Delos Wealth Advisors LLC Increases Holdings in Valero Energy Co. (NYSE:VLO)

Delos Wealth Advisors LLC raised its holdings in Valero Energy Co. (NYSE:VLO) by 4,761.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,021 shares of the oil and gas company’s stock after buying an additional 1,000 shares during the quarter. Delos Wealth Advisors LLC’s holdings in Valero Energy were worth $160,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in VLO. Collective Family Office LLC grew its holdings in shares of Valero Energy by 1.5% in the first quarter. Collective Family Office LLC now owns 4,040 shares of the oil and gas company’s stock worth $690,000 after acquiring an additional 58 shares during the period. Versant Capital Management Inc increased its position in shares of Valero Energy by 4.7% during the 1st quarter. Versant Capital Management Inc now owns 1,327 shares of the oil and gas company’s stock valued at $227,000 after purchasing an additional 59 shares during the last quarter. International Private Wealth Advisors LLC lifted its stake in shares of Valero Energy by 3.4% in the 2nd quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock worth $309,000 after purchasing an additional 65 shares during the period. Aua Capital Management LLC boosted its holdings in shares of Valero Energy by 3.1% in the first quarter. Aua Capital Management LLC now owns 2,261 shares of the oil and gas company’s stock worth $386,000 after buying an additional 67 shares during the last quarter. Finally, OmniStar Financial Group Inc. grew its position in Valero Energy by 1.6% during the second quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock valued at $712,000 after buying an additional 70 shares during the period. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Performance

VLO opened at $134.46 on Friday. The stock has a market capitalization of $43.97 billion, a price-to-earnings ratio of 6.66, a PEG ratio of 2.72 and a beta of 1.40. Valero Energy Co. has a fifty-two week low of $119.88 and a fifty-two week high of $184.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48. The company has a fifty day moving average of $145.42 and a 200 day moving average of $155.13.

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

Valero Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Piper Sandler downgraded shares of Valero Energy from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $169.00 to $123.00 in a research report on Friday. The Goldman Sachs Group lowered their target price on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research report on Monday, September 16th. Mizuho reduced their price target on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. JPMorgan Chase & Co. lowered their price objective on Valero Energy from $178.00 to $172.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 2nd. Finally, Wells Fargo & Company boosted their price objective 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.07.

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.