MRP Capital Investments LLC Sells 340 Shares of Valero Energy Co. (NYSE:VLO)

MRP Capital Investments LLC trimmed its stake in shares of Valero Energy Co. (NYSE:VLO) by 2.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 11,899 shares of the oil and gas company’s stock after selling 340 shares during the quarter. Valero Energy comprises about 1.7% of MRP Capital Investments LLC’s portfolio, making the stock its 14th biggest holding. MRP Capital Investments LLC’s holdings in Valero Energy were worth $1,865,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of VLO. EdgeRock Capital LLC acquired a new stake in shares of Valero Energy during the 2nd quarter valued at $27,000. Lynx Investment Advisory acquired a new stake in shares of Valero Energy during the second quarter valued at about $29,000. Summit Securities Group LLC bought a new stake in shares of Valero Energy during the second quarter worth about $31,000. Rise Advisors LLC bought a new position in Valero Energy in the 1st quarter valued at approximately $33,000. Finally, Pathway Financial Advisers LLC acquired a new stake in Valero Energy during the 1st quarter worth approximately $33,000. Institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wolfe Research assumed coverage on Valero Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $177.00 target price for the company. Mizuho lowered their price target on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a report on Monday. StockNews.com lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Wells Fargo & Company lifted their target price on shares of Valero Energy from $165.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 3rd. Finally, Scotiabank upped their price target on shares of Valero Energy from $165.00 to $173.00 and gave the company a “sector outperform” rating in a research report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $171.36.

Valero Energy Stock Up 0.7 %

Shares of NYSE VLO opened at $136.76 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04. Valero Energy Co. has a 1 year low of $119.88 and a 1 year high of $184.79. The stock has a market capitalization 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 company has a 50-day moving average price of $145.85 and a 200-day moving average price of $155.24.

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

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 1st were paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.13%. The ex-dividend date 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.