AE Wealth Management LLC Acquires 12,410 Shares of Valero Energy Co. (NYSE:VLO)

AE Wealth Management LLC lifted its holdings in Valero Energy Co. (NYSE:VLO) by 14.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,940 shares of the oil and gas company’s stock after acquiring an additional 12,410 shares during the period. AE Wealth Management LLC’s holdings in Valero Energy were worth $15,823,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. MGO One Seven LLC lifted its stake in Valero Energy by 198.8% in 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 last quarter. Ontario Teachers Pension Plan Board lifted its stake in Valero Energy by 214.4% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 14,475 shares of the oil and gas company’s stock worth $1,882,000 after purchasing an additional 9,871 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in Valero Energy in the second quarter worth about $15,945,000. CIBC Private Wealth Group LLC lifted its stake in Valero Energy by 62.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 13,586 shares of the oil and gas company’s stock worth $1,766,000 after purchasing an additional 5,209 shares during the last quarter. Finally, Bollard Group LLC lifted its stake in Valero Energy by 0.8% in the fourth quarter. Bollard Group LLC now owns 58,968 shares of the oil and gas company’s stock worth $7,666,000 after purchasing an additional 440 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Down 3.1 %

Shares of NYSE VLO opened at $134.39 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04. The stock has a market capitalization of $43.94 billion, a P/E ratio of 6.66, a price-to-earnings-growth ratio of 2.72 and a beta of 1.40. Valero Energy Co. has a 1-year low of $119.88 and a 1-year high of $184.79. The business has a fifty day moving average price of $145.42 and a 200 day moving average price of $155.06.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $0.11. The firm had revenue of $34.49 billion during the quarter, compared to analysts’ expectations of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $5.40 EPS. Equities research analysts expect 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. Investors of record on Thursday, August 1st were paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Thursday, August 1st. Valero Energy’s dividend payout ratio (DPR) is currently 21.20%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wells Fargo & Company raised their price objective 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. The Goldman Sachs Group decreased their price objective on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research note on Monday, September 16th. Scotiabank boosted their price target on Valero Energy from $165.00 to $173.00 and gave the company a “sector outperform” rating in a report on Friday, July 12th. Piper Sandler downgraded Valero Energy from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $169.00 to $123.00 in a report on Friday. Finally, Barclays decreased their target price on Valero Energy from $171.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.07.

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.