Valero Energy Co. (NYSE:VLO) Holdings Raised by Summit Trail Advisors LLC

Summit Trail Advisors LLC boosted its stake in Valero Energy Co. (NYSE:VLO) by 4.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,295 shares of the oil and gas company’s stock after buying an additional 131 shares during the period. Summit Trail Advisors LLC’s holdings in Valero Energy were worth $517,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

VLO has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of Valero Energy from $165.00 to $172.00 and gave the company an “equal weight” rating in a report on Tuesday, September 3rd. The Goldman Sachs Group reduced their target price on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a report on Monday, September 16th. Mizuho dropped their price target on Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. Scotiabank raised their price objective on Valero Energy from $165.00 to $173.00 and gave the stock a “sector outperform” rating in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. cut their target price on Valero Energy from $178.00 to $172.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.07.

Valero Energy Stock Performance

Shares of VLO opened at $134.46 on Monday. The company has a market capitalization of $43.97 billion, a PE ratio of 6.66, a PEG ratio of 2.72 and a beta of 1.40. 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 company’s 50 day moving average price is $145.42 and its 200 day moving average price is $155.21. Valero Energy Co. has a 52 week low of $119.88 and a 52 week high of $184.79.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results 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 business had revenue of $34.49 billion for the quarter, compared to the consensus estimate of $32.97 billion. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. Valero Energy’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business posted $5.40 earnings per share. Research analysts expect that Valero Energy Co. will post 12.3 EPS for the current fiscal year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st were paid a $1.07 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $4.28 annualized dividend and a dividend yield of 3.18%. Valero Energy’s payout ratio is 21.20%.

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.