OneAscent Financial Services LLC Has $423,000 Stake in Valero Energy Co. (NYSE:VLO)

OneAscent Financial Services LLC lowered its stake in Valero Energy Co. (NYSE:VLO) by 11.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,481 shares of the oil and gas company’s stock after selling 325 shares during the period. OneAscent Financial Services LLC’s holdings in Valero Energy were worth $423,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Collective Family Office LLC lifted its position in shares of Valero Energy by 1.5% in the first quarter. Collective Family Office LLC now owns 4,040 shares of the oil and gas company’s stock valued at $690,000 after buying an additional 58 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Valero Energy by 4.7% in the first quarter. Versant Capital Management Inc now owns 1,327 shares of the oil and gas company’s stock valued at $227,000 after purchasing an additional 59 shares during the period. Aua Capital Management LLC lifted its stake in shares of Valero Energy by 3.1% during the 1st quarter. Aua Capital Management LLC now owns 2,261 shares of the oil and gas company’s stock worth $386,000 after buying an additional 67 shares during the last quarter. United Community Bank boosted its holdings in shares of Valero Energy by 2.2% during the 4th quarter. United Community Bank now owns 3,416 shares of the oil and gas company’s stock worth $444,000 after buying an additional 75 shares during the period. Finally, Marino Stram & Associates LLC lifted its position in Valero Energy by 0.9% during the fourth quarter. Marino Stram & Associates LLC now owns 8,384 shares of the oil and gas company’s stock worth $1,090,000 after acquiring an additional 77 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Insider Transactions at Valero Energy

In other Valero Energy news, Director Kimberly S. Greene sold 720 shares of Valero Energy stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $158.12, for a total value of $113,846.40. Following the sale, the director now owns 13,314 shares of the company’s stock, valued at approximately $2,105,209.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on VLO. Wells Fargo & Company lowered their target price on Valero Energy from $184.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 6th. Barclays decreased their target price on Valero Energy from $179.00 to $173.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 30th. Scotiabank raised their price objective on Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. StockNews.com lowered Valero Energy from a “buy” rating to a “hold” rating in a research report on Sunday, June 23rd. Finally, Mizuho dropped their target price on shares of Valero Energy from $176.00 to $171.00 and set a “neutral” rating on the stock in a report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $172.00.

Valero Energy Stock Up 1.8 %

Shares of NYSE:VLO traded up $2.72 during trading on Friday, hitting $156.76. The stock had a trading volume of 3,899,070 shares, compared to its average volume of 2,947,304. The company has a market capitalization of $51.26 billion, a PE ratio of 7.76, a PEG ratio of 1.60 and a beta of 1.47. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 12 month low of $112.16 and a 12 month high of $184.79. The firm’s fifty day moving average is $157.35 and its 200 day moving average is $150.09.

Valero Energy (NYSE:VLO) last released its quarterly earnings results 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 return on equity of 24.82% and a net margin of 5.01%. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period last year, the business posted $8.27 EPS. Analysts anticipate that Valero Energy Co. will post 16.09 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, May 30th were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $4.28 dividend on an annualized basis and a yield of 2.73%. Valero Energy’s dividend payout ratio is presently 21.20%.

About Valero Energy

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.