Gentry Private Wealth LLC Takes Position in Valero Energy Co. (NYSE:VLO)

Gentry Private Wealth LLC purchased a new stake in shares of Valero Energy Co. (NYSE:VLO) during the second quarter, Holdings Channel reports. The institutional investor purchased 2,409 shares of the oil and gas company’s stock, valued at approximately $378,000.

A number of other institutional investors and hedge funds have also modified their holdings of VLO. MGO One Seven LLC boosted its position in Valero Energy by 198.8% during the fourth quarter. MGO One Seven LLC now owns 16,605 shares of the oil and gas company’s stock valued at $2,159,000 after purchasing an additional 11,047 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its position in Valero Energy by 214.4% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 14,475 shares of the oil and gas company’s stock valued at $1,882,000 after purchasing an additional 9,871 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in Valero Energy during the second quarter valued at $15,945,000. CIBC Private Wealth Group LLC lifted its position in shares of Valero Energy by 62.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 13,586 shares of the oil and gas company’s stock worth $1,766,000 after buying an additional 5,209 shares during the last quarter. Finally, Bollard Group LLC lifted its position in shares of Valero Energy by 0.8% in the fourth quarter. Bollard Group LLC now owns 58,968 shares of the oil and gas company’s stock worth $7,666,000 after buying an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Down 1.0 %

Shares of VLO opened at $134.20 on Friday. Valero Energy Co. has a 12-month low of $119.88 and a 12-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 market capitalization of $42.99 billion, a price-to-earnings ratio of 6.65, a P/E/G ratio of 2.72 and a beta of 1.40. The stock’s 50-day moving average price is $148.79 and its 200 day moving average price is $155.47.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.60 by $0.11. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The firm had revenue of $34.49 billion for the quarter, compared to analyst estimates of $32.97 billion. During the same period in the previous year, the company posted $5.40 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. As a group, research analysts predict that Valero Energy Co. will post 12.86 earnings per share for the current year.

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st were paid a $1.07 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $4.28 dividend on an annualized basis and a yield of 3.19%. Valero Energy’s payout ratio is currently 21.20%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VLO. Piper Sandler reduced their price target on Valero Energy from $187.00 to $169.00 and set an “overweight” rating for the company in a research report on Friday, June 14th. Mizuho raised Valero Energy from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $165.00 to $175.00 in a research report on Wednesday, July 17th. Scotiabank boosted their price target on Valero Energy from $165.00 to $173.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 12th. StockNews.com cut Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. reduced their price target on Valero Energy from $178.00 to $172.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $174.50.

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.