Mosaic Family Wealth Partners LLC Invests $701,000 in Valero Energy Corporation $VLO

Mosaic Family Wealth Partners LLC acquired a new position in shares of Valero Energy Corporation (NYSE:VLO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,690 shares of the oil and gas company’s stock, valued at approximately $701,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VLO. Whipplewood Advisors LLC increased its stake in shares of Valero Energy by 3,400.0% in the 1st quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 102 shares during the last quarter. JPL Wealth Management LLC bought a new position in Valero Energy during the 3rd quarter worth approximately $27,000. Financial Life Planners acquired a new position in Valero Energy during the first quarter valued at approximately $28,000. Valued Wealth Advisors LLC grew its holdings in Valero Energy by 134.0% during the first quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 67 shares during the period. Finally, Torren Management LLC bought a new stake in Valero Energy in the fourth quarter valued at approximately $30,000. Institutional investors own 78.69% of the company’s stock.

Insider Activity

In other news, SVP Eric A. Fisher sold 7,500 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $268.17, for a total value of $2,011,275.00. Following the sale, the senior vice president directly owned 19,742 shares in the company, valued at $5,294,212.14. The trade was a 27.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.36% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

VLO has been the topic of several analyst reports. UBS Group increased their target price on shares of Valero Energy from $280.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, July 31st. TD Cowen boosted their price target on shares of Valero Energy from $338.00 to $350.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Citigroup upped their price objective on shares of Valero Energy from $259.00 to $302.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Jefferies Financial Group set a $350.00 price objective on Valero Energy in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group boosted their target price on Valero Energy from $286.00 to $357.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $288.00.

Valero Energy Stock Down 0.5%

Shares of VLO stock opened at $341.36 on Friday. The firm has a fifty day moving average of $283.92 and a 200-day moving average of $247.97. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 0.37. Valero Energy Corporation has a 12-month low of $135.01 and a 12-month high of $346.09. The company has a market capitalization of $98.29 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 0.23 and a beta of 0.55.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 EPS for the quarter, topping analysts’ consensus estimates of $10.11 by $2.43. The business had revenue of $44.48 billion for the quarter, compared to analyst estimates of $39.47 billion. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The firm’s quarterly revenue was up 48.8% on a year-over-year basis. During the same period last year, the business posted $2.28 earnings per share. As a group, equities research analysts predict that Valero Energy Corporation will post 40.62 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, July 31st will be paid a $1.20 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $4.80 annualized dividend and a dividend yield of 1.4%. Valero Energy’s dividend payout ratio (DPR) is currently 19.92%.

Valero Energy Profile

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.