Gentry Private Wealth LLC Invests $378,000 in Valero Energy Co. (NYSE:VLO)

Gentry Private Wealth LLC bought a new position in Valero Energy Co. (NYSE:VLO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,409 shares of the oil and gas company’s stock, valued at approximately $378,000.

Several other hedge funds also recently made changes to their positions in the company. EdgeRock Capital LLC bought a new stake in shares of Valero Energy in the 2nd quarter worth approximately $27,000. Lynx Investment Advisory bought a new stake in shares of Valero Energy in the 2nd quarter worth approximately $29,000. Summit Securities Group LLC bought a new stake in shares of Valero Energy in the 2nd quarter worth approximately $31,000. Rise Advisors LLC bought a new stake in shares of Valero Energy in the 1st quarter worth approximately $33,000. Finally, Pathway Financial Advisers LLC bought a new stake in shares of Valero Energy in the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Down 1.0 %

Shares of VLO stock opened at $134.20 on Friday. Valero Energy Co. has a 1 year low of $119.88 and a 1 year high of $184.79. The stock has a market cap of $42.99 billion, a PE ratio of 6.65, a price-to-earnings-growth ratio of 2.72 and a beta of 1.40. The business’s fifty day moving average is $148.79 and its 200-day moving average is $155.47. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.60 by $0.11. The company had revenue of $34.49 billion for the quarter, compared to analysts’ expectations of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm earned $5.40 EPS. Equities analysts expect that Valero Energy Co. will post 12.86 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st were issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Thursday, August 1st. Valero Energy’s payout ratio is 21.20%.

Analyst Ratings Changes

Several analysts recently issued reports on VLO shares. Wells Fargo & Company raised their price target on Valero Energy from $165.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday. Barclays cut their price target on Valero Energy from $171.00 to $165.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Argus downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Scotiabank lifted their target price on Valero Energy from $165.00 to $173.00 and gave the company a “sector outperform” rating in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. cut their target price on Valero Energy from $178.00 to $172.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Valero Energy has an average rating of “Moderate Buy” and an average target price of $174.50.

Valero Energy 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.