Texas Yale Capital Corp. Reduces Position in Valero Energy Corporation $VLO

Texas Yale Capital Corp. decreased its position in shares of Valero Energy Corporation (NYSE:VLO) by 9.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,370 shares of the oil and gas company’s stock after selling 5,400 shares during the quarter. Texas Yale Capital Corp.’s holdings in Valero Energy were worth $6,636,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC increased its stake in Valero Energy by 18.5% during the 1st quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company’s stock worth $2,959,000 after buying an additional 3,503 shares in the last quarter. Hancock Whitney Corp increased its stake in Valero Energy by 8.9% during the 1st quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock worth $6,138,000 after buying an additional 3,790 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of Valero Energy during the first quarter worth about $766,000. FORA Capital LLC acquired a new position in shares of Valero Energy during the 1st quarter worth about $866,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Valero Energy by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 560,495 shares of the oil and gas company’s stock worth $74,025,000 after purchasing an additional 56,274 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wall Street Zen raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, October 25th. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Mizuho boosted their price target on shares of Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Valero Energy in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group boosted their target price on shares of Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and a consensus price target of $179.27.

Valero Energy Price Performance

Shares of VLO opened at $176.28 on Friday. The firm has a market capitalization of $53.77 billion, a PE ratio of 36.80, a P/E/G ratio of 1.77 and a beta of 1.01. The stock has a 50 day simple moving average of $163.87 and a 200 day simple moving average of $144.65. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.60. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $179.10.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.51. The firm had revenue of $32.17 billion for the quarter, compared to the consensus estimate of $28.80 billion. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The business’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 earnings per share. Sell-side analysts predict that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, November 20th will be issued a dividend of $1.13 per share. The ex-dividend date is Thursday, November 20th. This represents a $4.52 annualized dividend and a yield of 2.6%. Valero Energy’s payout ratio is 94.36%.

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.