Segment Wealth Management LLC Trims Stake in Valero Energy Corporation $VLO

Segment Wealth Management LLC lessened its position in Valero Energy Corporation (NYSE:VLO) by 3.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,947 shares of the oil and gas company’s stock after selling 155 shares during the quarter. Segment Wealth Management LLC’s holdings in Valero Energy were worth $665,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. River Street Advisors LLC lifted its holdings in shares of Valero Energy by 1.9% in the 2nd quarter. River Street Advisors LLC now owns 11,658 shares of the oil and gas company’s stock worth $1,567,000 after acquiring an additional 219 shares during the last quarter. Trinity Legacy Partners LLC lifted its holdings in shares of Valero Energy by 0.9% in the 2nd quarter. Trinity Legacy Partners LLC now owns 25,009 shares of the oil and gas company’s stock worth $3,581,000 after acquiring an additional 216 shares during the last quarter. Hilltop National Bank bought a new stake in shares of Valero Energy in the 2nd quarter worth about $219,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Valero Energy by 9.3% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 334,029 shares of the oil and gas company’s stock worth $44,900,000 after acquiring an additional 28,356 shares during the last quarter. Finally, Consolidated Planning Corp bought a new stake in shares of Valero Energy in the 2nd quarter worth about $339,000. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

VLO stock opened at $160.37 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. The business has a 50-day moving average price of $151.24 and a 200 day moving average price of $136.94. The company has a market capitalization of $49.82 billion, a P/E ratio of 66.82, a PEG ratio of 1.69 and a beta of 1.05. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $178.43.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.62. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The firm’s quarterly revenue was down 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.71 earnings per share. As a group, equities research analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on VLO shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Valero Energy in a research report on Saturday, September 27th. Piper Sandler lifted their target price on Valero Energy from $171.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, September 11th. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Morgan Stanley downgraded Valero Energy from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $160.00 to $175.00 in a research report on Friday. Finally, Wells Fargo & Company lifted their target price on Valero Energy from $151.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $166.07.

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.