Resources Management Corp CT ADV Trims Position in Valero Energy Co. (NYSE:VLO)

Resources Management Corp CT ADV decreased its holdings in Valero Energy Co. (NYSE:VLO) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,773 shares of the oil and gas company’s stock after selling 232 shares during the quarter. Resources Management Corp CT ADV’s holdings in Valero Energy were worth $4,040,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Collective Family Office LLC boosted its stake in shares of Valero Energy by 1.5% during the 1st quarter. Collective Family Office LLC now owns 4,040 shares of the oil and gas company’s stock valued at $690,000 after purchasing an additional 58 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Valero Energy by 4.7% in the 1st quarter. Versant Capital Management Inc now owns 1,327 shares of the oil and gas company’s stock valued at $227,000 after purchasing an additional 59 shares during the period. International Private Wealth Advisors LLC increased its stake in shares of Valero Energy by 3.4% in the 2nd quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock worth $309,000 after acquiring an additional 65 shares in the last quarter. Aua Capital Management LLC increased its stake in shares of Valero Energy by 3.1% during the first quarter. Aua Capital Management LLC now owns 2,261 shares of the oil and gas company’s stock valued at $386,000 after purchasing an additional 67 shares in the last quarter. Finally, OmniStar Financial Group Inc. boosted its position in shares of Valero Energy by 1.6% in the 2nd quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock worth $712,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Wolfe Research initiated coverage on Valero Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $177.00 target price on the stock. Scotiabank increased their price objective 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. Wells Fargo & Company upped their price target on Valero Energy from $165.00 to $172.00 and gave the company an “equal weight” rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. reduced their price target on shares of Valero Energy from $178.00 to $172.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. Finally, StockNews.com downgraded Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $168.07.

Valero Energy Trading Up 0.5 %

Shares of VLO opened at $135.18 on Tuesday. The company has a market cap of $44.20 billion, a P/E ratio of 6.70, a P/E/G ratio of 2.72 and a beta of 1.40. Valero Energy Co. has a twelve month low of $119.88 and a twelve month high of $184.79. The company’s fifty day simple moving average is $145.14 and its 200-day simple moving average is $155.11. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, beating 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 company had revenue of $34.49 billion during the quarter, compared to analysts’ expectations of $32.97 billion. During the same quarter in the previous year, the business earned $5.40 EPS. Valero Energy’s revenue was down .1% compared to the same quarter last year. As a group, analysts expect that Valero Energy Co. will post 12.3 EPS for the current year.

Valero Energy Dividend Announcement

The business 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. This represents a $4.28 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Thursday, August 1st. Valero Energy’s dividend payout ratio is presently 21.20%.

Valero Energy 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.