Valero Energy Co. (NYSE:VLO) Position Trimmed by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC decreased its holdings in Valero Energy Co. (NYSE:VLO) by 14.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,705 shares of the oil and gas company’s stock after selling 440 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Valero Energy were worth $424,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. EdgeRock Capital LLC acquired a new position in shares of Valero Energy in the second quarter worth about $27,000. Lynx Investment Advisory purchased a new position in Valero Energy during the 2nd quarter worth approximately $29,000. Summit Securities Group LLC purchased a new position in Valero Energy during the 2nd quarter worth approximately $31,000. Rise Advisors LLC purchased a new stake in shares of Valero Energy in the first quarter valued at $33,000. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Valero Energy in the first quarter worth $33,000. Institutional investors own 78.69% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on VLO shares. Wells Fargo & Company increased their price objective on Valero Energy from $165.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 3rd. Argus cut shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. StockNews.com lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Wolfe Research began coverage on shares of Valero Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $177.00 target price for the company. Finally, Scotiabank upped their price target on shares of Valero Energy from $165.00 to $173.00 and gave the stock a “sector outperform” rating in a research note on Friday, July 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $174.50.

Valero Energy Stock Down 1.0 %

VLO opened at $134.19 on Monday. Valero Energy Co. has a twelve month low of $119.88 and a twelve month high of $184.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48. The business has a 50 day moving average price of $148.79 and a 200 day moving average price of $155.74. The firm has a market cap of $42.99 billion, a P/E ratio of 6.65, a price-to-earnings-growth ratio of 2.73 and a beta of 1.40.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.60 by $0.11. The business had revenue of $34.49 billion during the quarter, compared to the consensus estimate of $32.97 billion. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. Valero Energy’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.40 EPS. Research analysts forecast that Valero Energy Co. will post 12.3 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 3.19%. Valero Energy’s dividend payout ratio is presently 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.