Sendero Wealth Management LLC Purchases Shares of 1,232 Valero Energy Co. (NYSE:VLO)

Sendero Wealth Management LLC acquired a new position in shares of Valero Energy Co. (NYSE:VLO) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,232 shares of the oil and gas company’s stock, valued at approximately $210,000.

A number of other hedge funds have also modified their holdings of the stock. BKM Wealth Management LLC acquired a new position in shares of Valero Energy in the 4th quarter valued at $26,000. Rise Advisors LLC purchased a new position in shares of Valero Energy in the first quarter worth approximately $33,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Valero Energy during the fourth quarter valued at approximately $36,000. FSC Wealth Advisors LLC purchased a new stake in shares of Valero Energy in the 4th quarter valued at approximately $38,000. Finally, McIlrath & Eck LLC boosted its stake in Valero Energy by 40.3% in the 3rd quarter. McIlrath & Eck LLC now owns 303 shares of the oil and gas company’s stock worth $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.

Insider Activity 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 transaction, the director now directly owns 13,314 shares of the company’s stock, valued at approximately $2,105,209.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.04% of the stock is owned by corporate insiders.

Valero Energy Stock Performance

Valero Energy stock traded up $2.73 during trading hours on Friday, reaching $156.77. 3,898,940 shares of the company were exchanged, compared to its average volume of 3,147,755. Valero Energy Co. has a 12 month low of $112.16 and a 12 month 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 has a 50-day moving average of $157.35 and a 200 day moving average of $150.09. The firm has a market cap of $51.26 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 1.53 and a beta of 1.47.

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 business had revenue of $31.76 billion during the quarter, compared to the consensus estimate of $32.02 billion. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. Valero Energy’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.27 EPS. As a group, research analysts anticipate that Valero Energy Co. will post 16.75 earnings per share for the current year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 30th will be paid a $1.07 dividend. The ex-dividend date is Thursday, May 30th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.73%. Valero Energy’s payout ratio is presently 21.20%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Citigroup increased their target price on Valero Energy from $160.00 to $192.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Barclays dropped their target price on Valero Energy from $179.00 to $173.00 and set an “overweight” rating on the stock in a report on Tuesday, April 30th. UBS Group raised their price target on shares of Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a report on Tuesday, March 26th. JPMorgan Chase & Co. upped their price objective on shares of Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Finally, Scotiabank boosted their price target on shares of Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus 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.