Axxcess Wealth Management LLC Has $1.40 Million Position in Valero Energy Co. (NYSE:VLO)

Axxcess Wealth Management LLC cut its holdings in shares of Valero Energy Co. (NYSE:VLO) by 46.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,935 shares of the oil and gas company’s stock after selling 7,612 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Valero Energy were worth $1,401,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. 9258 Wealth Management LLC grew its holdings in Valero Energy by 7.2% in the 4th quarter. 9258 Wealth Management LLC now owns 1,704 shares of the oil and gas company’s stock valued at $222,000 after buying an additional 114 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Valero Energy by 2.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 172,884 shares of the oil and gas company’s stock valued at $22,475,000 after buying an additional 3,449 shares in the last quarter. Quest Partners LLC acquired a new position in Valero Energy in the 4th quarter valued at $662,000. Franklin Resources Inc. grew its holdings in Valero Energy by 23.1% in the 4th quarter. Franklin Resources Inc. now owns 598,764 shares of the oil and gas company’s stock valued at $77,839,000 after buying an additional 112,178 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board grew its holdings in Valero Energy by 214.4% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 14,475 shares of the oil and gas company’s stock valued at $1,882,000 after buying an additional 9,871 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on VLO shares. Scotiabank upped their price objective on Valero Energy from $165.00 to $173.00 and gave the company a “sector outperform” rating in a report on Friday, July 12th. StockNews.com lowered Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. The Goldman Sachs Group reduced their target price on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a report on Monday. Barclays reduced their target price on Valero Energy from $171.00 to $165.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Finally, Wolfe Research started coverage on Valero Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $177.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and an average price target of $171.36.

Valero Energy Price Performance

Valero Energy stock opened at $136.76 on Thursday. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $43.82 billion, a PE ratio of 6.77, a P/E/G ratio of 2.72 and a beta of 1.40. Valero Energy Co. has a 12 month low of $119.88 and a 12 month high of $184.79. The stock has a 50-day moving average price of $145.85 and a two-hundred day moving average price of $155.24.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.60 by $0.11. The firm had revenue of $34.49 billion during the quarter, compared to the consensus estimate of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the company earned $5.40 earnings per share. 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. Stockholders of record on Thursday, August 1st were paid a $1.07 dividend. The ex-dividend date was Thursday, August 1st. This represents a $4.28 annualized dividend and a dividend yield of 3.13%. 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.