Family Firm Inc. acquired a new position in Valero Energy Co. (NYSE:VLO – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund acquired 738 shares of the oil and gas company’s stock, valued at approximately $116,000.
A number of other institutional investors and hedge funds have also bought and sold shares of VLO. Lynx Investment Advisory bought a new stake in shares of Valero Energy in the 2nd quarter valued at about $29,000. Rise Advisors LLC acquired a new position in shares of Valero Energy in the first quarter worth approximately $33,000. Pathway Financial Advisers LLC acquired a new position in shares of Valero Energy in the first quarter worth approximately $33,000. First Foundation Advisors bought a new stake in Valero Energy in the first quarter valued at approximately $37,000. Finally, LRI Investments LLC acquired a new stake in Valero Energy during the 1st quarter valued at approximately $39,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.
Valero Energy Stock Up 1.7 %
Shares of VLO stock traded up $2.44 during trading hours on Friday, reaching $145.87. The company had a trading volume of 1,523,954 shares, compared to its average volume of 2,482,840. The company has a market cap of $47.70 billion, a price-to-earnings ratio of 7.22, a price-to-earnings-growth ratio of 2.79 and a beta of 1.42. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04. Valero Energy Co. has a 12 month low of $119.88 and a 12 month high of $184.79. The business has a fifty day simple moving average of $151.01 and a 200-day simple moving average of $155.46.
Valero Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 1st will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Thursday, August 1st. Valero Energy’s payout ratio is 21.20%.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on VLO shares. Wolfe Research began coverage on shares of Valero Energy in a research report on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price target on the stock. Argus downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Barclays lowered their price objective on Valero Energy from $171.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Wells Fargo & Company raised their target price on Valero Energy from $156.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Finally, StockNews.com downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $174.00.
Get Our Latest Analysis on VLO
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.
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