Texas Yale Capital Corp. Sells 5,400 Shares of Valero Energy Corporation $VLO

Texas Yale Capital Corp. reduced its position in Valero Energy Corporation (NYSE:VLO) by 9.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 49,370 shares of the oil and gas company’s stock after selling 5,400 shares during the period. Texas Yale Capital Corp.’s holdings in Valero Energy were worth $6,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Hoey Investments Inc. bought a new position in shares of Valero Energy in the second quarter worth approximately $26,000. GFG Capital LLC purchased a new position in Valero Energy during the 2nd quarter valued at approximately $27,000. Hazlett Burt & Watson Inc. increased its position in Valero Energy by 156.6% in the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 130 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of Valero Energy by 1,277.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 248 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 230 shares in the last quarter. Finally, Hemington Wealth Management boosted its holdings in shares of Valero Energy by 39.9% in the 1st quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 95 shares during the period. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

NYSE:VLO opened at $176.28 on Friday. The firm has a market capitalization of $53.77 billion, a PE ratio of 36.80, a price-to-earnings-growth ratio of 1.77 and a beta of 1.01. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $179.10. The business’s fifty day moving average price is $163.87 and its 200 day moving average price is $144.65.

Valero Energy (NYSE:VLO) last posted 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. The company had revenue of $32.17 billion for the quarter, compared to analyst estimates of $28.80 billion. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. Valero Energy’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 earnings per share. On average, sell-side analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, November 20th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.6%. The ex-dividend date is Thursday, November 20th. Valero Energy’s payout ratio is currently 94.36%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VLO. Wolfe Research downgraded shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. TD Cowen lifted their price objective on shares of Valero Energy from $162.00 to $165.00 and gave the company a “hold” rating in a report on Friday, October 24th. Citigroup lowered Valero Energy from a “buy” rating to a “neutral” rating and increased their price objective for the company from $134.00 to $150.00 in a report on Wednesday, July 16th. Mizuho increased their price objective on Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Finally, UBS Group reissued a “buy” rating and issued a $183.00 price objective on shares of Valero Energy in a report on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $179.27.

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.