Gradient Investments LLC Buys 793 Shares of Valero Energy Co. (NYSE:VLO)

Gradient Investments LLC lifted its stake in shares of Valero Energy Co. (NYSE:VLOGet Rating) by 16.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,585 shares of the oil and gas company’s stock after acquiring an additional 793 shares during the quarter. Gradient Investments LLC’s holdings in Valero Energy were worth $567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Exane Derivatives acquired a new position in shares of Valero Energy in the 1st quarter worth approximately $25,000. DB Wealth Management Group LLC bought a new position in Valero Energy during the first quarter worth $27,000. Bromfield Sneider Wealth Advisors acquired a new position in Valero Energy in the first quarter valued at $28,000. Riverview Trust Co bought a new stake in Valero Energy during the first quarter valued at $29,000. Finally, Quent Capital LLC grew its holdings 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 acquiring an additional 221 shares during the period. 79.78% of the stock is owned by institutional investors and hedge funds.

Valero Energy Price Performance

Shares of NYSE VLO opened at $105.16 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 1.25. The firm’s 50-day simple moving average is $111.71 and its 200 day simple moving average is $110.82. The stock has a market cap of $41.43 billion, a price-to-earnings ratio of 6.05, a PEG ratio of 0.66 and a beta of 1.68. Valero Energy Co. has a fifty-two week low of $61.86 and a fifty-two week high of $146.80.

Valero Energy (NYSE:VLOGet Rating) last announced its earnings results on Thursday, July 28th. The oil and gas company reported $11.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $5.03. Valero Energy had a return on equity of 34.65% and a net margin of 4.54%. The company had revenue of $51.64 billion for the quarter, compared to analysts’ expectations of $40.73 billion. During the same quarter in the previous year, the firm earned $0.48 earnings per share. Valero Energy’s quarterly revenue was up 86.1% on a year-over-year basis. As a group, research analysts anticipate that Valero Energy Co. will post 27.5 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 4th were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date was Wednesday, August 3rd. Valero Energy’s payout ratio is currently 22.57%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays upped their target price on Valero Energy from $133.00 to $139.00 and gave the company an “overweight” rating in a research report on Tuesday, August 16th. Morgan Stanley lifted their price objective on shares of Valero Energy from $125.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, July 15th. Redburn Partners lowered shares of Valero Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 1st. BMO Capital Markets began coverage on shares of Valero Energy in a research note on Monday, June 13th. They issued a “market perform” rating and a $155.00 price target for the company. Finally, Piper Sandler cut their price objective on shares of Valero Energy from $150.00 to $148.00 and set an “overweight” rating on the stock in a research report on Monday. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $132.08.

About Valero Energy

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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.

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

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