Checchi Capital Advisers LLC Sells 872 Shares of Valero Energy Corporation $VLO

Checchi Capital Advisers LLC lessened its holdings in Valero Energy Corporation (NYSE:VLO) by 14.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,142 shares of the oil and gas company’s stock after selling 872 shares during the period. Checchi Capital Advisers LLC’s holdings in Valero Energy were worth $691,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VLO. Price T Rowe Associates Inc. MD increased its position in Valero Energy by 276.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock worth $1,425,754,000 after purchasing an additional 7,931,018 shares during the last quarter. Vanguard Group Inc. increased its position in Valero Energy by 12.0% during the first quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock valued at $5,135,043,000 after acquiring an additional 4,155,522 shares during the last quarter. Nuveen LLC bought a new position in Valero Energy during the first quarter valued at $529,864,000. Invesco Ltd. boosted its stake in shares of Valero Energy by 34.1% during the first quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock valued at $647,823,000 after purchasing an additional 1,247,196 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Valero Energy by 6.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock valued at $1,510,586,000 after purchasing an additional 736,533 shares during the period. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on VLO shares. Wells Fargo & Company boosted their target price on shares of Valero Energy from $151.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Raymond James Financial boosted their target price on shares of Valero Energy from $170.00 to $177.00 and gave the company a “strong-buy” rating in a research note on Tuesday, September 9th. Evercore ISI boosted their target price on shares of Valero Energy from $135.00 to $185.00 and gave the company an “in-line” rating in a research note on Friday, September 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a research note on Saturday, September 27th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.07.

Valero Energy Price Performance

Shares of NYSE:VLO opened at $160.37 on Monday. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43. The company’s 50 day moving average is $151.24 and its 200 day moving average is $136.96. The company has a market cap of $49.82 billion, a PE ratio of 66.82, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, topping the consensus estimate of $1.66 by $0.62. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $27 billion. During the same quarter in the prior year, the firm posted $2.71 EPS. The business’s quarterly revenue was down 13.3% compared to the same quarter last year. On average, sell-side analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, July 31st. Valero Energy’s dividend payout ratio is currently 188.33%.

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.