Sather Financial Group Inc Has $725,000 Stock Position in Valero Energy Corporation $VLO

Sather Financial Group Inc raised its stake in Valero Energy Corporation (NYSE:VLO) by 68.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,394 shares of the oil and gas company’s stock after buying an additional 2,200 shares during the period. Sather Financial Group Inc’s holdings in Valero Energy were worth $725,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of VLO. Wayfinding Financial LLC acquired a new position in shares of Valero Energy during the first quarter worth $26,000. Hoey Investments Inc. acquired a new position in shares of Valero Energy during the second quarter worth $26,000. GFG Capital LLC acquired a new position in shares of Valero Energy during the second quarter worth $27,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of Valero Energy by 156.6% during the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 130 shares during the period. Finally, Hemington Wealth Management lifted its holdings in shares of Valero Energy by 39.9% during the first quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 95 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Price Performance

Shares of NYSE VLO opened at $158.19 on Friday. 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 $49.14 billion, a PE ratio of 65.91, a P/E/G ratio of 1.69 and a beta of 1.05. The firm has a fifty day simple moving average of $153.45 and a 200 day simple moving average of $137.94.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results 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. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $27 billion. During the same period in the previous year, the firm posted $2.71 earnings per share. The business’s revenue was down 13.3% compared to the same quarter last year. On average, sell-side analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, July 31st. Valero Energy’s payout ratio is 188.33%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VLO. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $152.00 to $179.00 in a report on Wednesday, September 3rd. Raymond James Financial lifted their target price 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. Wolfe Research downgraded shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Morgan Stanley downgraded shares of Valero Energy from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $160.00 to $175.00 in a research note on Friday, October 3rd. Finally, Citigroup downgraded shares of Valero Energy from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $134.00 to $150.00 in a research note on Wednesday, July 16th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $169.80.

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.