Valero Energy Co. (NYSE:VLO) Shares Bought by Creative Planning

Creative Planning grew its stake in shares of Valero Energy Co. (NYSE:VLO) by 10.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,476 shares of the oil and gas company’s stock after acquiring an additional 7,849 shares during the period. Creative Planning’s holdings in Valero Energy were worth $12,772,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Copperwynd Financial LLC raised its holdings in Valero Energy by 3.2% during the second quarter. Copperwynd Financial LLC now owns 5,933 shares of the oil and gas company’s stock worth $959,000 after purchasing an additional 184 shares during the last quarter. Ascent Group LLC increased its position in shares of Valero Energy by 19.1% in the second quarter. Ascent Group LLC now owns 4,735 shares of the oil and gas company’s stock valued at $742,000 after buying an additional 758 shares in the last quarter. Kathmere Capital Management LLC raised its stake in shares of Valero Energy by 22.8% during the 2nd quarter. Kathmere Capital Management LLC now owns 3,415 shares of the oil and gas company’s stock worth $535,000 after buying an additional 633 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Valero Energy by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,809,355 shares of the oil and gas company’s stock worth $440,394,000 after buying an additional 82,539 shares in the last quarter. Finally, MBB Public Markets I LLC acquired a new stake in Valero Energy in the 2nd quarter valued at about $8,096,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

NYSE VLO opened at $137.47 on Wednesday. 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 capitalization of $44.95 billion, a PE ratio of 6.81, a price-to-earnings-growth ratio of 3.31 and a beta of 1.40. The business’s 50-day moving average price is $143.54 and its 200 day moving average price is $154.25. Valero Energy Co. has a twelve month low of $119.88 and a twelve month high of $184.79.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.60 by $0.11. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The business had revenue of $34.49 billion for the quarter, compared to analysts’ expectations of $32.97 billion. During the same period last year, the company earned $5.40 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. On average, research analysts predict that Valero Energy Co. will post 10.26 earnings per share for the current year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st were given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Thursday, August 1st. Valero Energy’s dividend payout ratio (DPR) is currently 21.20%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on VLO shares. Piper Sandler cut shares of Valero Energy from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $169.00 to $123.00 in a research report on Friday, September 20th. Mizuho reduced their target price on Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. JPMorgan Chase & Co. dropped their price target on Valero Energy from $178.00 to $172.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Wolfe Research began coverage on Valero Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price target for the company. Finally, Barclays decreased their price objective on Valero Energy from $171.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.