Valero Energy Corporation $VLO Shares Sold by RWA Wealth Partners LLC

RWA Wealth Partners LLC trimmed its position in shares of Valero Energy Corporation (NYSE:VLO) by 3.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,028 shares of the oil and gas company’s stock after selling 74 shares during the period. RWA Wealth Partners LLC’s holdings in Valero Energy were worth $268,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new stake in Valero Energy during the 1st quarter valued at $26,000. Hazlett Burt & Watson Inc. grew its holdings in Valero Energy by 156.6% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 130 shares in the last quarter. Ameriflex Group Inc. acquired a new position in shares of Valero Energy in the 4th quarter valued at approximately $29,000. Iron Horse Wealth Management LLC acquired a new position in shares of Valero Energy in the 1st quarter valued at approximately $44,000. Finally, Hemington Wealth Management raised its position in shares of Valero Energy by 39.9% in the 1st quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 95 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VLO has been the topic of a number of recent analyst reports. Evercore ISI initiated coverage on Valero Energy in a research report on Wednesday, June 18th. They issued an “in-line” rating and a $135.00 target price on the stock. JPMorgan Chase & Co. cut their target price on Valero Energy from $152.00 to $147.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Wolfe Research downgraded Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Morgan Stanley lifted their price target on Valero Energy from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Finally, Raymond James Financial lifted their price target on Valero Energy from $155.00 to $172.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $154.47.

Valero Energy Stock Up 1.8%

Shares of NYSE:VLO opened at $140.4310 on Thursday. The stock has a market capitalization of $43.63 billion, a price-to-earnings ratio of 58.51, a price-to-earnings-growth ratio of 3.22 and a beta of 1.03. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $155.12. The company’s fifty day moving average is $140.23 and its two-hundred day moving average is $130.89. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.62. The company had revenue of $29.89 billion for the quarter, compared to analysts’ expectations of $27 billion. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The firm’s revenue was down 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.71 earnings per share. Equities analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st will be given a dividend of $1.13 per share. The ex-dividend date is Thursday, July 31st. This represents a $4.52 dividend on an annualized basis and a yield of 3.2%. Valero Energy’s payout ratio is currently 188.33%.

About Valero Energy

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.