Valero Energy Corporation $VLO Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC reduced its holdings in Valero Energy Corporation (NYSE:VLO) by 70.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,323 shares of the oil and gas company’s stock after selling 8,040 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Valero Energy were worth $447,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in VLO. Kestra Private Wealth Services LLC boosted 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 valued at $2,959,000 after purchasing an additional 3,503 shares in the last quarter. Hancock Whitney Corp boosted 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 valued at $6,138,000 after purchasing an additional 3,790 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Valero Energy during the 1st quarter valued at $766,000. FORA Capital LLC bought a new position in Valero Energy during the 1st quarter valued at $866,000. Finally, Dynamic Advisor Solutions LLC bought a new position in Valero Energy during the 1st quarter valued at $462,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays increased their price target on Valero Energy from $151.00 to $169.00 and gave the company an “overweight” rating in a research note on Tuesday. Morgan Stanley lowered Valero Energy from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $160.00 to $175.00 in a research note on Friday, October 3rd. Citigroup lowered Valero Energy from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $134.00 to $150.00 in a research note on Wednesday, July 16th. Wolfe Research lowered Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Finally, Raymond James Financial raised their price objective on Valero Energy from $170.00 to $177.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, September 9th. Two investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $168.07.

Valero Energy Stock Performance

VLO opened at $162.00 on Friday. The firm has a market cap of $50.33 billion, a PE ratio of 67.50, a P/E/G ratio of 1.73 and a beta of 1.05. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $152.95 and a 200-day simple moving average of $137.74. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $178.43.

Valero Energy (NYSE:VLO) last issued its earnings results 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. The business had revenue of $29.89 billion during the quarter, compared to analysts’ expectations of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.Valero Energy’s revenue was down 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.71 earnings per share. As a group, equities analysts predict that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, July 31st were given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, July 31st. Valero Energy’s dividend payout ratio (DPR) is 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.