BOK Financial Private Wealth Inc. Acquires Shares of 375 Valero Energy Co. (NYSE:VLO)

BOK Financial Private Wealth Inc. acquired a new stake in Valero Energy Co. (NYSE:VLO) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 375 shares of the oil and gas company’s stock, valued at approximately $64,000.

Several other institutional investors and hedge funds have also recently modified their holdings of VLO. BKM Wealth Management LLC acquired a new position in shares of Valero Energy in the fourth quarter valued at about $26,000. Rise Advisors LLC acquired a new position in shares of Valero Energy in the first quarter valued at approximately $33,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Valero Energy in the fourth quarter valued at approximately $36,000. FSC Wealth Advisors LLC acquired a new stake in Valero Energy during the 4th quarter valued at approximately $38,000. Finally, McIlrath & Eck LLC increased its position in Valero Energy by 40.3% during the 3rd quarter. McIlrath & Eck LLC now owns 303 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 87 shares during the period. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Valero Energy news, Director Kimberly S. Greene sold 720 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was 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 $2,105,209.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.47% of the company’s stock.

Valero Energy Stock Down 3.6 %

VLO traded down $5.72 during trading on Friday, reaching $152.78. The stock had a trading volume of 2,416,520 shares, compared to its average volume of 2,737,545. Valero Energy Co. has a one year low of $112.16 and a one year high of $184.79. The company has a current ratio of 1.59, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average is $156.40 and its two-hundred day moving average is $151.14. The company has a market capitalization of $49.96 billion, a price-to-earnings ratio of 7.57, a P/E/G ratio of 1.64 and a beta of 1.42.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $3.82 EPS for the quarter, beating the consensus estimate of $3.18 by $0.64. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The company had revenue of $31.76 billion for the quarter, compared to analysts’ expectations of $32.02 billion. During the same period last year, the firm posted $8.27 earnings per share. Valero Energy’s revenue was down 12.8% compared to the same quarter last year. As a group, analysts expect that Valero Energy Co. will post 16.09 earnings per share for the current year.

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, May 30th were given a $1.07 dividend. The ex-dividend date was Thursday, May 30th. This represents a $4.28 annualized dividend and a yield of 2.80%. Valero Energy’s payout ratio is 21.20%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on VLO shares. UBS Group increased their target price on shares of Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a research report on Tuesday, March 26th. Scotiabank increased their target price on shares of Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. StockNews.com raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research report on Monday, July 1st. Mizuho reduced their price objective on shares of Valero Energy from $176.00 to $171.00 and set a “neutral” rating for the company in a research report on Thursday, June 20th. Finally, Piper Sandler reduced their price objective on shares of Valero Energy from $187.00 to $169.00 and set an “overweight” rating for the company in a research report on Friday, June 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $171.47.

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.