Simplicity Wealth LLC Has $871,000 Stock Holdings in Valero Energy Corporation $VLO

Simplicity Wealth LLC increased its position in Valero Energy Corporation (NYSE:VLO) by 126.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,477 shares of the oil and gas company’s stock after purchasing an additional 3,616 shares during the quarter. Simplicity Wealth LLC’s holdings in Valero Energy were worth $871,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in VLO. Gateway Investment Advisers LLC raised its stake in shares of Valero Energy by 27.7% during the first quarter. Gateway Investment Advisers LLC now owns 17,640 shares of the oil and gas company’s stock worth $2,330,000 after buying an additional 3,825 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Valero Energy during the 1st quarter worth $225,000. Orrstown Financial Services Inc. bought a new stake in shares of Valero Energy during the 1st quarter valued at $224,000. Park Avenue Securities LLC lifted its stake in shares of Valero Energy by 18.2% in the 1st quarter. Park Avenue Securities LLC now owns 16,220 shares of the oil and gas company’s stock valued at $2,142,000 after purchasing an additional 2,502 shares during the period. Finally, Wesbanco Bank Inc. boosted its position in shares of Valero Energy by 9.7% in the 1st quarter. Wesbanco Bank Inc. now owns 7,815 shares of the oil and gas company’s stock worth $1,032,000 after purchasing an additional 689 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Performance

Shares of VLO opened at $163.32 on Tuesday. The firm has a market cap of $50.74 billion, a P/E ratio of 68.05, a PEG ratio of 1.69 and a beta of 1.05. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. The firm’s 50 day moving average price is $151.62 and its two-hundred day moving average price is $137.18.

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

Valero Energy Dividend Announcement

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 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 dividend yield of 2.8%. Valero Energy’s dividend payout ratio (DPR) is presently 188.33%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $152.00 to $179.00 in a report on Wednesday, September 3rd. Wells Fargo & Company upped their price target on Valero Energy from $151.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Valero Energy in a research report on Saturday, September 27th. Evercore ISI boosted their price objective on shares of Valero Energy from $135.00 to $185.00 and gave the company an “in-line” rating in a report on Friday, September 19th. Finally, Mizuho increased their target price on shares of Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $166.07.

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.