Elo Mutual Pension Insurance Co Decreases Stock Holdings in Valero Energy Co. (NYSE:VLO)

Elo Mutual Pension Insurance Co lowered its position in Valero Energy Co. (NYSE:VLO) by 19.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,165 shares of the oil and gas company’s stock after selling 7,107 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Valero Energy were worth $4,572,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VLO. EdgeRock Capital LLC purchased a new stake in shares of Valero Energy in the second quarter valued at $27,000. Lynx Investment Advisory purchased a new stake in shares of Valero Energy in the second quarter valued at $29,000. Summit Securities Group LLC purchased a new stake in shares of Valero Energy in the second quarter valued at $31,000. Rise Advisors LLC purchased a new stake in shares of Valero Energy in the first quarter valued at $33,000. Finally, Pathway Financial Advisers LLC purchased a new stake in shares of Valero Energy in the first quarter valued at $33,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Up 0.7 %

NYSE VLO opened at $136.76 on Thursday. 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 company has a market capitalization of $43.82 billion, a price-to-earnings ratio of 6.77, a price-to-earnings-growth ratio of 2.72 and a beta of 1.40. The company’s 50-day simple moving average is $145.85 and its two-hundred day simple moving average is $155.24. Valero Energy Co. has a one year low of $119.88 and a one year high of $184.79.

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 analysts’ consensus estimates of $2.60 by $0.11. The business had revenue of $34.49 billion for the quarter, compared to the consensus estimate of $32.97 billion. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $5.40 EPS. Equities analysts forecast that Valero Energy Co. will post 12.3 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 1st were given a dividend of $1.07 per share. 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 21.20%.

Wall Street Analyst Weigh In

VLO has been the topic of several recent analyst reports. Scotiabank increased their target price on shares of Valero Energy from $165.00 to $173.00 and gave the company a “sector outperform” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. decreased their price objective on shares of Valero Energy from $178.00 to $172.00 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. Barclays decreased their price objective on shares of Valero Energy from $171.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Wells Fargo & Company lifted their price objective 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, Wolfe Research started coverage on shares of Valero Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $177.00 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $171.36.

About Valero Energy

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.