Proffitt & Goodson Inc. Acquires 685 Shares of Valero Energy Co. (NYSE:VLO)

Proffitt & Goodson Inc. increased its holdings in Valero Energy Co. (NYSE:VLO) by 13.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,754 shares of the oil and gas company’s stock after purchasing an additional 685 shares during the period. Proffitt & Goodson Inc.’s holdings in Valero Energy were worth $493,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Westside Investment Management Inc. bought a new position in Valero Energy during the second quarter valued at $40,000. Access Financial Services Inc. increased its position in Valero Energy by 7.0% during the second quarter. Access Financial Services Inc. now owns 21,047 shares of the oil and gas company’s stock valued at $1,802,000 after acquiring an additional 1,376 shares during the last quarter. Evermay Wealth Management LLC increased its position in Valero Energy by 12.3% during the second quarter. Evermay Wealth Management LLC now owns 15,652 shares of the oil and gas company’s stock valued at $1,340,000 after acquiring an additional 1,715 shares during the last quarter. Avitas Wealth Management LLC increased its position in Valero Energy by 18.9% during the second quarter. Avitas Wealth Management LLC now owns 42,095 shares of the oil and gas company’s stock valued at $3,604,000 after acquiring an additional 6,702 shares during the last quarter. Finally, Convergence Investment Partners LLC increased its position in Valero Energy by 1.0% during the second quarter. Convergence Investment Partners LLC now owns 61,527 shares of the oil and gas company’s stock valued at $5,267,000 after acquiring an additional 632 shares during the last quarter. Institutional investors own 77.13% of the company’s stock.

A number of research analysts have weighed in on VLO shares. Raymond James boosted their price objective on shares of Valero Energy from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. ValuEngine lowered shares of Valero Energy from a “hold” rating to a “sell” rating in a research note on Friday. Wells Fargo & Co set a $107.00 target price on shares of Valero Energy and gave the company a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. raised shares of Valero Energy from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $102.00 to $105.00 in a research note on Tuesday, May 14th. Finally, Goldman Sachs Group raised shares of Valero Energy from a “neutral” rating to a “buy” rating and lowered their target price for the company from $96.00 to $92.00 in a research note on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $105.47.

Shares of VLO traded down $2.27 during trading hours on Friday, reaching $82.07. 3,289,643 shares of the company traded hands, compared to its average volume of 2,731,601. The stock has a market capitalization of $35.19 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 1.98 and a beta of 1.48. Valero Energy Co. has a 12-month low of $68.81 and a 12-month high of $122.42. The company has a current ratio of 1.43, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. The stock has a fifty day moving average of $82.72.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.14. Valero Energy had a net margin of 2.27% and a return on equity of 11.23%. The company had revenue of $28.93 billion during the quarter, compared to analyst estimates of $25.45 billion. During the same period in the prior year, the firm earned $2.15 earnings per share. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, equities analysts expect that Valero Energy Co. will post 5.32 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 6th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date is Monday, August 5th. Valero Energy’s dividend payout ratio (DPR) is presently 48.85%.

About Valero Energy

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.

Recommended Story: What is an overbought condition?

Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.