Annex Advisory Services LLC Has $7.79 Million Stock Position in Valero Energy Co. (NYSE:VLO)

Annex Advisory Services LLC lowered its position in shares of Valero Energy Co. (NYSE:VLOFree Report) by 18.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,652 shares of the oil and gas company’s stock after selling 10,515 shares during the period. Annex Advisory Services LLC’s holdings in Valero Energy were worth $7,792,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rise Advisors LLC bought a new stake in Valero Energy during the 1st quarter worth $33,000. BKM Wealth Management LLC bought a new stake in Valero Energy during the 4th quarter worth $26,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Valero Energy in the 4th quarter valued at about $36,000. FSC Wealth Advisors LLC bought a new stake in shares of Valero Energy in the 4th quarter valued at about $38,000. Finally, McIlrath & Eck LLC grew its position in shares of Valero Energy by 40.3% in the 3rd quarter. McIlrath & Eck LLC now owns 303 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 87 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Citigroup upped their price target on Valero Energy from $160.00 to $192.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Piper Sandler reduced their price target on Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. StockNews.com lowered Valero Energy from a “buy” rating to a “hold” rating in a research report on Sunday. Barclays dropped their price objective on Valero Energy from $179.00 to $173.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 30th. Finally, UBS Group lifted their target price on Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.00.

View Our Latest Research Report on VLO

Insiders Place Their Bets

In related news, Director Kimberly S. Greene sold 720 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $158.12, for a total value of $113,846.40. Following the transaction, the director now directly owns 13,314 shares of the company’s stock, valued at approximately $2,105,209.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.04% of the company’s stock.

Valero Energy Stock Up 0.2 %

Shares of NYSE:VLO traded up $0.25 during midday trading on Tuesday, hitting $150.98. 915,321 shares of the company’s stock were exchanged, compared to its average volume of 3,108,198. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.10. The company has a market cap of $49.37 billion, a PE ratio of 7.47, a price-to-earnings-growth ratio of 1.45 and a beta of 1.47. The stock has a 50 day moving average price of $158.24 and a 200-day moving average price of $149.59. Valero Energy Co. has a 12 month low of $111.14 and a 12 month high of $184.79.

Valero Energy (NYSE:VLOGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.64. The firm had revenue of $31.76 billion for the quarter, compared to the consensus estimate of $32.02 billion. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.27 EPS. On average, sell-side analysts anticipate that Valero Energy Co. will post 17.32 EPS for the current fiscal year.

Valero Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 30th will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Thursday, May 30th. Valero Energy’s dividend payout ratio is 21.20%.

About Valero Energy

(Free Report)

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.

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

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