TFG Advisers LLC Trims Holdings in Valero Energy Corporation $VLO

TFG Advisers LLC reduced its stake in Valero Energy Corporation (NYSE:VLO) by 2.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,229 shares of the oil and gas company’s stock after selling 119 shares during the quarter. TFG Advisers LLC’s holdings in Valero Energy were worth $569,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Wayfinding Financial LLC purchased a new stake in Valero Energy in the 1st quarter worth $26,000. Hoey Investments Inc. bought a new stake in Valero Energy in the second quarter worth about $26,000. Hazlett Burt & Watson Inc. increased its position in shares of Valero Energy by 156.6% during the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 130 shares during the period. Hemington Wealth Management increased its position in shares of Valero Energy by 39.9% during the first quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 95 shares during the period. Finally, Ransom Advisory Ltd purchased a new position in Valero Energy during the first quarter valued at approximately $43,000. 78.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VLO has been the subject of several research reports. Wells Fargo & Company lifted their price objective on shares of Valero Energy from $151.00 to $168.00 and gave the stock 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 upped their price objective for the company from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Mizuho upped their price objective on shares of Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Piper Sandler increased their target price on shares of Valero Energy from $171.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, September 11th. Finally, Wolfe Research downgraded shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $165.00.

Valero Energy Trading Down 1.5%

NYSE VLO opened at $167.63 on Thursday. The company has a market capitalization of $52.07 billion, a price-to-earnings ratio of 69.84, a price-to-earnings-growth ratio of 1.79 and a beta of 1.05. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $178.43. The company’s fifty day moving average price is $150.40 and its two-hundred day moving average price is $136.51. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11.

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

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were paid a dividend of $1.13 per share. The ex-dividend date was Thursday, July 31st. This represents a $4.52 dividend on an annualized basis and a yield of 2.7%. Valero Energy’s 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.