Amalgamated Bank Sells 4,103 Shares of Valero Energy Co. (NYSE:VLO)

Amalgamated Bank trimmed its holdings in shares of Valero Energy Co. (NYSE:VLO) by 5.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,952 shares of the oil and gas company’s stock after selling 4,103 shares during the quarter. Amalgamated Bank’s holdings in Valero Energy were worth $10,339,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in VLO. Mercer Global Advisors Inc. ADV boosted its position in shares of Valero Energy by 26.2% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 80,124 shares of the oil and gas company’s stock valued at $12,543,000 after acquiring an additional 16,654 shares during the last quarter. SYSTM Wealth Solutions LLC lifted its position in Valero Energy by 4.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 14,891 shares of the oil and gas company’s stock valued at $2,334,000 after purchasing an additional 661 shares during the last quarter. Pekin Hardy Strauss Inc. grew its stake in Valero Energy by 1.5% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 6,960 shares of the oil and gas company’s stock worth $1,091,000 after buying an additional 100 shares in the last quarter. Lmcg Investments LLC raised its position in shares of Valero Energy by 9.4% during the 2nd quarter. Lmcg Investments LLC now owns 81,189 shares of the oil and gas company’s stock valued at $12,727,000 after buying an additional 6,969 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its holdings in shares of Valero Energy by 82.6% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 2,706 shares of the oil and gas company’s stock worth $424,000 after acquiring an additional 1,224 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Price Performance

VLO stock opened at $136.76 on Thursday. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average price is $145.85 and its two-hundred day moving average price is $155.24. The stock has a market capitalization of $43.82 billion, a price-to-earnings ratio of 6.77, a PEG ratio of 2.72 and a beta of 1.40. Valero Energy Co. has a 12-month low of $119.88 and a 12-month high of $184.79.

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

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Thursday, August 1st. Valero Energy’s payout ratio is 21.20%.

Analysts Set New Price Targets

VLO has been the topic of a number of research analyst reports. Piper Sandler reduced their target price on Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. Wells Fargo & Company increased their price objective on Valero Energy from $165.00 to $172.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 3rd. Mizuho cut their target price on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research note on Monday. Wolfe Research began coverage on shares of Valero Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $177.00 price target on the stock. Finally, The Goldman Sachs Group cut their price objective on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $171.36.

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.