Kendall Capital Management Has $1.22 Million Position in Valero Energy Co. (NYSE:VLO)

Kendall Capital Management lessened its holdings in Valero Energy Co. (NYSE:VLO) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,776 shares of the oil and gas company’s stock after selling 183 shares during the quarter. Kendall Capital Management’s holdings in Valero Energy were worth $1,219,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in VLO. Sienna Gestion increased its stake in shares of Valero Energy by 0.9% in the 2nd quarter. Sienna Gestion now owns 38,347 shares of the oil and gas company’s stock valued at $6,008,000 after acquiring an additional 334 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Valero Energy by 20.5% during the 2nd quarter. Hsbc Holdings PLC now owns 1,145,117 shares of the oil and gas company’s stock worth $179,490,000 after acquiring an additional 194,974 shares during the last quarter. O Brien Greene & Co. Inc boosted its holdings in Valero Energy by 2.6% during the 2nd quarter. O Brien Greene & Co. Inc now owns 53,600 shares of the oil and gas company’s stock worth $8,402,000 after acquiring an additional 1,356 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Valero Energy by 4.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 38,442 shares of the oil and gas company’s stock worth $5,782,000 after buying an additional 1,517 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in Valero Energy by 26.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 80,124 shares of the oil and gas company’s stock valued at $12,543,000 after acquiring an additional 16,654 shares during the period. Institutional investors own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on VLO shares. Wolfe Research began coverage on Valero Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $177.00 price target on the stock. Piper Sandler decreased their target price on Valero Energy from $187.00 to $169.00 and set an “overweight” rating for the company in a report on Friday, June 14th. StockNews.com downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Mizuho dropped their price objective on Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Wells Fargo & Company increased their price objective on Valero Energy from $165.00 to $172.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.36.

Valero Energy Trading Up 0.7 %

NYSE:VLO opened at $136.76 on Thursday. Valero Energy Co. has a 1 year low of $119.88 and a 1 year high of $184.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48. The stock has a market cap of $43.82 billion, a P/E ratio of 6.77, a P/E/G ratio of 2.72 and a beta of 1.40. The stock has a 50-day simple moving average of $145.85 and a 200-day simple moving average of $155.24.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.60 by $0.11. The business had revenue of $34.49 billion during the quarter, compared to the consensus estimate of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $5.40 EPS. As a group, analysts anticipate that Valero Energy Co. will post 12.3 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 1st were issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Thursday, August 1st. Valero Energy’s dividend payout ratio (DPR) is presently 21.20%.

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.