Vanguard Group Inc. Grows Holdings in Valero Energy Co. (NYSE:VLO)

Vanguard Group Inc. increased its position in shares of Valero Energy Co. (NYSE:VLOGet Rating) by 3.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,955,666 shares of the oil and gas company’s stock after buying an additional 1,499,939 shares during the period. Vanguard Group Inc. owned about 11.75% of Valero Energy worth $4,869,418,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Exane Derivatives purchased a new stake in Valero Energy during the 1st quarter worth $25,000. DB Wealth Management Group LLC purchased a new stake in Valero Energy during the 1st quarter worth $27,000. Bromfield Sneider Wealth Advisors purchased a new stake in Valero Energy during the 1st quarter worth $28,000. Riverview Trust Co purchased a new stake in Valero Energy during the 1st quarter worth $29,000. Finally, Quent Capital LLC increased its stake in Valero Energy by 164.9% during the 1st quarter. Quent Capital LLC now owns 355 shares of the oil and gas company’s stock worth $36,000 after buying an additional 221 shares during the period. Hedge funds and other institutional investors own 79.78% of the company’s stock.

Valero Energy Stock Down 0.6 %

NYSE VLO opened at $111.93 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.25 and a quick ratio of 0.92. The company’s 50 day simple moving average is $111.17 and its 200 day simple moving average is $109.91. Valero Energy Co. has a 12 month low of $61.86 and a 12 month high of $146.80. The company has a market capitalization of $44.10 billion, a P/E ratio of 6.44, a PEG ratio of 0.70 and a beta of 1.68.

Valero Energy (NYSE:VLOGet Rating) last released its earnings results on Thursday, July 28th. The oil and gas company reported $11.36 EPS for the quarter, topping analysts’ consensus estimates of $6.33 by $5.03. Valero Energy had a net margin of 4.54% and a return on equity of 34.65%. The business had revenue of $51.64 billion for the quarter, compared to the consensus estimate of $40.73 billion. During the same period in the previous year, the firm earned $0.48 EPS. The business’s revenue for the quarter was up 86.1% on a year-over-year basis. Equities research analysts expect that Valero Energy Co. will post 26.69 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 4th were issued a dividend of $0.98 per share. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $3.92 dividend on an annualized basis and a dividend yield of 3.50%. Valero Energy’s dividend payout ratio is currently 22.57%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VLO. Barclays boosted their target price on shares of Valero Energy from $133.00 to $139.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 16th. StockNews.com raised shares of Valero Energy from a “buy” rating to a “strong-buy” rating in a research report on Monday. Credit Suisse Group boosted their target price on shares of Valero Energy to $145.00 in a research note on Thursday, June 9th. Piper Sandler boosted their target price on shares of Valero Energy from $142.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, August 24th. Finally, Morgan Stanley upped their price target on shares of Valero Energy from $125.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, July 15th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $132.23.

Valero Energy Company Profile

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Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids.

See Also

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

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