Adams Asset Advisors LLC Trims Holdings in Valero Energy Corporation $VLO

Adams Asset Advisors LLC lessened its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 7.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,962 shares of the oil and gas company’s stock after selling 5,001 shares during the period. Valero Energy comprises approximately 1.2% of Adams Asset Advisors LLC’s holdings, making the stock its 26th largest holding. Adams Asset Advisors LLC’s holdings in Valero Energy were worth $8,867,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of VLO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Valero Energy by 7.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,868 shares of the oil and gas company’s stock valued at $6,971,000 after purchasing an additional 4,001 shares during the period. Quantinno Capital Management LP increased its holdings in Valero Energy by 37.9% during the 4th quarter. Quantinno Capital Management LP now owns 24,647 shares of the oil and gas company’s stock valued at $3,021,000 after purchasing an additional 6,772 shares during the period. ProShare Advisors LLC increased its holdings in Valero Energy by 3.7% during the 4th quarter. ProShare Advisors LLC now owns 64,743 shares of the oil and gas company’s stock valued at $7,937,000 after purchasing an additional 2,335 shares during the period. Raiffeisen Bank International AG purchased a new position in Valero Energy during the 4th quarter valued at about $464,000. Finally, Thomist Capital Management LP purchased a new position in Valero Energy during the 4th quarter valued at about $3,767,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Piper Sandler upped their target price on Valero Energy from $171.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday. Wolfe Research downgraded Valero Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Citigroup downgraded Valero Energy from a “buy” rating to a “neutral” rating and upped their target price for the stock from $134.00 to $150.00 in a report on Wednesday, July 16th. Morgan Stanley upped their target price on Valero Energy from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Finally, TD Cowen downgraded Valero Energy from a “buy” rating to a “hold” rating and upped their target price for the stock from $118.00 to $140.00 in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.87.

Valero Energy Stock Performance

Valero Energy stock opened at $156.78 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $48.70 billion, a P/E ratio of 65.33, a PEG ratio of 1.78 and a beta of 1.10. The stock’s 50 day moving average is $145.24 and its 200 day moving average is $132.92. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $163.02.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.62. The company had revenue of $29.89 billion for 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 firm’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.71 EPS. On average, equities research analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st were paid a $1.13 dividend. The ex-dividend date was Thursday, July 31st. This represents a $4.52 annualized dividend and a dividend yield of 2.9%. Valero Energy’s dividend payout ratio is presently 188.33%.

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.