Moseley Investment Management Inc. Boosts Stock Position in Valero Energy Corporation $VLO

Moseley Investment Management Inc. grew its stake in shares of Valero Energy Corporation (NYSE:VLO) by 3.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 15,919 shares of the oil and gas company’s stock after buying an additional 594 shares during the period. Moseley Investment Management Inc.’s holdings in Valero Energy were worth $2,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Kestra Private Wealth Services LLC lifted its position in shares of Valero Energy by 18.5% during the first quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company’s stock worth $2,959,000 after acquiring an additional 3,503 shares in the last quarter. Hancock Whitney Corp lifted its position in shares of Valero Energy by 8.9% during the first quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock worth $6,138,000 after acquiring an additional 3,790 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Valero Energy during the first quarter worth $766,000. FORA Capital LLC purchased a new stake in shares of Valero Energy during the first quarter worth $866,000. Finally, Dynamic Advisor Solutions LLC purchased a new stake in shares of Valero Energy during the first quarter worth $462,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analysts Set New Price Targets

VLO has been the topic of a number of recent analyst reports. Barclays increased their price objective on Valero Energy from $151.00 to $169.00 and gave the stock an “overweight” rating in a research report on Tuesday. Citigroup downgraded Valero Energy from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $134.00 to $150.00 in a research report on Wednesday, July 16th. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Raymond James Financial increased their price objective on Valero Energy from $170.00 to $177.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, September 9th. Finally, Wells Fargo & Company increased their price objective on Valero Energy from $151.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $168.07.

Valero Energy Trading Down 0.3%

NYSE VLO opened at $162.00 on Friday. The stock’s 50-day simple moving average is $152.95 and its two-hundred day simple moving average is $137.74. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $50.33 billion, a price-to-earnings ratio of 67.50, a PEG ratio of 1.73 and a beta of 1.05.

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

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were given a dividend of $1.13 per share. The ex-dividend date was Thursday, July 31st. This represents a $4.52 dividend on an annualized basis and a yield of 2.8%. Valero Energy’s dividend payout ratio (DPR) is presently 188.33%.

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.