Delos Wealth Advisors LLC Purchases 1,000 Shares of Valero Energy Co. (NYSE:VLO)

Delos Wealth Advisors LLC raised its position in Valero Energy Co. (NYSE:VLO) by 4,761.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,021 shares of the oil and gas company’s stock after buying an additional 1,000 shares during the quarter. Delos Wealth Advisors LLC’s holdings in Valero Energy were worth $160,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VLO. EdgeRock Capital LLC bought a new position in Valero Energy during the second quarter worth about $27,000. Lynx Investment Advisory purchased a new stake in shares of Valero Energy during the 2nd quarter valued at approximately $29,000. Pathway Financial Advisers LLC purchased a new position in Valero Energy in the 1st quarter valued at approximately $33,000. Rise Advisors LLC bought a new stake in Valero Energy during the 1st quarter valued at $33,000. Finally, Summit Securities Group LLC bought a new stake in Valero Energy during the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

NYSE:VLO opened at $134.46 on Friday. Valero Energy Co. has a 1-year low of $119.88 and a 1-year high of $184.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04. The business has a 50 day moving average of $145.42 and a 200 day moving average of $155.13. The company has a market capitalization of $43.97 billion, a price-to-earnings ratio of 6.66, a PEG ratio of 2.72 and a beta of 1.40.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.60 by $0.11. The firm had revenue of $34.49 billion for the quarter, compared to analysts’ expectations of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm earned $5.40 earnings per share. On average, sell-side analysts predict that Valero Energy Co. will post 12.3 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business 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. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Thursday, August 1st. Valero Energy’s dividend payout ratio (DPR) is presently 21.20%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. StockNews.com lowered Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Piper Sandler downgraded shares of Valero Energy from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $169.00 to $123.00 in a report on Friday. JPMorgan Chase & Co. reduced their price objective on shares of Valero Energy from $178.00 to $172.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. The Goldman Sachs Group cut their price target on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a report on Monday, September 16th. Finally, Wells Fargo & Company increased their price objective on Valero Energy from $165.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus price target of $168.07.

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.