Key Financial Inc Has $46,000 Stock Position in Valero Energy Corporation (NYSE:VLO)

Key Financial Inc lowered its stake in Valero Energy Corporation (NYSE:VLO) by 25.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 347 shares of the oil and gas company’s stock after selling 116 shares during the quarter. Key Financial Inc’s holdings in Valero Energy were worth $46,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in VLO. Wayfinding Financial LLC acquired a new position in Valero Energy during the 1st quarter worth approximately $26,000. Ameriflex Group Inc. acquired a new position in Valero Energy during the fourth quarter worth $29,000. Millstone Evans Group LLC acquired a new position in Valero Energy during the fourth quarter worth $44,000. Iron Horse Wealth Management LLC bought a new position in Valero Energy in the first quarter valued at $44,000. Finally, Transce3nd LLC acquired a new stake in Valero Energy in the 4th quarter valued at $58,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Performance

NYSE VLO opened at $153.11 on Monday. The stock has a market cap of $47.96 billion, a PE ratio of 54.10, a P/E/G ratio of 2.67 and a beta of 1.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.56. The firm has a 50-day moving average of $133.97 and a 200-day moving average of $129.31. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $167.78.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.27). Valero Energy had a return on equity of 6.30% and a net margin of 0.72%. The company had revenue of $28.76 billion for the quarter, compared to analyst estimates of $28.54 billion. During the same quarter last year, the business earned $3.82 earnings per share. The company’s revenue was down 4.7% on a year-over-year basis. On average, sell-side analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th were paid a $1.13 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $4.52 annualized dividend and a yield of 2.95%. Valero Energy’s dividend payout ratio (DPR) is presently 159.72%.

Analysts Set New Price Targets

VLO has been the subject of several analyst reports. Barclays raised their price objective on Valero Energy from $140.00 to $141.00 and gave the company an “overweight” rating in a report on Monday, May 12th. UBS Group raised their price target on Valero Energy from $150.00 to $164.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. TD Cowen lowered their price target on Valero Energy from $121.00 to $118.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Piper Sandler increased their price objective on Valero Energy from $142.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Morgan Stanley decreased their target price on shares of Valero Energy from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $153.56.

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.