Fiduciary Financial Services of The Southwest Inc. TX Reduces Position in Valero Energy Co. (NYSE:VLO)

Fiduciary Financial Services of The Southwest Inc. TX cut its holdings in shares of Valero Energy Co. (NYSE:VLO) by 4.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,831 shares of the oil and gas company’s stock after selling 146 shares during the period. Fiduciary Financial Services of The Southwest Inc. TX’s holdings in Valero Energy were worth $242,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VLO. Advisory Alpha LLC purchased a new stake in shares of Valero Energy during the first quarter valued at $27,000. Archford Capital Strategies LLC boosted its position in Valero Energy by 122.7% in the second quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 200 shares during the last quarter. Covenant Multifamily Offices LLC purchased a new position in Valero Energy in the first quarter worth about $36,000. First Manhattan Co. boosted its position in Valero Energy by 47.1% in the first quarter. First Manhattan Co. now owns 453 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 145 shares during the last quarter. Finally, NuWave Investment Management LLC boosted its position in Valero Energy by 1,107.7% in the second quarter. NuWave Investment Management LLC now owns 471 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 432 shares during the last quarter. 77.21% of the stock is currently owned by institutional investors.

NYSE VLO opened at $78.85 on Friday. The stock has a 50-day moving average of $82.83. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.42 and a quick ratio of 0.92. Valero Energy Co. has a 52 week low of $68.81 and a 52 week high of $122.42. The company has a market capitalization of $31.63 billion, a P/E ratio of 12.68, a P/E/G ratio of 1.78 and a beta of 1.48.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.37 by $0.14. Valero Energy had a return on equity of 11.31% and a net margin of 2.27%. The firm had revenue of $28.93 billion for the quarter, compared to the consensus estimate of $25.45 billion. During the same quarter last year, the company earned $2.15 earnings per share. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, analysts forecast that Valero Energy Co. will post 5.34 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 6th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.57%. The ex-dividend date is Monday, August 5th. Valero Energy’s dividend payout ratio (DPR) is currently 48.85%.

VLO has been the topic of several research reports. Raymond James raised their target price on Valero Energy from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Wells Fargo & Co set a $107.00 target price on Valero Energy and gave the stock a “buy” rating in a research report on Friday, July 26th. ValuEngine cut Valero Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Goldman Sachs Group raised Valero Energy from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $96.00 to $92.00 in a research report on Thursday, June 6th. Finally, JPMorgan Chase & Co. raised Valero Energy from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $102.00 to $105.00 in a research report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $105.47.

Valero Energy Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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