Moors & Cabot Inc. Sells 405 Shares of Valero Energy Co. (NYSE:VLO)

Moors & Cabot Inc. trimmed its holdings in shares of Valero Energy Co. (NYSE:VLO) by 3.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 12,033 shares of the oil and gas company’s stock after selling 405 shares during the period. Moors & Cabot Inc.’s holdings in Valero Energy were worth $1,886,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in VLO. EdgeRock Capital LLC bought a new position in Valero Energy during the second quarter worth about $27,000. Lynx Investment Advisory bought a new position in shares of Valero Energy during the 2nd quarter worth approximately $29,000. Pathway Financial Advisers LLC acquired a new stake in Valero Energy in the 1st quarter valued at $33,000. Rise Advisors LLC acquired a new stake in Valero Energy in the 1st quarter valued at $33,000. Finally, Summit Securities Group LLC acquired a new stake in Valero Energy in the 2nd quarter valued at $31,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VLO has been the topic of several recent analyst reports. Scotiabank boosted their price target 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. JPMorgan Chase & Co. decreased their price target 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. Wells Fargo & Company boosted their price target on Valero Energy from $165.00 to $172.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 3rd. StockNews.com lowered Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Mizuho decreased their price target on Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $171.36.

Valero Energy Trading Up 1.6 %

VLO stock opened at $135.85 on Wednesday. The company has a market cap of $43.52 billion, a P/E ratio of 6.73, a PEG ratio of 2.72 and a beta of 1.40. Valero Energy Co. has a twelve month low of $119.88 and a twelve month high of $184.79. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average of $146.01 and a 200-day moving average of $155.37.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $0.11. The company had revenue of $34.49 billion during the quarter, compared to the consensus estimate of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.40 earnings per share. As a group, equities research analysts expect that Valero Energy Co. will post 12.3 EPS for the current year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 1st were given a dividend of $1.07 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.15%. Valero Energy’s payout ratio is currently 21.20%.

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.