OneAscent Wealth Management LLC Has $371,000 Position in Valero Energy Co. (NYSE:VLO)

OneAscent Wealth Management LLC increased its position in shares of Valero Energy Co. (NYSE:VLO) by 11.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,176 shares of the oil and gas company’s stock after purchasing an additional 222 shares during the period. OneAscent Wealth Management LLC’s holdings in Valero Energy were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Kathmere Capital Management LLC raised its holdings in Valero Energy by 21.1% in the 1st quarter. Kathmere Capital Management LLC now owns 2,782 shares of the oil and gas company’s stock valued at $475,000 after acquiring an additional 484 shares in the last quarter. Atlantic Union Bankshares Corp raised its holdings in Valero Energy by 21.0% in the 1st quarter. Atlantic Union Bankshares Corp now owns 12,548 shares of the oil and gas company’s stock valued at $2,142,000 after acquiring an additional 2,174 shares in the last quarter. Sendero Wealth Management LLC acquired a new position in Valero Energy in the 1st quarter valued at $210,000. Register Financial Advisors LLC acquired a new position in Valero Energy in the 1st quarter valued at $188,000. Finally, Fifth Third Wealth Advisors LLC raised its holdings in Valero Energy by 2.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,691 shares of the oil and gas company’s stock valued at $1,142,000 after acquiring an additional 155 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Valero Energy

In related news, Director Kimberly S. Greene sold 720 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $158.12, for a total transaction of $113,846.40. Following the sale, the director now owns 13,314 shares in the company, valued at approximately $2,105,209.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.04% of the stock is owned by corporate insiders.

Valero Energy Trading Up 1.8 %

Shares of NYSE VLO traded up $2.72 during trading on Friday, reaching $156.76. The company had a trading volume of 3,899,070 shares, compared to its average volume of 2,947,304. The company’s fifty day moving average price is $157.35 and its 200-day moving average price is $150.09. Valero Energy Co. has a 12 month low of $112.16 and a 12 month high of $184.79. The stock has a market cap of $51.26 billion, a P/E ratio of 7.76, a PEG ratio of 1.60 and a beta of 1.47. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $0.64. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The firm had revenue of $31.76 billion for the quarter, compared to analyst estimates of $32.02 billion. During the same quarter in the previous year, the company posted $8.27 EPS. The business’s revenue was down 12.8% on a year-over-year basis. As a group, research analysts expect that Valero Energy Co. will post 16.09 earnings per share for the current year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, May 30th were given a dividend of $1.07 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $4.28 annualized dividend and a dividend yield of 2.73%. Valero Energy’s payout ratio is 21.20%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on VLO shares. Barclays dropped their price objective on Valero Energy from $179.00 to $173.00 and set an “overweight” rating for the company in a report on Tuesday, April 30th. Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $156.00 to $210.00 in a report on Friday, March 15th. Scotiabank boosted their price target on Valero Energy from $138.00 to $165.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. Piper Sandler lowered their price target on Valero Energy from $187.00 to $169.00 and set an “overweight” rating for the company in a report on Friday, June 14th. Finally, UBS Group boosted their price target on Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $172.00.

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.