Magnolia Capital Advisors LLC Acquires Shares of 20,892 Valero Energy Co. (NYSE:VLO)

Magnolia Capital Advisors LLC purchased a new stake in shares of Valero Energy Co. (NYSE:VLO) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 20,892 shares of the oil and gas company’s stock, valued at approximately $3,275,000.

A number of other institutional investors also recently bought and sold shares of VLO. EdgeRock Capital LLC purchased a new position in Valero Energy during the 2nd quarter valued at about $27,000. Lynx Investment Advisory purchased a new stake in shares of Valero Energy in the second quarter worth $29,000. Summit Securities Group LLC bought a new position in Valero Energy in the 2nd quarter worth about $31,000. Rise Advisors LLC bought a new position in Valero Energy in the 1st quarter worth about $33,000. Finally, Pathway Financial Advisers LLC bought a new stake in Valero Energy during the 1st quarter valued at about $33,000. 78.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VLO has been the topic of a number of recent analyst reports. Scotiabank increased their price target on shares of Valero Energy from $165.00 to $173.00 and gave the company a “sector outperform” rating in a report on Friday, July 12th. JPMorgan Chase & Co. lowered their price target on Valero Energy from $178.00 to $172.00 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd. Wolfe Research started coverage on Valero Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price objective for the company. Wells Fargo & Company raised 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. Finally, The Goldman Sachs Group lowered their price objective on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and a consensus target price of $168.07.

Valero Energy Price Performance

Shares of Valero Energy stock opened at $135.97 on Monday. The stock’s fifty day moving average is $144.01 and its 200 day moving average is $154.61. Valero Energy Co. has a one year low of $119.88 and a one 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 $43.56 billion, a P/E ratio of 6.73, a P/E/G ratio of 3.31 and a beta of 1.40.

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 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 firm had revenue of $34.49 billion for the quarter, compared to analysts’ expectations of $32.97 billion. During the same period in the previous year, the firm earned $5.40 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. Sell-side analysts anticipate that Valero Energy Co. will post 10.26 earnings per share for the current year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 1st were given a dividend of $1.07 per share. The ex-dividend date was Thursday, August 1st. This represents a $4.28 annualized dividend and a dividend yield of 3.15%. Valero Energy’s payout ratio is 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.