Valero Energy Corporation (NYSE:VLO) Shares Sold by MGO One Seven LLC

MGO One Seven LLC lessened its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 4.9% in the first quarter, Holdings Channel reports. The firm owned 22,205 shares of the oil and gas company’s stock after selling 1,132 shares during the period. MGO One Seven LLC’s holdings in Valero Energy were worth $2,933,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wayfinding Financial LLC acquired a new stake in Valero Energy in the first quarter valued at approximately $26,000. Hazlett Burt & Watson Inc. grew its position in Valero Energy by 156.6% in the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 130 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in Valero Energy in the fourth quarter valued at approximately $29,000. Iron Horse Wealth Management LLC acquired a new stake in Valero Energy in the first quarter valued at approximately $44,000. Finally, Transce3nd LLC acquired a new stake in Valero Energy in the fourth quarter valued at approximately $58,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

VLO has been the subject of several recent research reports. The Goldman Sachs Group raised shares of Valero Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $127.00 to $154.00 in a research report on Tuesday, May 13th. Citigroup downgraded shares of Valero Energy from a “buy” rating to a “neutral” rating and increased their price objective for the company from $134.00 to $150.00 in a research report on Wednesday, July 16th. JPMorgan Chase & Co. lowered their price objective on shares of Valero Energy from $152.00 to $147.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Wolfe Research cut Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Finally, Scotiabank reduced their target price on Valero Energy from $156.00 to $136.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $154.47.

Valero Energy Stock Performance

Shares of VLO opened at $137.11 on Friday. The business’s fifty day moving average price is $138.51 and its 200 day moving average price is $131.18. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $167.78. The stock has a market capitalization of $42.94 billion, a PE ratio of 57.13, a price-to-earnings-growth ratio of 3.26 and a beta of 1.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.62. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%. The firm had revenue of $29.89 billion for the quarter, compared to analysts’ expectations of $27 billion. During the same period last year, the business posted $2.71 earnings per share. The firm’s revenue for the quarter was down 13.3% on a year-over-year basis. Equities research analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st will be paid a dividend of $1.13 per share. The ex-dividend date is Thursday, July 31st. This represents a $4.52 annualized dividend and a yield of 3.3%. Valero Energy’s dividend payout ratio (DPR) is 188.33%.

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.