OneAscent Financial Services LLC Sells 325 Shares of Valero Energy Co. (NYSE:VLO)

OneAscent Financial Services LLC decreased its holdings in Valero Energy Co. (NYSE:VLO) by 11.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,481 shares of the oil and gas company’s stock after selling 325 shares during the quarter. OneAscent Financial Services LLC’s holdings in Valero Energy were worth $423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. OneAscent Wealth Management LLC lifted its stake in shares of Valero Energy by 11.4% in the first quarter. OneAscent Wealth Management LLC now owns 2,176 shares of the oil and gas company’s stock worth $371,000 after acquiring an additional 222 shares during the period. Kathmere Capital Management LLC boosted its stake in shares of 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 purchasing an additional 484 shares during the last quarter. Atlantic Union Bankshares Corp increased its position in shares of Valero Energy by 21.0% during the first quarter. Atlantic Union Bankshares Corp now owns 12,548 shares of the oil and gas company’s stock worth $2,142,000 after buying an additional 2,174 shares during the period. Sendero Wealth Management LLC bought a new position in Valero Energy during the first quarter worth $210,000. Finally, Register Financial Advisors LLC acquired a new position in Valero Energy in the first quarter valued at $188,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Valero Energy

In other Valero Energy 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 value of $113,846.40. Following the transaction, the director now directly owns 13,314 shares in the company, valued at approximately $2,105,209.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Valero Energy Stock Performance

VLO traded up $2.72 during midday 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. Valero Energy Co. has a 12-month low of $112.16 and a 12-month high of $184.79. The business has a 50-day moving average price of $157.35 and a two-hundred day moving average price of $150.09. The stock has a market cap of $51.26 billion, a PE ratio of 7.76, a P/E/G ratio of 1.60 and a beta of 1.47. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.59.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.64. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The business had revenue of $31.76 billion during the quarter, compared to analyst estimates of $32.02 billion. During the same period in the prior year, the company earned $8.27 earnings per share. Valero Energy’s revenue was down 12.8% compared to the same quarter last year. On average, sell-side analysts expect that Valero Energy Co. will post 16.09 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, May 30th were paid a $1.07 dividend. 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%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VLO. Citigroup boosted their price objective on Valero Energy from $160.00 to $192.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. increased their price target on Valero Energy from $177.00 to $178.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Piper Sandler dropped their target price 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. Mizuho reduced their price target on shares of Valero Energy from $176.00 to $171.00 and set a “neutral” rating for the company in a report on Thursday, June 20th. Finally, StockNews.com lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Sunday, June 23rd. One equities 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 issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $172.00.

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.