Orleans Capital Management Corp LA Trims Holdings in Valero Energy Co. (NYSE:VLO)

Orleans Capital Management Corp LA reduced its holdings in shares of Valero Energy Co. (NYSE:VLO) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,130 shares of the oil and gas company’s stock after selling 705 shares during the period. Valero Energy accounts for about 1.5% of Orleans Capital Management Corp LA’s investment portfolio, making the stock its 29th largest holding. Orleans Capital Management Corp LA’s holdings in Valero Energy were worth $2,372,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. EdgeRock Capital LLC bought a new stake in shares of Valero Energy in the 2nd quarter worth approximately $27,000. Lynx Investment Advisory bought a new stake in Valero Energy in the second quarter worth $29,000. Summit Securities Group LLC purchased a new stake in shares of Valero Energy in the second quarter worth $31,000. Rise Advisors LLC bought a new position in shares of Valero Energy during the first quarter valued at $33,000. Finally, Pathway Financial Advisers LLC bought a new position in Valero Energy in the 1st quarter worth about $33,000. Institutional investors own 78.69% of the company’s stock.

Valero Energy Price Performance

NYSE VLO opened at $135.03 on Tuesday. The company has a 50-day moving average price of $143.73 and a 200-day moving average price of $154.44. Valero Energy Co. has a 52 week low of $119.88 and a 52 week high of $184.79. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $44.15 billion, a P/E ratio of 6.69, a PEG ratio of 3.31 and a beta of 1.40.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.60 by $0.11. The business had revenue of $34.49 billion during the quarter, compared to analysts’ expectations of $32.97 billion. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The firm’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $5.40 earnings per share. Equities research analysts anticipate that Valero Energy Co. will post 10.26 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors 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 yield of 3.17%. Valero Energy’s dividend payout ratio (DPR) is presently 21.20%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VLO. Mizuho reduced their price objective on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Scotiabank boosted their price objective on shares of Valero Energy from $165.00 to $173.00 and gave the stock 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 cut their target price for the company from $169.00 to $123.00 in a research note on Friday, September 20th. Wells Fargo & Company boosted their price target on 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, JPMorgan Chase & Co. dropped their price objective 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.