Teamwork Financial Advisors LLC Reduces Holdings in Valero Energy Co. (NYSE:VLO)

Teamwork Financial Advisors LLC cut its position in shares of Valero Energy Co. (NYSE:VLO) by 85.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,498 shares of the oil and gas company’s stock after selling 8,601 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Valero Energy were worth $256,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cutter & CO Brokerage Inc. grew its holdings in shares of Valero Energy by 2.4% during the fourth quarter. Cutter & CO Brokerage Inc. now owns 4,981 shares of the oil and gas company’s stock worth $648,000 after buying an additional 116 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Valero Energy by 5.8% in the third quarter. Deutsche Bank AG now owns 1,005,346 shares of the oil and gas company’s stock worth $142,468,000 after acquiring an additional 55,351 shares during the last quarter. Stiles Financial Services Inc boosted its position in shares of Valero Energy by 49.7% in the fourth quarter. Stiles Financial Services Inc now owns 7,615 shares of the oil and gas company’s stock worth $991,000 after acquiring an additional 2,529 shares during the last quarter. MGO One Seven LLC boosted its position in shares of Valero Energy by 198.8% in the fourth quarter. MGO One Seven LLC now owns 16,605 shares of the oil and gas company’s stock worth $2,159,000 after acquiring an additional 11,047 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Valero Energy by 14.0% in the fourth quarter. Pacer Advisors Inc. now owns 2,788,994 shares of the oil and gas company’s stock worth $362,569,000 after acquiring an additional 342,218 shares during the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Trading Up 0.3 %

NYSE VLO opened at $158.50 on Friday. The company’s fifty day simple moving average is $156.66 and its 200-day simple moving average is $150.99. Valero Energy Co. has a 52 week low of $112.16 and a 52 week high of $184.79. The company has a current ratio of 1.59, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. The stock has a market cap of $51.83 billion, a P/E ratio of 7.85, a PEG ratio of 1.64 and a beta of 1.42.

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

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors 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 dividend on an annualized basis and a dividend yield of 2.70%. Valero Energy’s dividend payout ratio (DPR) is presently 21.20%.

Insider Buying and Selling

In related news, Director Kimberly S. Greene sold 720 shares of Valero Energy stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $158.12, for a total value of $113,846.40. Following the completion of the sale, the director now owns 13,314 shares in the company, valued at $2,105,209.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of Valero Energy from $184.00 to $179.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 6th. TD Cowen decreased their target price on shares of Valero Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Piper Sandler decreased 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. Citigroup lifted their price target on shares of Valero Energy from $160.00 to $192.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, Barclays reduced their price target on shares of Valero Energy from $173.00 to $171.00 and set an “overweight” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and an average target price of $171.47.

About Valero Energy

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.