Valero Energy Co. (NYSE:VLO) Shares Bought by Linscomb Wealth Inc.

Linscomb Wealth Inc. grew its holdings in shares of Valero Energy Co. (NYSE:VLO) by 13.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,443 shares of the oil and gas company’s stock after purchasing an additional 748 shares during the period. Linscomb Wealth Inc.’s holdings in Valero Energy were worth $1,100,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of VLO. Rise Advisors LLC acquired a new position in Valero Energy during the 1st quarter valued at about $33,000. BKM Wealth Management LLC bought a new stake in Valero Energy during the fourth quarter worth approximately $26,000. First Foundation Advisors acquired a new stake in Valero Energy in the first quarter worth approximately $37,000. Wetzel Investment Advisors Inc. bought a new position in Valero Energy during the 4th quarter valued at $36,000. Finally, DT Investment Partners LLC acquired a new position in shares of Valero Energy during the 4th quarter valued at $45,000. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Stock Up 1.4 %

Shares of VLO stock traded up $2.12 on Friday, reaching $159.12. 3,151,478 shares of the company’s stock traded hands, compared to its average volume of 2,537,062. The company has a market capitalization of $52.03 billion, a P/E ratio of 7.88, a price-to-earnings-growth ratio of 1.99 and a beta of 1.42. Valero Energy Co. has a 12-month low of $119.88 and a 12-month high of $184.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.59. The business’s 50 day moving average price is $153.61 and its two-hundred day moving average price is $153.18.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.60 by $0.11. The company had revenue of $34.49 billion for the quarter, compared to analysts’ expectations of $32.97 billion. Valero Energy had a return on equity of 20.97% and a net margin of 4.25%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.40 EPS. On average, equities analysts forecast that Valero Energy Co. will post 13.18 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 1st will be given a $1.07 dividend. The ex-dividend date is Thursday, August 1st. This represents a $4.28 dividend on an annualized basis and a yield of 2.69%. Valero Energy’s payout ratio is 21.20%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VLO. Barclays cut their price objective on Valero Energy from $171.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Scotiabank upped their price target 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. JPMorgan Chase & Co. reduced their price objective on shares of Valero Energy from $178.00 to $172.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Wolfe Research began coverage on shares of Valero Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $177.00 target price on the stock. Finally, Piper Sandler reduced their target price on shares of Valero Energy from $187.00 to $169.00 and set an “overweight” rating for the company in a report on Friday, June 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $172.07.

Insider Buying and Selling at Valero Energy

In other Valero Energy news, Director Kimberly S. Greene sold 720 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $158.12, for a total value of $113,846.40. Following the transaction, the director now owns 13,314 shares in the company, valued at $2,105,209.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.04% of the company’s stock.

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.