Strategic Global Advisors LLC reduced its holdings in Valero Energy Co. (NYSE:VLO) by 79.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,936 shares of the oil and gas company’s stock after selling 26,958 shares during the period. Strategic Global Advisors LLC’s holdings in Valero Energy were worth $594,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also bought and sold shares of the company. Advisory Alpha LLC purchased a new position in Valero Energy during the first quarter worth $27,000. Archford Capital Strategies LLC boosted its holdings in Valero Energy by 122.7% during the 2nd quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 200 shares during the period. Titan Capital Management LLC CA purchased a new stake in Valero Energy in the second quarter worth $32,000. NuWave Investment Management LLC grew its holdings in shares of Valero Energy by 1,107.7% in the second quarter. NuWave Investment Management LLC now owns 471 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 432 shares during the last quarter. Finally, Westside Investment Management Inc. purchased a new stake in Valero Energy in the 2nd quarter valued at about $40,000. Hedge funds and other institutional investors own 76.39% of the company’s stock.
NYSE VLO traded up $0.89 during midday trading on Wednesday, hitting $82.57. 225,526 shares of the company traded hands, compared to its average volume of 2,785,579. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.42 and a quick ratio of 0.92. The company has a market cap of $32.90 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 1.99 and a beta of 1.50. The company’s 50-day simple moving average is $78.64 and its 200-day simple moving average is $81.91. Valero Energy Co. has a 52 week low of $68.81 and a 52 week high of $120.72.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 6th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date was Monday, August 5th. Valero Energy’s payout ratio is currently 48.85%.
A number of analysts recently issued reports on the company. Goldman Sachs Group upgraded Valero Energy from a “neutral” rating to a “buy” rating and lowered their price target for the company from $96.00 to $92.00 in a report on Thursday, June 6th. ValuEngine lowered Valero Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. lowered their target price on Valero Energy from $96.00 to $83.00 and set an “overweight” rating for the company in a report on Tuesday. Royal Bank of Canada set a $98.00 price target on Valero Energy and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Wells Fargo & Co set a $107.00 price target on Valero Energy and gave the company a “buy” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $103.47.
Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.
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