Pacer Advisors Inc. cut its stake in Valero Energy Co. (NYSE:VLO) by 32.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,459 shares of the oil and gas company’s stock after selling 26,296 shares during the period. Pacer Advisors Inc.’s holdings in Valero Energy were worth $3,262,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of VLO. Red Door Wealth Management LLC acquired a new stake in Valero Energy in the first quarter worth $25,000. Balentine LLC acquired a new stake in Valero Energy in the first quarter worth $25,000. Allworth Financial LP increased its position in Valero Energy by 70.4% in the first quarter. Allworth Financial LP now owns 569 shares of the oil and gas company’s stock worth $26,000 after buying an additional 235 shares during the period. Ballast Advisors LLC acquired a new position in shares of Valero Energy during the first quarter valued at $29,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Valero Energy during the first quarter valued at $36,000. 75.55% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:VLO opened at $56.23 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.31 and a debt-to-equity ratio of 0.54. Valero Energy Co. has a 1-year low of $31.00 and a 1-year high of $101.99. The firm has a market capitalization of $22.92 billion, a price-to-earnings ratio of 21.71 and a beta of 1.96. The stock has a fifty day simple moving average of $57.93 and a 200 day simple moving average of $63.78.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 4th will be given a $0.98 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.97%. Valero Energy’s dividend payout ratio (DPR) is 68.77%.
A number of research analysts have recently commented on VLO shares. Scotiabank lowered their price target on Valero Energy from $82.00 to $72.00 and set a “sector outperform” rating on the stock in a report on Monday, July 13th. Morgan Stanley lowered Valero Energy from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $85.00 to $70.00 in a report on Wednesday, July 8th. They noted that the move was a valuation call. Jefferies Financial Group raised Valero Energy from a “hold” rating to a “buy” rating and lowered their price target for the company from $65.00 to $62.00 in a report on Monday, July 20th. Wells Fargo & Co reissued a “buy” rating on shares of Valero Energy in a report on Thursday. Finally, Raymond James lowered their price target on Valero Energy from $73.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Valero Energy currently has a consensus rating of “Buy” and an average target price of $74.14.
About Valero Energy
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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