Valero Energy Co. (NYSE:VLO) Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC boosted its holdings in shares of Valero Energy Co. (NYSE:VLO) by 5.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 3,786 shares of the oil and gas company’s stock after buying an additional 203 shares during the quarter. Parallel Advisors LLC’s holdings in Valero Energy were worth $594,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Collective Family Office LLC increased its stake in Valero Energy by 1.5% during the first quarter. Collective Family Office LLC now owns 4,040 shares of the oil and gas company’s stock worth $690,000 after acquiring an additional 58 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Valero Energy by 4.7% in the first quarter. Versant Capital Management Inc now owns 1,327 shares of the oil and gas company’s stock valued at $227,000 after buying an additional 59 shares in the last quarter. International Private Wealth Advisors LLC grew its stake in shares of Valero Energy by 3.4% in the second quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock valued at $309,000 after buying an additional 65 shares in the last quarter. Aua Capital Management LLC grew its stake in shares of Valero Energy by 3.1% in the first quarter. Aua Capital Management LLC now owns 2,261 shares of the oil and gas company’s stock valued at $386,000 after buying an additional 67 shares in the last quarter. Finally, OmniStar Financial Group Inc. grew its stake in shares of Valero Energy by 1.6% in the second quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock valued at $712,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Up 1.6 %

VLO opened at $135.85 on Wednesday. The business’s 50-day simple moving average is $146.01 and its 200-day simple moving average is $155.37. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48. Valero Energy Co. has a one year low of $119.88 and a one year high of $184.79. The stock has a market capitalization of $44.42 billion, a P/E ratio of 6.73, a price-to-earnings-growth ratio of 2.73 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 (EPS) for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.40 EPS. Analysts anticipate that Valero Energy Co. will post 12.3 EPS for the current year.

Valero Energy Announces Dividend

The business also recently declared 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 yield of 3.15%. The ex-dividend date of this dividend was Thursday, August 1st. Valero Energy’s dividend payout ratio (DPR) is presently 21.20%.

Analyst Ratings Changes

VLO has been the subject of a number of research reports. Piper Sandler dropped their price objective on Valero Energy from $187.00 to $169.00 and set an “overweight” rating for the company in a research note on Friday, June 14th. Scotiabank lifted their price objective on Valero Energy from $165.00 to $173.00 and gave the company a “sector outperform” rating in a research note on Friday, July 12th. Wolfe Research began coverage on Valero Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price objective for the company. Mizuho decreased their target price on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a report on Monday. Finally, StockNews.com lowered Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus price target of $171.36.

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.