Evolve Private Wealth LLC Sells 6,707 Shares of Valero Energy Corporation $VLO

Evolve Private Wealth LLC decreased its stake in shares of Valero Energy Corporation (NYSE:VLO) by 28.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 16,899 shares of the oil and gas company’s stock after selling 6,707 shares during the period. Evolve Private Wealth LLC’s holdings in Valero Energy were worth $4,401,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in VLO. Woodline Partners LP increased its stake in Valero Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 26,747 shares of the oil and gas company’s stock worth $3,532,000 after acquiring an additional 7,735 shares during the last quarter. Sivia Capital Partners LLC raised its stake in Valero Energy by 13.0% in the second quarter. Sivia Capital Partners LLC now owns 1,929 shares of the oil and gas company’s stock valued at $259,000 after purchasing an additional 222 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in Valero Energy during the second quarter valued at approximately $528,000. Sei Investments Co. grew its stake in Valero Energy by 11.3% in the 2nd quarter. Sei Investments Co. now owns 269,043 shares of the oil and gas company’s stock worth $36,165,000 after buying an additional 27,291 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Valero Energy by 0.9% in the 2nd quarter. Treasurer of the State of North Carolina now owns 145,810 shares of the oil and gas company’s stock worth $19,600,000 after buying an additional 1,338 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Insider Activity

In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $268.17, for a total value of $2,011,275.00. Following the completion of the transaction, the senior vice president owned 19,742 shares in the company, valued at approximately $5,294,212.14. This represents a 27.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is owned by corporate insiders.

Valero Energy Trading Up 2.3%

Shares of VLO opened at $349.27 on Friday. The stock has a market capitalization of $100.57 billion, a P/E ratio of 14.49, a PEG ratio of 0.23 and a beta of 0.55. Valero Energy Corporation has a twelve month low of $140.13 and a twelve month high of $352.70. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $292.93 and a two-hundred day simple moving average of $253.69.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 EPS for the quarter, beating the consensus estimate of $10.11 by $2.43. The firm had revenue of $44.48 billion during the quarter, compared to the consensus estimate of $39.47 billion. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The company’s quarterly revenue was up 48.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.28 earnings per share. On average, research analysts anticipate that Valero Energy Corporation will post 40.62 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, July 31st will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.4%. Valero Energy’s payout ratio is presently 19.92%.

Analysts Set New Price Targets

VLO has been the subject of several research reports. Weiss Ratings upgraded shares of Valero Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 6th. The Goldman Sachs Group boosted their price objective on shares of Valero Energy from $286.00 to $357.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Barclays upped their price objective on shares of Valero Energy from $279.00 to $323.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. UBS Group increased their target price on shares of Valero Energy from $280.00 to $355.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Jefferies Financial Group set a $350.00 target price on shares of Valero Energy in a research report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $288.00.

About Valero Energy

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.