HHM Wealth Advisors LLC Acquires 1,309 Shares of Valero Energy Co. (NYSE:VLO)

HHM Wealth Advisors LLC lifted its holdings in shares of Valero Energy Co. (NYSE:VLO) by 261.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,809 shares of the oil and gas company’s stock after purchasing an additional 1,309 shares during the period. HHM Wealth Advisors LLC’s holdings in Valero Energy were worth $284,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Collective Family Office LLC lifted its stake in shares of Valero Energy by 1.5% in the 1st quarter. Collective Family Office LLC now owns 4,040 shares of the oil and gas company’s stock valued at $690,000 after acquiring an additional 58 shares during the last quarter. Versant Capital Management Inc increased its stake in Valero Energy by 4.7% in the 1st quarter. Versant Capital Management Inc now owns 1,327 shares of the oil and gas company’s stock worth $227,000 after purchasing an additional 59 shares during the period. International Private Wealth Advisors LLC lifted its position in Valero Energy by 3.4% in the second quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock valued at $309,000 after purchasing an additional 65 shares during the last quarter. Aua Capital Management LLC boosted its stake in shares of Valero Energy by 3.1% during the first quarter. Aua Capital Management LLC now owns 2,261 shares of the oil and gas company’s stock valued at $386,000 after purchasing an additional 67 shares during the period. Finally, OmniStar Financial Group Inc. increased its stake in shares of Valero Energy by 1.6% in the second quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock worth $712,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays lowered their price objective on shares of Valero Energy from $171.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. StockNews.com lowered Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Wolfe Research started coverage on shares of Valero Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price objective for the company. Scotiabank lifted their target price on shares of Valero Energy from $165.00 to $173.00 and gave the company a “sector outperform” rating in a research note on Friday, July 12th. Finally, Piper Sandler reduced their price target on shares of Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus target price of $174.50.

Valero Energy Price Performance

Shares of VLO opened at $136.10 on Wednesday. The company has a market capitalization of $43.60 billion, a P/E ratio of 6.74, a price-to-earnings-growth ratio of 2.73 and a beta of 1.40. Valero Energy Co. has a twelve month low of $119.88 and a twelve month high of $184.79. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $147.87 and a 200 day moving average of $155.66.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.60 by $0.11. The firm had revenue of $34.49 billion during the quarter, compared to analysts’ expectations of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.40 earnings per share. As a group, equities research analysts anticipate that Valero Energy Co. will post 12.3 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 1st were issued a dividend of $1.07 per share. The ex-dividend date was Thursday, August 1st. This represents a $4.28 annualized dividend and a dividend yield of 3.14%. Valero Energy’s payout ratio is 21.20%.

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.