Valero Energy Co. (NYSE:VLO) Shares Purchased by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC boosted its holdings in Valero Energy Co. (NYSE:VLO) by 4.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,891 shares of the oil and gas company’s stock after acquiring an additional 661 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Valero Energy were worth $2,334,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on VLO. Mizuho lowered their price target on Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research report on Monday. The Goldman Sachs Group decreased their target price on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a report on Monday. JPMorgan Chase & Co. decreased their target price on Valero Energy from $178.00 to $172.00 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd. Wolfe Research initiated coverage on Valero Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $177.00 target price on the stock. Finally, Scotiabank lifted their target price on Valero Energy from $165.00 to $173.00 and gave the stock a “sector outperform” rating in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $171.36.

Valero Energy Stock Performance

Shares of Valero Energy stock opened at $135.85 on Wednesday. The stock has a market cap of $43.52 billion, a PE ratio of 6.73, a price-to-earnings-growth ratio of 2.72 and a beta of 1.40. The business has a fifty day simple moving average of $146.01 and a 200-day simple moving average of $155.37. 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 Co. has a 12 month low of $119.88 and a 12 month high of $184.79.

Valero Energy (NYSE:VLO) last released its quarterly earnings data 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. The firm had revenue of $34.49 billion during the quarter, compared to analysts’ expectations of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $5.40 earnings per share. On average, sell-side analysts anticipate that Valero Energy Co. will post 12.3 EPS for the current fiscal year.

Valero Energy Dividend Announcement

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

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.