Coppell Advisory Solutions Corp. Acquires Shares of 4,414 Valero Energy Co. (NYSE:VLO)

Coppell Advisory Solutions Corp. acquired a new position in Valero Energy Co. (NYSE:VLO) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 4,414 shares of the oil and gas company’s stock, valued at approximately $753,000.

Several other institutional investors also recently modified their holdings of the stock. Global Retirement Partners LLC grew its position in Valero Energy by 11.3% during the fourth quarter. Global Retirement Partners LLC now owns 3,755 shares of the oil and gas company’s stock valued at $486,000 after acquiring an additional 380 shares during the last quarter. Fifth Third Bancorp grew its position in Valero Energy by 22.9% during the fourth quarter. Fifth Third Bancorp now owns 14,705 shares of the oil and gas company’s stock valued at $1,912,000 after acquiring an additional 2,742 shares during the last quarter. Miracle Mile Advisors LLC grew its position in Valero Energy by 42.6% during the fourth quarter. Miracle Mile Advisors LLC now owns 2,432 shares of the oil and gas company’s stock valued at $316,000 after acquiring an additional 727 shares during the last quarter. Claro Advisors LLC purchased a new stake in shares of Valero Energy during the fourth quarter valued at approximately $398,000. Finally, Retirement Guys Formula LLC boosted its stake in shares of Valero Energy by 15.9% during the fourth quarter. Retirement Guys Formula LLC now owns 7,755 shares of the oil and gas company’s stock valued at $1,008,000 after purchasing an additional 1,065 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. TD Cowen dropped their price target on Valero Energy from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Barclays dropped their price target on Valero Energy from $171.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Mizuho raised Valero Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $165.00 to $175.00 in a research report on Wednesday, July 17th. Argus lowered Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. Finally, Piper Sandler lowered their price objective on 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 research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and a consensus target price of $174.00.

Valero Energy Stock Performance

Valero Energy stock traded down $5.25 during midday trading on Thursday, hitting $156.47. The stock had a trading volume of 862,576 shares, compared to its average volume of 3,058,354. The firm’s fifty day moving average is $153.49 and its two-hundred day moving average is $153.87. The company has a market capitalization of $51.17 billion, a PE ratio of 8.01, a P/E/G ratio of 3.15 and a beta of 1.42. Valero Energy Co. has a 52-week low of $119.88 and a 52-week high of $184.79. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.60 by $0.11. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The business had revenue of $34.49 billion during the quarter, compared to analyst estimates of $32.97 billion. During the same period last year, the firm posted $5.40 EPS. The company’s revenue was down .1% on a year-over-year basis. On average, research analysts forecast that Valero Energy Co. will post 12.99 EPS for the current year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st will be given a $1.07 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $4.28 dividend on an annualized basis and a yield of 2.74%. Valero Energy’s dividend payout ratio is presently 21.20%.

Insider Buying and Selling

In other news, Director Kimberly S. Greene sold 720 shares of Valero Energy stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $158.12, for a total transaction of $113,846.40. Following the completion of the sale, the director now directly owns 13,314 shares in the company, valued at $2,105,209.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.04% of the stock is owned by corporate insiders.

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.