Chapin Davis Inc. Invests $206,000 in Valero Energy Co. (NYSE:VLO)

Chapin Davis Inc. bought a new position in Valero Energy Co. (NYSE:VLO) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,205 shares of the oil and gas company’s stock, valued at approximately $206,000.

Other institutional investors have also made changes to their positions in the company. BKM Wealth Management LLC purchased a new position in shares of Valero Energy in the fourth quarter worth approximately $26,000. Rise Advisors LLC purchased a new position in shares of Valero Energy in the first quarter worth approximately $33,000. Wetzel Investment Advisors Inc. purchased a new position in Valero Energy during the fourth quarter valued at approximately $36,000. FSC Wealth Advisors LLC purchased a new position in Valero Energy during the fourth quarter valued at approximately $38,000. Finally, McIlrath & Eck LLC grew its position in Valero Energy by 40.3% during the third quarter. McIlrath & Eck LLC now owns 303 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 87 shares in the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Price Performance

NYSE:VLO opened at $157.98 on Tuesday. The stock has a market cap of $51.66 billion, a P/E ratio of 7.82, a PEG ratio of 1.62 and a beta of 1.42. Valero Energy Co. has a one year low of $112.16 and a one year high of $184.79. The company has a fifty day moving average price of $157.35 and a 200 day moving average price of $150.47. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.10.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, beating 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 net margin of 5.01% and a return on equity of 24.82%. The business’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.27 EPS. Analysts anticipate that Valero Energy Co. will post 16.09 earnings per share for the current year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, May 30th were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Thursday, May 30th. Valero Energy’s dividend payout ratio (DPR) is presently 21.20%.

Insider Buying and Selling at Valero Energy

In other Valero Energy news, Director Kimberly S. Greene sold 720 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $158.12, for a total value of $113,846.40. Following the sale, the director now owns 13,314 shares of the company’s stock, valued at approximately $2,105,209.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a research report on Friday, March 22nd. Argus cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. UBS Group lifted their target price on shares of Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a research note on Tuesday, March 26th. Mizuho reduced their target price on shares of Valero Energy from $176.00 to $171.00 and set a “neutral” rating for the company in a research note on Thursday, June 20th. Finally, Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $156.00 to $210.00 in a research note on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and a consensus price target of $171.87.

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.