Mackenzie Financial Corp Sells 49,988 Shares of Valero Energy Co. (NYSE:VLO)

Mackenzie Financial Corp lowered its stake in Valero Energy Co. (NYSE:VLO) by 26.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,006 shares of the oil and gas company’s stock after selling 49,988 shares during the quarter. Mackenzie Financial Corp’s holdings in Valero Energy were worth $21,947,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of VLO. Collective Family Office LLC raised its holdings in Valero Energy by 1.5% during the first quarter. Collective Family Office LLC now owns 4,040 shares of the oil and gas company’s stock worth $690,000 after buying an additional 58 shares during the last quarter. Versant Capital Management Inc lifted its position in Valero Energy by 4.7% in the 1st quarter. Versant Capital Management Inc now owns 1,327 shares of the oil and gas company’s stock valued at $227,000 after acquiring an additional 59 shares in the last quarter. International Private Wealth Advisors LLC boosted its stake in Valero Energy by 3.4% during the 2nd quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock valued at $309,000 after purchasing an additional 65 shares during the last quarter. Aua Capital Management LLC increased its holdings in Valero Energy by 3.1% during the 1st quarter. Aua Capital Management LLC now owns 2,261 shares of the oil and gas company’s stock worth $386,000 after purchasing an additional 67 shares in the last quarter. Finally, OmniStar Financial Group Inc. raised its stake in shares of Valero Energy by 1.6% in the second quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock worth $712,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Performance

Shares of VLO stock opened at $135.97 on Monday. The firm has a market capitalization of $43.56 billion, a PE ratio of 6.73, a P/E/G ratio of 3.31 and a beta of 1.40. The company has a 50 day moving average price of $144.01 and a 200-day moving average price of $154.61. Valero Energy Co. has a 52 week low of $119.88 and a 52 week 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.

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, beating the consensus estimate of $2.60 by $0.11. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The company had revenue of $34.49 billion for the quarter, compared to the consensus estimate of $32.97 billion. During the same period in the previous year, the business earned $5.40 earnings per share. Valero Energy’s quarterly revenue was down .1% compared to the same quarter last year. As a group, equities research analysts expect that Valero Energy Co. will post 10.26 earnings per share for the current year.

Valero Energy Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently weighed in on VLO shares. Wells Fargo & Company upped their price objective on shares of Valero Energy from $165.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 3rd. Scotiabank lifted their price target on Valero Energy from $165.00 to $173.00 and gave the stock a “sector outperform” rating in a report on Friday, July 12th. JPMorgan Chase & Co. reduced their price objective on Valero Energy from $178.00 to $172.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. Barclays lowered their target price on Valero Energy from $171.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Finally, Wolfe Research initiated coverage on shares of Valero Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $177.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $168.07.

Valero Energy 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.