Magnolia Capital Advisors LLC Makes New $3.28 Million Investment in Valero Energy Co. (NYSE:VLO)

Magnolia Capital Advisors LLC acquired a new stake in shares of Valero Energy Co. (NYSE:VLO) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 20,892 shares of the oil and gas company’s stock, valued at approximately $3,275,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. EdgeRock Capital LLC bought a new position in shares of Valero Energy during the second quarter worth $27,000. Lynx Investment Advisory purchased a new stake in Valero Energy in the 2nd quarter worth $29,000. Summit Securities Group LLC bought a new position in shares of Valero Energy during the 2nd quarter valued at about $31,000. Rise Advisors LLC purchased a new position in shares of Valero Energy during the first quarter valued at about $33,000. Finally, Pathway Financial Advisers LLC bought a new stake in shares of Valero Energy in the first quarter worth about $33,000. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

Shares of NYSE:VLO opened at $135.97 on Monday. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34. Valero Energy Co. has a 12 month low of $119.88 and a 12 month high of $184.79. The company has a market capitalization of $43.56 billion, a price-to-earnings ratio of 6.73, a PEG ratio of 3.31 and a beta of 1.40. The firm’s 50-day moving average is $144.01 and its 200 day moving average is $154.61.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 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 firm had revenue of $34.49 billion for the quarter, compared to analysts’ expectations of $32.97 billion. During the same quarter in the prior year, the firm posted $5.40 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. Research analysts predict that Valero Energy Co. will post 10.26 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 1st were given a dividend of $1.07 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $4.28 annualized dividend and a dividend yield of 3.15%. Valero Energy’s dividend payout ratio (DPR) is 21.20%.

Analyst Ratings Changes

A number of brokerages recently commented on VLO. Wells Fargo & Company increased their price target on Valero Energy from $165.00 to $172.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 3rd. Piper Sandler downgraded Valero Energy from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $169.00 to $123.00 in a research report on Friday, September 20th. Scotiabank boosted their price target on shares of Valero Energy from $165.00 to $173.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 12th. Mizuho decreased their price target on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Finally, Barclays dropped their price objective on shares of Valero Energy from $171.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.