Kathmere Capital Management LLC Has $535,000 Stock Holdings in Valero Energy Co. (NYSE:VLO)

Kathmere Capital Management LLC boosted its holdings in Valero Energy Co. (NYSE:VLO) by 22.8% in the second quarter, Holdings Channel reports. The institutional investor owned 3,415 shares of the oil and gas company’s stock after buying an additional 633 shares during the period. Kathmere Capital Management LLC’s holdings in Valero Energy were worth $535,000 at the end of the most recent quarter.

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

Valero Energy Stock Down 0.5 %

Shares of NYSE VLO opened at $135.97 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04. The company has a 50-day moving average price of $144.01 and a 200-day moving average price of $154.64. The stock has a market capitalization of $43.56 billion, a P/E ratio of 6.73, a P/E/G ratio of 3.08 and a beta of 1.40. Valero Energy Co. has a 1 year low of $119.88 and a 1 year high of $184.79.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (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 business had revenue of $34.49 billion during the quarter, compared to the consensus estimate of $32.97 billion. During the same quarter in the previous year, the business earned $5.40 EPS. The company’s quarterly revenue was down .1% on a year-over-year basis. On average, equities research analysts forecast that Valero Energy Co. will post 10.77 EPS for the current fiscal year.

Valero Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

VLO has been the topic of several analyst reports. Scotiabank upped their target price on Valero Energy from $165.00 to $173.00 and gave the company a “sector outperform” rating in a report on Friday, July 12th. Piper Sandler cut shares of Valero Energy from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $169.00 to $123.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. dropped their target price on shares of Valero Energy from $178.00 to $172.00 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd. StockNews.com downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Mizuho dropped their price objective on Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently 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.