Valero Energy Co. (NYSE:VLO) Shares Sold by Walkner Condon Financial Advisors LLC

Walkner Condon Financial Advisors LLC decreased its holdings in Valero Energy Co. (NYSE:VLO) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,463 shares of the oil and gas company’s stock after selling 88 shares during the quarter. Walkner Condon Financial Advisors LLC’s holdings in Valero Energy were worth $386,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VLO. Collective Family Office LLC grew its position in shares of Valero Energy by 1.5% during the 1st 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 lifted its holdings in shares of Valero Energy by 4.7% in the 1st 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 last quarter. Covenant Asset Management LLC boosted its position in Valero Energy by 0.4% during the 1st quarter. Covenant Asset Management LLC now owns 14,659 shares of the oil and gas company’s stock valued at $2,502,000 after purchasing an additional 64 shares during the period. Aua Capital Management LLC grew its stake in Valero Energy by 3.1% during the 1st quarter. Aua Capital Management LLC now owns 2,261 shares of the oil and gas company’s stock worth $386,000 after buying an additional 67 shares during the last quarter. Finally, Everhart Financial Group Inc. increased its position in Valero Energy by 5.5% in the second quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock worth $214,000 after buying an additional 71 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Price Performance

Shares of VLO traded up $0.12 during mid-day trading on Wednesday, reaching $141.05. The company had a trading volume of 2,139,632 shares, compared to its average volume of 2,983,524. The company’s 50-day moving average is $150.85 and its 200-day moving average is $155.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04. The company has a market capitalization of $46.12 billion, a P/E ratio of 6.99, a P/E/G ratio of 2.78 and a beta of 1.42. Valero Energy Co. has a twelve month low of $119.88 and a twelve month high of $184.79.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 EPS 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 the consensus estimate of $32.97 billion. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.40 EPS. On average, equities analysts anticipate that Valero Energy Co. will post 12.86 EPS for the current year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 1st will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Thursday, August 1st. Valero Energy’s payout ratio is presently 21.20%.

Analyst Ratings Changes

Several research firms recently weighed in on VLO. Wolfe Research assumed coverage on Valero Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $177.00 price target on the stock. Barclays decreased their price objective on shares of Valero Energy from $171.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. StockNews.com lowered Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Scotiabank raised their price objective 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. Finally, Mizuho upgraded shares of Valero Energy from a “neutral” rating to an “outperform” rating and upped their target price for the company from $165.00 to $175.00 in a research note on Wednesday, July 17th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

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.