Miracle Mile Advisors LLC Has $402,000 Stock Position in Valero Energy Co. (NYSE:VLO)

Miracle Mile Advisors LLC lessened its position in shares of Valero Energy Co. (NYSE:VLO) by 3.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,358 shares of the oil and gas company’s stock after selling 74 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Valero Energy were worth $402,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Cutter & CO Brokerage Inc. increased its holdings in Valero Energy by 2.4% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 4,981 shares of the oil and gas company’s stock valued at $648,000 after buying an additional 116 shares during the period. Deutsche Bank AG increased its stake in Valero Energy by 5.8% in the third quarter. Deutsche Bank AG now owns 1,005,346 shares of the oil and gas company’s stock valued at $142,468,000 after acquiring an additional 55,351 shares during the period. Stiles Financial Services Inc raised its position in Valero Energy by 49.7% in the fourth quarter. Stiles Financial Services Inc now owns 7,615 shares of the oil and gas company’s stock worth $991,000 after purchasing an additional 2,529 shares in the last quarter. MGO One Seven LLC lifted its stake in Valero Energy by 198.8% during the fourth quarter. MGO One Seven LLC now owns 16,605 shares of the oil and gas company’s stock worth $2,159,000 after purchasing an additional 11,047 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in Valero Energy by 14.0% during the fourth quarter. Pacer Advisors Inc. now owns 2,788,994 shares of the oil and gas company’s stock valued at $362,569,000 after purchasing an additional 342,218 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on VLO. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $156.00 to $210.00 in a research report on Friday, March 15th. Piper Sandler reduced their target price on shares of Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. Argus cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. Citigroup boosted their price target on shares of Valero Energy from $160.00 to $192.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, Wells Fargo & Company dropped their price objective on shares of Valero Energy from $184.00 to $179.00 and set an “equal weight” rating for the company in a report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $171.87.

Valero Energy Price Performance

Valero Energy stock opened at $157.98 on Tuesday. The stock has a market cap of $51.66 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 1.62 and a beta of 1.42. Valero Energy Co. has a 12-month low of $112.16 and a 12-month high of $184.79. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35. The business’s 50-day simple moving average is $157.35 and its 200 day simple moving average is $150.47.

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

Valero Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, May 30th were paid a dividend of $1.07 per share. 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 payout ratio is 21.20%.

Insider Activity at Valero Energy

In other Valero Energy news, Director Kimberly S. Greene sold 720 shares of the 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 directly owns 13,314 shares in the company, valued at $2,105,209.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.47% of the company’s stock.

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.