Kiker Wealth Management LLC Increases Stock Position in Valero Energy Corporation $VLO

Kiker Wealth Management LLC raised its position in shares of Valero Energy Corporation (NYSE:VLO) by 466.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 334 shares of the oil and gas company’s stock after buying an additional 275 shares during the quarter. Kiker Wealth Management LLC’s holdings in Valero Energy were worth $45,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Axxcess Wealth Management LLC raised its position in shares of Valero Energy by 127.8% in the 2nd quarter. Axxcess Wealth Management LLC now owns 6,493 shares of the oil and gas company’s stock worth $873,000 after purchasing an additional 3,643 shares during the last quarter. Hudson Capital Management LLC raised its position in shares of Valero Energy by 3.3% in the 2nd quarter. Hudson Capital Management LLC now owns 34,616 shares of the oil and gas company’s stock worth $4,653,000 after purchasing an additional 1,105 shares during the last quarter. NorthRock Partners LLC raised its position in shares of Valero Energy by 19.8% in the 2nd quarter. NorthRock Partners LLC now owns 4,403 shares of the oil and gas company’s stock worth $592,000 after purchasing an additional 728 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Valero Energy by 7.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 20,401 shares of the oil and gas company’s stock worth $2,742,000 after purchasing an additional 1,426 shares during the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of Valero Energy by 1.4% in the 2nd quarter. Yousif Capital Management LLC now owns 53,785 shares of the oil and gas company’s stock worth $7,230,000 after purchasing an additional 745 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VLO shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a research report on Wednesday, October 8th. TD Cowen lowered Valero Energy from a “buy” rating to a “hold” rating and lifted their price target for the stock from $118.00 to $140.00 in a research report on Tuesday, July 22nd. Citigroup lowered Valero Energy from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $134.00 to $150.00 in a research report on Wednesday, July 16th. Mizuho boosted their target price on Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Finally, UBS Group boosted their target price on Valero Energy from $165.00 to $183.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.80.

Valero Energy Trading Up 0.5%

Valero Energy stock opened at $162.19 on Wednesday. The business has a 50-day simple moving average of $154.47 and a two-hundred day simple moving average of $138.35. The company has a market cap of $50.38 billion, a P/E ratio of 67.58, a P/E/G ratio of 1.66 and a beta of 1.05. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $178.43. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.62. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The business’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.71 EPS. Analysts predict that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, July 31st. Valero Energy’s payout ratio is currently 188.33%.

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.