Regal Investment Advisors LLC Decreases Stock Holdings in Valero Energy Co. (NYSE:VLO)

Regal Investment Advisors LLC lessened its stake in Valero Energy Co. (NYSE:VLO) by 5.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,421 shares of the oil and gas company’s stock after selling 76 shares during the period. Regal Investment Advisors LLC’s holdings in Valero Energy were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in VLO. EdgeRock Capital LLC bought a new position in shares of Valero Energy during the 2nd quarter worth approximately $27,000. Lynx Investment Advisory acquired a new position in shares of Valero Energy during the second quarter worth $29,000. Pathway Financial Advisers LLC purchased a new stake in shares of Valero Energy during the 1st quarter valued at $33,000. Rise Advisors LLC acquired a new stake in shares of Valero Energy in the 1st quarter worth $33,000. Finally, Summit Securities Group LLC purchased a new position in Valero Energy during the 2nd quarter worth $31,000. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Stock Down 1.4 %

Valero Energy stock opened at $135.61 on Thursday. Valero Energy Co. has a 52 week low of $119.88 and a 52 week high of $184.79. The firm has a market cap of $44.34 billion, a price-to-earnings ratio of 6.72, a price-to-earnings-growth ratio of 3.31 and a beta of 1.40. The business’s 50-day moving average price is $143.27 and its 200 day moving average price is $154.12. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.60 by $0.11. The firm had revenue of $34.49 billion during the quarter, compared to analyst estimates of $32.97 billion. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $5.40 EPS. As a group, sell-side analysts anticipate that Valero Energy Co. will post 10.26 earnings per share for the current year.

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 1st were paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Thursday, August 1st. Valero Energy’s payout ratio is currently 21.20%.

Wall Street Analyst Weigh In

VLO has been the subject of several recent analyst reports. Scotiabank raised their price target on Valero Energy from $165.00 to $173.00 and gave the stock a “sector outperform” rating in a report on Friday, July 12th. Wolfe Research began coverage on shares of Valero Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $177.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a report on Wednesday. Mizuho dropped their price objective on shares of 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 upped their target price 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and an average price target of $165.21.

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.