Dynamic Advisor Solutions LLC Buys New Stake in Valero Energy Corporation (NYSE:VLO)

Dynamic Advisor Solutions LLC bought a new position in shares of Valero Energy Corporation (NYSE:VLO) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,498 shares of the oil and gas company’s stock, valued at approximately $462,000.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in Valero Energy during the 4th quarter valued at approximately $669,400,000. Vanguard Group Inc. lifted its holdings in shares of Valero Energy by 16.1% during the fourth quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company’s stock worth $4,257,024,000 after buying an additional 4,805,133 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Valero Energy by 15,395.5% in the first quarter. GAMMA Investing LLC now owns 1,355,699 shares of the oil and gas company’s stock valued at $179,047,000 after acquiring an additional 1,346,950 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Valero Energy in the fourth quarter worth $132,469,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Valero Energy during the fourth quarter worth $98,376,000. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Stock Performance

NYSE VLO opened at $139.42 on Thursday. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $167.78. The company has a 50 day moving average of $123.89 and a 200-day moving average of $127.58. The company has a current ratio of 1.56, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39. The firm has a market cap of $43.67 billion, a price-to-earnings ratio of 49.26, a PEG ratio of 2.51 and a beta of 0.99.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.27). The business had revenue of $28.76 billion for the quarter, compared to analyst estimates of $28.54 billion. Valero Energy had a net margin of 0.72% and a return on equity of 6.30%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.82 earnings per share. On average, equities analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th were given a dividend of $1.13 per share. The ex-dividend date was Tuesday, May 20th. This represents a $4.52 annualized dividend and a yield of 3.24%. Valero Energy’s dividend payout ratio (DPR) is 159.72%.

Wall Street Analyst Weigh In

VLO has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of Valero Energy from $152.00 to $147.00 and set an “overweight” rating for the company in a report on Monday, April 28th. The Goldman Sachs Group upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and increased their target price for the company from $127.00 to $154.00 in a research note on Tuesday, May 13th. Morgan Stanley lowered their price target on Valero Energy from $160.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Raymond James Financial reduced their price objective on Valero Energy from $165.00 to $155.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 9th. Finally, Piper Sandler decreased their price objective on Valero Energy from $144.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, May 9th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and an average target price of $150.88.

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.