EverSource Wealth Advisors LLC Purchases 1,265 Shares of Valero Energy Co. (NYSE:VLO)

EverSource Wealth Advisors LLC lifted its position in shares of Valero Energy Co. (NYSE:VLO) by 27.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,938 shares of the oil and gas company’s stock after acquiring an additional 1,265 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Valero Energy were worth $960,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VLO. 9258 Wealth Management LLC raised its position in shares of Valero Energy by 7.2% during the fourth quarter. 9258 Wealth Management LLC now owns 1,704 shares of the oil and gas company’s stock worth $222,000 after acquiring an additional 114 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Valero Energy by 9.3% during the fourth quarter. Orion Portfolio Solutions LLC now owns 18,171 shares of the oil and gas company’s stock worth $2,349,000 after purchasing an additional 1,539 shares during the period. Advisory Services Network LLC grew its stake in shares of Valero Energy by 4.5% during the fourth quarter. Advisory Services Network LLC now owns 34,941 shares of the oil and gas company’s stock worth $4,542,000 after purchasing an additional 1,499 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Valero Energy by 4.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 130,007 shares of the oil and gas company’s stock worth $16,901,000 after purchasing an additional 6,110 shares during the period. Finally, Johnson Financial Group Inc. grew its stake in shares of Valero Energy by 174.3% during the fourth quarter. Johnson Financial Group Inc. now owns 2,727 shares of the oil and gas company’s stock worth $355,000 after purchasing an additional 1,733 shares during the period. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Down 3.0 %

VLO stock opened at $134.46 on Monday. 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 stock has a market capitalization of $43.97 billion, a P/E ratio of 6.66, a P/E/G ratio of 2.72 and a beta of 1.40. The business has a 50-day moving average of $145.42 and a 200-day moving average of $155.21. Valero Energy Co. has a fifty-two week low of $119.88 and a fifty-two week high of $184.79.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data 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 return on equity of 21.01% and a net margin of 4.25%. Valero Energy’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.40 earnings per share. On average, sell-side analysts anticipate that Valero Energy Co. will post 12.3 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Scotiabank lifted their price objective on Valero Energy from $165.00 to $173.00 and gave the stock a “sector outperform” rating in a research note on Friday, July 12th. Barclays decreased their price objective on Valero Energy from $171.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Mizuho decreased their price objective on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Wolfe Research assumed coverage on Valero Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $177.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their price objective on Valero Energy from $178.00 to $172.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.07.

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.