GWM Advisors LLC Sells 11,532 Shares of Valero Energy Co. (NYSE:VLO)

GWM Advisors LLC lowered its position in Valero Energy Co. (NYSE:VLO) by 58.7% in the second quarter, HoldingsChannel.com reports. The fund owned 8,127 shares of the oil and gas company’s stock after selling 11,532 shares during the quarter. GWM Advisors LLC’s holdings in Valero Energy were worth $696,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Valero Energy by 1.2% in the first quarter. FMR LLC now owns 11,136,474 shares of the oil and gas company’s stock valued at $944,707,000 after purchasing an additional 127,138 shares in the last quarter. LSV Asset Management increased its holdings in shares of Valero Energy by 3.3% in the first quarter. LSV Asset Management now owns 7,361,348 shares of the oil and gas company’s stock valued at $624,463,000 after purchasing an additional 233,009 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Valero Energy by 12.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 3,260,595 shares of the oil and gas company’s stock valued at $276,595,000 after purchasing an additional 353,355 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Valero Energy by 8.4% in the first quarter. Wells Fargo & Company MN now owns 2,640,259 shares of the oil and gas company’s stock valued at $223,973,000 after purchasing an additional 204,848 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Valero Energy by 29.3% in the second quarter. Janus Henderson Group PLC now owns 2,495,692 shares of the oil and gas company’s stock valued at $213,658,000 after purchasing an additional 564,854 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.

VLO opened at $79.02 on Thursday. The company has a fifty day moving average price of $81.60 and a two-hundred day moving average price of $82.77. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.42. Valero Energy Co. has a 52 week low of $68.81 and a 52 week high of $122.42. The firm has a market capitalization of $33.03 billion, a PE ratio of 10.72, a P/E/G ratio of 1.92 and a beta of 1.48.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, July 25th. The oil and gas company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.14. Valero Energy had a net margin of 2.27% and a return on equity of 11.31%. The firm had revenue of $28.93 billion during the quarter, compared to analyst estimates of $25.45 billion. During the same quarter in the previous year, the business earned $2.15 EPS. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. Equities analysts forecast that Valero Energy Co. will post 5.2 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 6th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend is Monday, August 5th. Valero Energy’s dividend payout ratio is presently 48.85%.

VLO has been the subject of a number of research reports. Wells Fargo & Co set a $107.00 price target on shares of Valero Energy and gave the company a “buy” rating in a report on Friday, July 26th. Raymond James raised their price target on shares of Valero Energy from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, April 26th. JPMorgan Chase & Co. raised shares of Valero Energy from a “neutral” rating to an “overweight” rating and raised their price target for the company from $102.00 to $105.00 in a report on Tuesday, May 14th. Goldman Sachs Group raised shares of Valero Energy from a “neutral” rating to a “buy” rating and lowered their price target for the company from $96.00 to $92.00 in a report on Thursday, June 6th. Finally, ValuEngine lowered shares of Valero Energy from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $105.47.

About Valero Energy

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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