Valero Energy Co. (NYSE:VLO) Stock Position Decreased by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. lowered its holdings in Valero Energy Co. (NYSE:VLO) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,844 shares of the oil and gas company’s stock after selling 187 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Valero Energy were worth $1,700,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MGO One Seven LLC increased its stake 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 valued at $2,159,000 after purchasing an additional 11,047 shares during the period. Manning & Napier Advisors LLC bought a new stake in Valero Energy during the second quarter worth approximately $15,945,000. CIBC Private Wealth Group LLC lifted its position in 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 purchasing an additional 5,209 shares during the period. Bollard Group LLC boosted its stake in Valero Energy by 0.8% during the 4th quarter. Bollard Group LLC now owns 58,968 shares of the oil and gas company’s stock valued at $7,666,000 after purchasing an additional 440 shares in the last quarter. Finally, Annex Advisory Services LLC increased its position in shares of Valero Energy by 12.7% during the 4th quarter. Annex Advisory Services LLC now owns 56,167 shares of the oil and gas company’s stock valued at $7,302,000 after purchasing an additional 6,332 shares during the period. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Down 3.0 %

Shares of Valero Energy stock opened at $134.46 on Monday. Valero Energy Co. has a 1 year low of $119.88 and a 1 year high of $184.79. The company has a market cap of $43.97 billion, a P/E ratio of 6.66, a P/E/G ratio of 2.72 and a beta of 1.40. 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 stock has a 50-day moving average price of $145.42 and a 200 day moving average price of $155.21.

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

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 1st were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Thursday, August 1st. Valero Energy’s dividend payout ratio (DPR) is presently 21.20%.

Analysts Set New Price Targets

VLO has been the topic of several research reports. The Goldman Sachs Group dropped their price target on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research report on Monday, September 16th. JPMorgan Chase & Co. cut their target price on shares of Valero Energy from $178.00 to $172.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. Piper Sandler cut shares of Valero Energy from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $169.00 to $123.00 in a report on Friday. Mizuho dropped their price target on Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. Finally, Wells Fargo & Company raised their price objective on Valero Energy from $165.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $168.07.

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.