Trinity Legacy Partners LLC reduced its stake in shares of Valero Energy Co. (NYSE:VLO) by 0.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 35,113 shares of the oil and gas company’s stock after selling 136 shares during the period. Valero Energy accounts for about 1.9% of Trinity Legacy Partners LLC’s holdings, making the stock its 20th largest position. Trinity Legacy Partners LLC’s holdings in Valero Energy were worth $2,769,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisory Alpha LLC bought a new stake in Valero Energy during the first quarter worth approximately $27,000. Archford Capital Strategies LLC increased its stake in Valero Energy by 122.7% during the second quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 200 shares during the last quarter. Titan Capital Management LLC CA bought a new stake in Valero Energy during the second quarter worth approximately $32,000. NuWave Investment Management LLC increased its stake in Valero Energy by 1,107.7% during the second quarter. NuWave Investment Management LLC now owns 471 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 432 shares during the last quarter. Finally, Westside Investment Management Inc. bought a new stake in Valero Energy during the second quarter worth approximately $40,000. 76.39% of the stock is currently owned by institutional investors.

Several brokerages have weighed in on VLO. Goldman Sachs Group raised Valero Energy from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $96.00 to $92.00 in a research note on Thursday, June 6th. ValuEngine cut Valero Energy from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Royal Bank of Canada set a $98.00 target price on Valero Energy and gave the company a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. cut their target price on Valero Energy from $96.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Co set a $107.00 target price on Valero Energy and gave the company a “buy” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. Valero Energy presently has a consensus rating of “Buy” and an average price target of $103.47.

Shares of VLO traded up $1.03 during mid-day trading on Thursday, reaching $83.70. 3,847,700 shares of the company’s stock traded hands, compared to its average volume of 3,530,724. The stock has a market cap of $32.90 billion, a P/E ratio of 11.36, a P/E/G ratio of 1.99 and a beta of 1.50. The stock’s 50-day moving average is $78.59 and its two-hundred day moving average is $81.89. Valero Energy Co. has a 12 month low of $68.81 and a 12 month high of $120.72. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.42 and a quick ratio of 0.92.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.14. Valero Energy had a return on equity of 11.31% and a net margin of 2.27%. The company had revenue of $28.93 billion for the quarter, compared to analysts’ expectations of $25.45 billion. During the same quarter in the prior year, the firm earned $2.15 earnings per share. Valero Energy’s revenue was down 6.7% compared to the same quarter last year. Research analysts predict that Valero Energy Co. will post 4.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 6th were paid a $0.90 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $3.60 annualized dividend and a yield of 4.30%. Valero Energy’s dividend payout ratio (DPR) is currently 48.85%.

Valero Energy Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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