Intrepid Financial Planning Group LLC Decreases Stock Position in Valero Energy Co. (NYSE:VLO)

Intrepid Financial Planning Group LLC trimmed its position in shares of Valero Energy Co. (NYSE:VLO) by 2.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,599 shares of the oil and gas company’s stock after selling 100 shares during the quarter. Intrepid Financial Planning Group LLC’s holdings in Valero Energy were worth $564,000 as of its most recent filing with the Securities & Exchange Commission.

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

Valero Energy Stock Performance

Shares of VLO stock opened at $136.76 on Thursday. Valero Energy Co. has a 12-month low of $119.88 and a 12-month high of $184.79. The business’s fifty day simple moving average is $145.85 and its 200-day simple moving average is $155.24. 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 cap of $43.82 billion, a PE ratio of 6.77, a PEG ratio of 2.72 and a beta of 1.40.

Valero Energy (NYSE:VLO) last released its quarterly 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. 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 period last year, the business posted $5.40 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. Analysts expect that Valero Energy Co. will post 12.3 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Thursday, August 1st. Valero Energy’s dividend payout ratio (DPR) is presently 21.20%.

Analysts Set New Price Targets

A number of equities analysts have commented on VLO shares. Piper Sandler dropped their target price on shares of Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. JPMorgan Chase & Co. reduced their price objective on Valero Energy from $178.00 to $172.00 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd. Wells Fargo & Company lifted their target price on Valero Energy from $165.00 to $172.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 3rd. Wolfe Research began coverage on Valero Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $177.00 price target on the stock. Finally, Scotiabank raised their price target on Valero Energy from $165.00 to $173.00 and gave the company a “sector outperform” rating in a research note on Friday, July 12th. One equities 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $171.36.

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.