OneDigital Investment Advisors LLC Has $6.76 Million Holdings in Valero Energy Corporation $VLO

OneDigital Investment Advisors LLC decreased its position in shares of Valero Energy Corporation (NYSE:VLO) by 21.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,965 shares of the oil and gas company’s stock after selling 7,160 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Valero Energy were worth $6,762,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Valero Energy in the fourth quarter valued at $1,111,542,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Valero Energy in the 3rd quarter worth about $275,239,000. Pacer Advisors Inc. raised its position in shares of Valero Energy by 2,635.7% in the 4th quarter. Pacer Advisors Inc. now owns 950,527 shares of the oil and gas company’s stock worth $154,736,000 after acquiring an additional 915,782 shares in the last quarter. Amundi lifted its stake in shares of Valero Energy by 45.3% in the 1st quarter. Amundi now owns 2,584,976 shares of the oil and gas company’s stock valued at $638,695,000 after purchasing an additional 806,018 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Valero Energy by 49.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,696,811 shares of the oil and gas company’s stock valued at $276,224,000 after purchasing an additional 560,116 shares during the period. 78.69% of the stock is owned by institutional investors.

Valero Energy Stock Down 0.1%

Shares of NYSE VLO opened at $341.36 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.64 and a quick ratio of 1.23. The company has a 50-day moving average price of $283.92 and a 200-day moving average price of $248.42. The stock has a market capitalization of $98.29 billion, a P/E ratio of 14.16, a P/E/G ratio of 0.23 and a beta of 0.55. Valero Energy Corporation has a 1 year low of $135.01 and a 1 year high of $346.09.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share for the quarter, beating the consensus estimate of $10.11 by $2.43. The business had revenue of $44.48 billion for the quarter, compared to analysts’ expectations of $39.47 billion. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The firm’s revenue for the quarter was up 48.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.28 EPS. On average, equities research analysts forecast that Valero Energy Corporation will post 40.62 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, July 31st will be issued a dividend of $1.20 per share. The ex-dividend date is Friday, July 31st. This represents a $4.80 annualized dividend and a yield of 1.4%. Valero Energy’s dividend payout ratio is 19.92%.

Insider Buying and Selling

In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the transaction, the senior vice president directly owned 19,742 shares in the company, valued at approximately $5,294,212.14. This trade represents a 27.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Morgan Stanley boosted their price target on Valero Energy from $232.00 to $255.00 and gave the company an “equal weight” rating in a research note on Friday, June 12th. Citigroup lifted their price objective on shares of Valero Energy from $259.00 to $302.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Raymond James Financial boosted their target price on shares of Valero Energy from $300.00 to $340.00 and gave the company a “strong-buy” rating in a research report on Monday, July 13th. Piper Sandler restated an “overweight” rating and issued a $329.00 price target on shares of Valero Energy in a report on Thursday, July 23rd. Finally, Zacks Research raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $288.00.

Valero Energy Company Profile

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.