted their price objective on Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Argus cut Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. StockNews.com cut Valero Energy from a “buy” rating to a “hold” rating in a report on Sunday, June 23rd. Finally, Citigroup lifted their price objective on Valero Energy from $160.00 to $192.00 and gave the company a “buy” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $172.00.

Insider Buying and Selling

In related news, Director Kimberly S. Greene sold 720 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $158.12, for a total transaction of $113,846.40. Following the transaction, the director now directly owns 13,314 shares of the company’s stock, valued at approximately $2,105,209.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is owned by insiders.

Valero Energy 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.