Mccarter Private Wealth Services LLC Sells 208 Shares of Valero Energy Corporation $VLO

Mccarter Private Wealth Services LLC lowered its stake in shares of Valero Energy Corporation (NYSE:VLO) by 3.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,202 shares of the oil and gas company’s stock after selling 208 shares during the period. Mccarter Private Wealth Services LLC’s holdings in Valero Energy were worth $699,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Broadway Wealth Solutions Inc. raised its stake in shares of Valero Energy by 3.8% during the 2nd quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock worth $251,000 after purchasing an additional 69 shares in the last quarter. Park Place Capital Corp raised its stake in shares of Valero Energy by 21.8% during the 2nd quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock worth $58,000 after purchasing an additional 75 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Valero Energy by 1.4% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock worth $732,000 after purchasing an additional 78 shares in the last quarter. Summit Financial LLC raised 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 in the last quarter. Finally, Keeley Teton Advisors LLC raised its stake in shares of Valero Energy by 1.1% during the 1st quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock worth $1,025,000 after purchasing an additional 81 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Down 0.3%

VLO stock opened at $169.66 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $52.70 billion, a PE ratio of 35.42, a PEG ratio of 1.77 and a beta of 1.05. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $178.43. The business’s 50 day simple moving average is $162.06 and its 200 day simple moving average is $142.90.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.51. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The firm had revenue of $32.17 billion for the quarter, compared to analyst estimates of $28.80 billion. During the same period in the prior year, the firm posted $1.14 EPS. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, research analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, November 20th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, November 20th. Valero Energy’s dividend payout ratio is currently 94.36%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VLO. Weiss Ratings reiterated a “hold (c)” rating on shares of Valero Energy in a research note on Wednesday, October 8th. Piper Sandler upped their price objective on Valero Energy from $200.00 to $201.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. 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 report on Wednesday, July 16th. UBS Group reissued a “buy” rating and set a $183.00 target price on shares of Valero Energy in a report on Friday, October 24th. Finally, Wall Street Zen raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, October 25th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $179.27.

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.