Bragg Financial Advisors Inc Has $2.19 Million Holdings in Valero Energy Corporation $VLO

Bragg Financial Advisors Inc cut its position in shares of Valero Energy Corporation (NYSE:VLO) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,550 shares of the oil and gas company’s stock after selling 350 shares during the quarter. Bragg Financial Advisors Inc’s holdings in Valero Energy were worth $2,186,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kestra Private Wealth Services LLC increased its position in shares of Valero Energy by 18.5% during the first quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company’s stock worth $2,959,000 after buying an additional 3,503 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of Valero Energy during the first quarter worth about $766,000. Sendero Wealth Management LLC increased its position in shares of Valero Energy by 11.0% during the first quarter. Sendero Wealth Management LLC now owns 20,198 shares of the oil and gas company’s stock worth $2,668,000 after acquiring an additional 2,000 shares in the last quarter. AlTi Global Inc. increased its position in shares of Valero Energy by 18.2% during the fourth quarter. AlTi Global Inc. now owns 64,793 shares of the oil and gas company’s stock worth $8,585,000 after acquiring an additional 9,963 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC boosted its holdings in Valero Energy by 130.0% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 7,884 shares of the oil and gas company’s stock worth $967,000 after purchasing an additional 4,456 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Performance

Valero Energy stock opened at $140.0640 on Friday. The firm’s 50 day simple moving average is $140.36 and its 200 day simple moving average is $130.91. The firm has a market capitalization of $43.51 billion, a PE ratio of 58.36, a price-to-earnings-growth ratio of 3.28 and a beta of 1.03. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $155.12. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.62. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $27 billion. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.71 EPS. As a group, analysts expect that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $4.52 annualized dividend and a dividend yield of 3.2%. Valero Energy’s dividend payout ratio (DPR) is currently 188.33%.

Analyst Upgrades and Downgrades

VLO has been the topic of several analyst reports. Barclays boosted their price target on shares of Valero Energy from $140.00 to $141.00 and gave the stock an “overweight” rating in a report on Monday, May 12th. Raymond James Financial upped their price target on shares of Valero Energy from $155.00 to $172.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 15th. Citigroup cut shares of Valero Energy from a “buy” rating to a “neutral” rating and upped their price target for the company from $134.00 to $150.00 in a research note on Wednesday, July 16th. JPMorgan Chase & Co. dropped their price target on shares of Valero Energy from $152.00 to $147.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. Finally, Piper Sandler upped their price target on shares of Valero Energy from $159.00 to $168.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $154.47.

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.