Lmcg Investments LLC Acquires 6,969 Shares of Valero Energy Co. (NYSE:VLO)

Lmcg Investments LLC increased its position in Valero Energy Co. (NYSE:VLO) by 9.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,189 shares of the oil and gas company’s stock after acquiring an additional 6,969 shares during the quarter. Lmcg Investments LLC’s holdings in Valero Energy were worth $12,727,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VLO. Collective Family Office LLC raised its position in shares of Valero Energy by 1.5% during the first quarter. Collective Family Office LLC now owns 4,040 shares of the oil and gas company’s stock valued at $690,000 after buying an additional 58 shares during the last quarter. Versant Capital Management Inc increased its stake in Valero Energy by 4.7% in the first quarter. Versant Capital Management Inc now owns 1,327 shares of the oil and gas company’s stock worth $227,000 after purchasing an additional 59 shares during the period. International Private Wealth Advisors LLC lifted its holdings in Valero Energy by 3.4% during the 2nd quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock valued at $309,000 after buying an additional 65 shares in the last quarter. Aua Capital Management LLC raised its stake in shares of Valero Energy by 3.1% during the first quarter. Aua Capital Management LLC now owns 2,261 shares of the oil and gas company’s stock valued at $386,000 after acquiring an additional 67 shares in the last quarter. Finally, OmniStar Financial Group Inc. lifted its holdings in shares of Valero Energy by 1.6% in the 2nd quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock worth $712,000 after buying an additional 70 shares during the period. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Down 0.4 %

Shares of NYSE VLO opened at $133.74 on Tuesday. 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 $43.73 billion, a PE ratio of 6.62, a P/E/G ratio of 2.73 and a beta of 1.40. The company has a 50-day moving average of $146.22 and a 200 day moving average of $155.43.

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

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 1st were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Thursday, August 1st. Valero Energy’s dividend payout ratio is presently 21.20%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Valero Energy from $165.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 3rd. Piper Sandler dropped their target price on Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. JPMorgan Chase & Co. cut their price target on Valero Energy from $178.00 to $172.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 2nd. Barclays dropped their price objective on shares of Valero Energy from $171.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Finally, The Goldman Sachs Group dropped their target price on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.36.

Valero Energy 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.