Valero Energy Co. (NYSE:VLO) Holdings Boosted by Alaethes Wealth LLC

Alaethes Wealth LLC lifted its stake in Valero Energy Co. (NYSE:VLO) by 1.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,322 shares of the oil and gas company’s stock after purchasing an additional 109 shares during the quarter. Alaethes Wealth LLC’s holdings in Valero Energy were worth $1,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new stake in Valero Energy during the second quarter valued at $27,000. Lynx Investment Advisory acquired a new position in Valero Energy in the second quarter worth approximately $29,000. Summit Securities Group LLC bought a new stake in Valero Energy in the second quarter worth $31,000. Rise Advisors LLC acquired a new position in Valero Energy during the first quarter worth $33,000. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Valero Energy in the first quarter worth about $33,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Down 3.1 %

Valero Energy stock opened at $134.39 on Friday. The company has a 50 day moving average of $145.42 and a 200-day moving average of $155.06. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34. Valero Energy Co. has a twelve month low of $119.88 and a twelve month high of $184.79. The stock has a market capitalization of $43.94 billion, a PE ratio of 6.66, a price-to-earnings-growth ratio of 2.72 and a beta of 1.40.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.11. The company 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 business’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $5.40 EPS. On average, equities research analysts anticipate that Valero Energy Co. will post 12.3 EPS for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 1st were paid a dividend of $1.07 per share. The ex-dividend date was Thursday, August 1st. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.18%. Valero Energy’s dividend payout ratio is 21.20%.

Analyst Ratings Changes

VLO has been the topic of a number of recent analyst reports. StockNews.com downgraded Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Wolfe Research started coverage on shares of Valero Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $177.00 target price for the company. Wells Fargo & Company boosted their price target on Valero Energy from $165.00 to $172.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 3rd. Mizuho reduced their price objective on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. Finally, Scotiabank boosted their price objective on Valero Energy from $165.00 to $173.00 and gave the company a “sector outperform” rating in a research report on Friday, July 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.07.

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.