Gallacher Capital Management LLC Invests $531,000 in Valero Energy Co. (NYSE:VLO)

Gallacher Capital Management LLC acquired a new stake in shares of Valero Energy Co. (NYSE:VLO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,390 shares of the oil and gas company’s stock, valued at approximately $531,000.

Other hedge funds also recently bought and sold shares of the company. 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 purchasing an additional 58 shares in the last quarter. Versant Capital Management Inc grew its position in Valero Energy by 4.7% during the first quarter. Versant Capital Management Inc now owns 1,327 shares of the oil and gas company’s stock worth $227,000 after buying an additional 59 shares in the last quarter. International Private Wealth Advisors LLC increased its stake in Valero Energy by 3.4% in the 2nd quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock worth $309,000 after acquiring an additional 65 shares during the last quarter. Aua Capital Management LLC raised its holdings in shares of Valero Energy by 3.1% in the 1st 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. boosted its position in shares of Valero Energy by 1.6% during the 2nd quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock valued at $712,000 after acquiring an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Down 1.0 %

Shares of Valero Energy stock opened at $134.19 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48. Valero Energy Co. has a 52-week low of $119.88 and a 52-week high of $184.79. The company’s 50 day moving average price is $148.79 and its 200-day moving average price is $155.61. The stock has a market capitalization of $43.88 billion, a price-to-earnings ratio of 6.65, a P/E/G ratio of 2.72 and a beta of 1.40.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.60 by $0.11. The firm had revenue of $34.49 billion for the quarter, compared to analysts’ expectations of $32.97 billion. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The company’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 earnings per share. Equities research analysts forecast that Valero Energy Co. will post 12.86 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 1st were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Thursday, August 1st. Valero Energy’s dividend payout ratio (DPR) is currently 21.20%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Piper Sandler lowered their target price on shares of Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. Argus cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. Scotiabank upped their target price on shares of Valero Energy from $165.00 to $173.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 12th. Wells Fargo & Company raised their price target on Valero Energy from $165.00 to $172.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 3rd. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $174.50.

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.