Crestwood Advisors Group LLC Sells 204 Shares of Valero Energy Co. (NYSE:VLO)

Crestwood Advisors Group LLC decreased its stake in Valero Energy Co. (NYSE:VLO) by 13.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,335 shares of the oil and gas company’s stock after selling 204 shares during the period. Crestwood Advisors Group LLC’s holdings in Valero Energy were worth $209,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. EdgeRock Capital LLC bought a new position in shares of Valero Energy in the 2nd quarter worth $27,000. Lynx Investment Advisory bought a new position in shares of Valero Energy in the 2nd quarter worth $29,000. Summit Securities Group LLC bought a new position in shares of Valero Energy during the 2nd quarter valued at $31,000. Rise Advisors LLC bought a new position in shares of Valero Energy during the 1st quarter valued at $33,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of Valero Energy during the 1st quarter valued at $33,000. Institutional investors own 78.69% of the company’s stock.

Analysts Set New Price Targets

VLO has been the topic of several recent research reports. Wolfe Research initiated coverage on shares of Valero Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $177.00 target price on the stock. Scotiabank increased their target price on shares of Valero Energy from $165.00 to $173.00 and gave the company a “sector outperform” rating in a report on Friday, July 12th. Wells Fargo & Company increased their target price on shares of Valero Energy from $165.00 to $172.00 and gave the company an “equal weight” rating in a report on Tuesday. Barclays reduced their target price on shares of Valero Energy from $171.00 to $165.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Finally, Piper Sandler reduced their target price on shares of Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and a consensus price target of $174.50.

Valero Energy Trading Down 3.7 %

NYSE:VLO opened at $141.37 on Wednesday. The company has a 50-day moving average price of $149.89 and a 200-day moving average price of $155.76. Valero Energy Co. has a 12 month low of $119.88 and a 12 month high of $184.79. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34. The stock has a market cap of $46.23 billion, a price-to-earnings ratio of 7.00, a P/E/G ratio of 2.85 and a beta of 1.42.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.60 by $0.11. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The firm had revenue of $34.49 billion during the quarter, compared to analysts’ expectations of $32.97 billion. During the same period last year, the company posted $5.40 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. Equities analysts predict that Valero Energy Co. will post 12.86 EPS for the current year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st were given a dividend of $1.07 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $4.28 dividend on an annualized basis and a yield of 3.03%. Valero Energy’s dividend payout ratio (DPR) is currently 21.20%.

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.