Concurrent Investment Advisors LLC Acquires 1,589 Shares of Valero Energy Co. (NYSE:VLO)

Concurrent Investment Advisors LLC raised its holdings in shares of Valero Energy Co. (NYSE:VLO) by 35.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 6,115 shares of the oil and gas company’s stock after purchasing an additional 1,589 shares during the period. Concurrent Investment Advisors LLC’s holdings in Valero Energy were worth $959,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. EdgeRock Capital LLC purchased a new position in Valero Energy during the second quarter valued at approximately $27,000. Lynx Investment Advisory bought a new stake in Valero Energy during the 2nd quarter valued at $29,000. Pathway Financial Advisers LLC purchased a new position in shares of Valero Energy in the 1st quarter valued at $33,000. Rise Advisors LLC purchased a new position in shares of Valero Energy in the 1st quarter valued at $33,000. Finally, Summit Securities Group LLC bought a new position in shares of Valero Energy in the 2nd quarter worth $31,000. Institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Up 3.5 %

NYSE:VLO opened at $146.73 on Monday. The company has a market capitalization of $47.01 billion, a P/E ratio of 7.27, a PEG ratio of 2.85 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. Valero Energy Co. has a 12 month low of $119.88 and a 12 month high of $184.79. The firm has a fifty day simple moving average of $150.21 and a 200-day simple moving average of $155.71.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.60 by $0.11. The company had revenue of $34.49 billion during the quarter, compared to analyst estimates of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the business posted $5.40 EPS. On average, equities research analysts anticipate that Valero Energy Co. will post 12.86 earnings per share for the current year.

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st will be given a $1.07 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $4.28 dividend on an annualized basis and a yield of 2.92%. Valero Energy’s dividend payout ratio is currently 21.20%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Barclays dropped their price objective on Valero Energy from $171.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Mizuho upgraded shares of Valero Energy from a “neutral” rating to an “outperform” rating and raised their price target for the company from $165.00 to $175.00 in a report on Wednesday, July 17th. Piper Sandler reduced their price objective on shares of Valero Energy from $187.00 to $169.00 and set an “overweight” rating for the company in a research note on Friday, June 14th. StockNews.com downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Scotiabank lifted their price target on shares of Valero Energy from $165.00 to $173.00 and gave the stock a “sector outperform” rating in a report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $174.00.

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.