Clarius Group LLC Sells 324 Shares of Valero Energy Corporation $VLO

Clarius Group LLC lessened its holdings in Valero Energy Corporation (NYSE:VLO) by 7.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,314 shares of the oil and gas company’s stock after selling 324 shares during the period. Clarius Group LLC’s holdings in Valero Energy were worth $580,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Broadway Wealth Solutions Inc. boosted its stake in Valero Energy by 3.8% during the second quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock worth $251,000 after buying an additional 69 shares during the period. Park Place Capital Corp boosted its stake in Valero Energy by 21.8% during the second quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock worth $58,000 after buying an additional 75 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its stake in Valero Energy by 1.4% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock worth $732,000 after buying an additional 78 shares during the period. Summit Financial LLC boosted its stake in Valero Energy by 4.6% during the first quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock worth $239,000 after buying an additional 79 shares during the period. Finally, Keeley Teton Advisors LLC boosted its stake in Valero Energy by 1.1% during the first quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock worth $1,025,000 after buying an additional 81 shares during the period. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

VLO stock opened at $160.37 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. The business has a 50-day moving average price of $151.24 and a 200 day moving average price of $136.96. The company has a market capitalization of $49.82 billion, a P/E ratio of 66.82, a PEG ratio of 1.69 and a beta of 1.05. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $178.43.

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

Valero Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, July 31st. Valero Energy’s payout ratio is presently 188.33%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Raymond James Financial lifted their price objective on shares of Valero Energy from $170.00 to $177.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, September 9th. Piper Sandler lifted their price objective on shares of Valero Energy from $171.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, September 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a research note on Saturday, September 27th. Evercore ISI boosted their target price on shares of Valero Energy from $135.00 to $185.00 and gave the company an “in-line” rating in a research note on Friday, September 19th. Finally, UBS Group boosted their target price on shares of Valero Energy from $165.00 to $183.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Valero Energy has an average rating of “Moderate Buy” and an average target price of $166.07.

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.