Pasadena Private Wealth LLC Buys 466 Shares of Valero Energy Co. (NYSE:VLO)

Pasadena Private Wealth LLC increased its stake in Valero Energy Co. (NYSE:VLO) by 20.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,696 shares of the oil and gas company’s stock after purchasing an additional 466 shares during the period. Pasadena Private Wealth LLC’s holdings in Valero Energy were worth $316,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Stone House Investment Management LLC acquired a new stake in Valero Energy during the 1st quarter worth $27,000. Sageworth Trust Co grew its holdings in Valero Energy by 716.7% during the 1st quarter. Sageworth Trust Co now owns 196 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 172 shares during the period. Live Oak Investment Partners acquired a new stake in Valero Energy during the 4th quarter worth $26,000. McIlrath & Eck LLC grew its holdings in shares of Valero Energy by 217.6% in the 1st quarter. McIlrath & Eck LLC now owns 216 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 148 shares during the period. Finally, Quarry LP grew its holdings in shares of Valero Energy by 1,676.9% in the 1st quarter. Quarry LP now owns 231 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 218 shares during the period. Institutional investors own 77.07% of the company’s stock.

Valero Energy Stock Up 1.4 %

Shares of NYSE VLO traded up $2.06 during mid-day trading on Monday, reaching $145.74. 1,927,205 shares of the company’s stock traded hands, compared to its average volume of 4,115,024. The stock has a market cap of $51.47 billion, a P/E ratio of 5.08, a PEG ratio of 1.00 and a beta of 1.66. The business has a 50-day simple moving average of $129.60 and a 200 day simple moving average of $123.61. Valero Energy Co. has a 1-year low of $97.73 and a 1-year high of $150.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.59 and a quick ratio of 1.12.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.08 by $0.32. Valero Energy had a net margin of 6.96% and a return on equity of 42.31%. The business had revenue of $34.51 billion for the quarter, compared to analysts’ expectations of $34.37 billion. During the same period in the previous year, the company earned $11.36 earnings per share. The firm’s revenue for the quarter was down 33.2% compared to the same quarter last year. On average, analysts expect that Valero Energy Co. will post 24.41 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Thursday, August 3rd were given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Wednesday, August 2nd. Valero Energy’s dividend payout ratio (DPR) is currently 14.05%.

Insider Activity

In related news, Director Joseph W. Gorder sold 75,580 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $135.99, for a total transaction of $10,278,124.20. Following the completion of the transaction, the director now owns 621,872 shares of the company’s stock, valued at $84,568,373.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Monday, July 31st. Bank of America boosted their price target on shares of Valero Energy from $152.00 to $161.00 in a research report on Monday. JPMorgan Chase & Co. cut their price target on shares of Valero Energy from $172.00 to $171.00 in a research report on Friday, July 7th. The Goldman Sachs Group boosted their price target on shares of Valero Energy from $113.00 to $128.00 and gave the stock a “sell” rating in a research report on Friday, September 1st. Finally, Wells Fargo & Company upped their target price on shares of Valero Energy from $135.00 to $144.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $154.00.

About Valero Energy

Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending and Conventional Blendstock for Oxygenate Blending gasolines, CARB diesel, diesel, jet fuel, and asphalt; aromatics; and sulfur crude oils.