Mosaic Family Wealth Partners LLC Invests $701,000 in Valero Energy Corporation $VLO

Mosaic Family Wealth Partners LLC purchased a new position in shares of Valero Energy Corporation (NYSE:VLO) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,690 shares of the oil and gas company’s stock, valued at approximately $701,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp boosted its stake in Valero Energy by 0.9% in the fourth quarter. State Street Corp now owns 18,177,191 shares of the oil and gas company’s stock worth $2,959,065,000 after purchasing an additional 163,975 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Valero Energy by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,950,982 shares of the oil and gas company’s stock valued at $1,945,500,000 after buying an additional 63,919 shares in the last quarter. Norges Bank acquired a new stake in shares of Valero Energy in the fourth quarter valued at $1,111,542,000. Franklin Resources Inc. raised its holdings in shares of Valero Energy by 7.5% in the fourth quarter. Franklin Resources Inc. now owns 5,668,210 shares of the oil and gas company’s stock valued at $922,728,000 after buying an additional 394,693 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Valero Energy by 11.4% in the first quarter. Bank of America Corp DE now owns 5,033,310 shares of the oil and gas company’s stock valued at $1,243,630,000 after buying an additional 516,975 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Price Performance

Valero Energy stock opened at $341.36 on Friday. The business’s 50-day simple moving average is $283.92 and its 200 day simple moving average is $247.97. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 0.37. The stock has a market cap of $98.29 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 0.23 and a beta of 0.55. Valero Energy Corporation has a 12-month low of $135.01 and a 12-month high of $346.09.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share for the quarter, topping the consensus estimate of $10.11 by $2.43. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%.The firm had revenue of $44.48 billion during the quarter, compared to analysts’ expectations of $39.47 billion. During the same period in the previous year, the business posted $2.28 EPS. The company’s quarterly revenue was up 48.8% compared to the same quarter last year. As a group, research analysts anticipate that Valero Energy Corporation will post 40.62 earnings per share for the current year.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, July 31st will be given a dividend of $1.20 per share. The ex-dividend date is Friday, July 31st. This represents a $4.80 annualized dividend and a dividend yield of 1.4%. Valero Energy’s payout ratio is currently 19.92%.

Insider Buying and Selling at Valero Energy

In related news, SVP Eric A. Fisher sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the completion of the sale, the senior vice president directly owned 19,742 shares of the company’s stock, valued at $5,294,212.14. The trade was a 27.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.36% of the stock is currently owned by company insiders.

Analyst Ratings Changes

VLO has been the topic of a number of research analyst reports. Scotiabank increased their price objective on shares of Valero Energy from $178.00 to $226.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Weiss Ratings raised shares of Valero Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Piper Sandler reiterated an “overweight” rating and set a $329.00 target price on shares of Valero Energy in a research report on Thursday, July 23rd. Zacks Research raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Finally, Barclays raised their price target on shares of Valero Energy from $279.00 to $323.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $288.00.

Valero Energy Profile

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.