Trinity Legacy Partners LLC Grows Holdings in Valero Energy Corporation $VLO

Trinity Legacy Partners LLC boosted its holdings in Valero Energy Corporation (NYSE:VLO) by 420.8% in the 1st quarter, Holdings Channel reports. The firm owned 24,793 shares of the oil and gas company’s stock after purchasing an additional 20,032 shares during the period. Trinity Legacy Partners LLC’s holdings in Valero Energy were worth $3,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Summit Financial LLC grew its stake in shares of Valero Energy by 4.6% during the 1st quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock worth $239,000 after purchasing an additional 79 shares during the period. Citizens Financial Group Inc. RI grew its stake in shares of Valero Energy by 2.2% during the 1st quarter. Citizens Financial Group Inc. RI now owns 3,798 shares of the oil and gas company’s stock worth $502,000 after purchasing an additional 82 shares during the period. Proficio Capital Partners LLC grew its stake in shares of Valero Energy by 4.6% during the 1st quarter. Proficio Capital Partners LLC now owns 2,012 shares of the oil and gas company’s stock worth $266,000 after purchasing an additional 89 shares during the period. Horizon Investments LLC grew its stake in Valero Energy by 1.8% in the 1st quarter. Horizon Investments LLC now owns 5,456 shares of the oil and gas company’s stock valued at $721,000 after acquiring an additional 94 shares during the last quarter. Finally, Hemington Wealth Management grew its stake in Valero Energy by 39.9% in the 1st quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 95 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wolfe Research cut shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Raymond James Financial upped their target price on shares of Valero Energy from $155.00 to $172.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 15th. Morgan Stanley upped their target price on shares of Valero Energy from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Citigroup lowered shares of Valero Energy from a “buy” rating to a “neutral” rating and upped their target price for the company from $134.00 to $150.00 in a report on Wednesday, July 16th. Finally, TD Cowen lowered shares of Valero Energy from a “buy” rating to a “hold” rating and increased their price objective for the stock from $118.00 to $140.00 in a report on Tuesday, July 22nd. Two investment 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $154.47.

Valero Energy Trading Up 3.5%

NYSE VLO opened at $145.1990 on Friday. Valero Energy Corporation has a one year low of $99.00 and a one year high of $155.12. The company’s 50 day moving average price is $140.59 and its 200 day moving average price is $130.93. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. The firm has a market capitalization of $45.11 billion, a price-to-earnings ratio of 60.50, a PEG ratio of 3.28 and a beta of 1.03.

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

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st will be issued a $1.13 dividend. The ex-dividend date is Thursday, July 31st. This represents a $4.52 annualized dividend and a yield of 3.1%. Valero Energy’s dividend payout ratio (DPR) is presently 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.