Total Wealth Planning & Management Inc. Purchases 353 Shares of Valero Energy Corporation $VLO

Total Wealth Planning & Management Inc. grew its position in Valero Energy Corporation (NYSE:VLO) by 11.1% during the second quarter, HoldingsChannel.com reports. The firm owned 3,527 shares of the oil and gas company’s stock after buying an additional 353 shares during the quarter. Total Wealth Planning & Management Inc.’s holdings in Valero Energy were worth $474,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Broadway Wealth Solutions Inc. boosted its stake in shares of Valero Energy by 3.8% in the second quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock valued at $251,000 after buying an additional 69 shares during the period. Park Place Capital Corp boosted its stake in shares of Valero Energy by 21.8% in the second quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock valued at $58,000 after buying an additional 75 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Valero Energy by 1.4% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock valued at $732,000 after buying an additional 78 shares during the period. Summit Financial LLC boosted its stake in shares of Valero Energy by 4.6% in the first quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock valued at $239,000 after buying an additional 79 shares during the period. Finally, Keeley Teton Advisors LLC boosted its stake in shares of Valero Energy by 1.1% in the first quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock valued at $1,025,000 after buying an additional 81 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VLO has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Valero Energy from $151.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Valero Energy in a research note on Wednesday. Mizuho boosted their price target on Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Piper Sandler boosted their price target on Valero Energy from $171.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, September 11th. Finally, Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $168.07.

Valero Energy Stock Down 0.3%

Shares of VLO opened at $162.00 on Friday. Valero Energy Corporation has a 52 week low of $99.00 and a 52 week high of $178.43. The stock has a market capitalization of $50.33 billion, a price-to-earnings ratio of 67.50, a PEG ratio of 1.73 and a beta of 1.05. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. The stock has a fifty day moving average of $152.95 and a 200-day moving average of $137.74.

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

Valero Energy Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Thursday, July 31st. Valero Energy’s dividend payout ratio is presently 188.33%.

Valero Energy Company 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.