Kingswood Wealth Advisors LLC Buys 313 Shares of Valero Energy Co. (NYSE:VLO)

Kingswood Wealth Advisors LLC increased its stake in Valero Energy Co. (NYSE:VLO) by 5.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,536 shares of the oil and gas company’s stock after buying an additional 313 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Valero Energy were worth $1,116,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Operose Advisors LLC bought a new position in shares of Valero Energy during the 3rd quarter worth $99,000. Trexquant Investment LP purchased a new position in shares of Valero Energy in the 3rd quarter valued at approximately $4,263,000. Trustmark National Bank Trust Department lifted its position in Valero Energy by 82.1% during the 3rd quarter. Trustmark National Bank Trust Department now owns 6,255 shares of the oil and gas company’s stock worth $886,000 after acquiring an additional 2,821 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Valero Energy by 538.8% in the third quarter. Tower Research Capital LLC TRC now owns 25,954 shares of the oil and gas company’s stock worth $3,678,000 after purchasing an additional 21,891 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its stake in shares of Valero Energy by 3.9% in the third quarter. Van Lanschot Kempen Investment Management N.V. now owns 17,745 shares of the oil and gas company’s stock worth $2,515,000 after acquiring an additional 663 shares during the period. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Down 0.2 %

Valero Energy stock traded down $0.27 during midday trading on Wednesday, hitting $153.52. 3,842,940 shares of the stock were exchanged, compared to its average volume of 3,146,577. The company has a 50 day moving average price of $157.94 and a two-hundred day moving average price of $149.80. 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 firm has a market cap of $50.20 billion, a P/E ratio of 7.61, a P/E/G ratio of 1.50 and a beta of 1.47. Valero Energy Co. has a 1 year low of $112.04 and a 1 year high of $184.79.

Valero Energy (NYSE:VLO) 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 the consensus estimate of $3.18 by $0.64. The company 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%. Valero Energy’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 business earned $8.27 EPS. On average, sell-side analysts predict that Valero Energy Co. will post 17.09 earnings per share 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. Investors of record on Thursday, May 30th will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Thursday, May 30th. Valero Energy’s dividend payout ratio is currently 21.20%.

Insider Transactions at Valero Energy

In other news, Director Kimberly S. Greene sold 720 shares of Valero Energy 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 completion of the transaction, the director now directly owns 13,314 shares of the company’s stock, valued at approximately $2,105,209.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VLO. UBS Group upped their price objective on shares of Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $156.00 to $210.00 in a research report on Friday, March 15th. TD Cowen reduced their price objective on Valero Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Piper Sandler decreased their price objective on Valero Energy from $187.00 to $169.00 and set an “overweight” rating for the company in a research note on Friday, June 14th. Finally, Wells Fargo & Company cut their target price on shares of 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $172.00.

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.