Assetmark Inc. Has $316,000 Stake in Valero Energy Corporation $VLO

Assetmark Inc. boosted its stake in shares of Valero Energy Corporation (NYSE:VLO) by 57.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,348 shares of the oil and gas company’s stock after purchasing an additional 858 shares during the quarter. Assetmark Inc.’s holdings in Valero Energy were worth $316,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Broadway Wealth Solutions Inc. raised its position in shares of Valero Energy by 3.8% during the second quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock valued at $251,000 after buying an additional 69 shares during the last quarter. Park Place Capital Corp raised its position in shares of Valero Energy by 21.8% during the second quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock worth $58,000 after acquiring an additional 75 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Valero Energy by 1.4% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock valued at $732,000 after purchasing an additional 78 shares during the last quarter. Summit Financial LLC boosted its stake in Valero Energy by 4.6% in the first quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock valued at $239,000 after acquiring an additional 79 shares during the last quarter. Finally, Keeley Teton Advisors LLC increased its holdings in Valero Energy by 1.1% in the first quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock valued at $1,025,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Raymond James Financial reissued a “strong-buy” rating and issued a $195.00 price target (up previously from $181.00) on shares of Valero Energy in a report on Friday, October 24th. TD Cowen boosted their price target on Valero Energy from $162.00 to $165.00 and gave the stock a “hold” rating in a research report on Friday, October 24th. Piper Sandler boosted their price target on Valero Energy from $200.00 to $201.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a report on Wednesday, October 8th. Finally, Jefferies Financial Group lifted their target price on Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $179.27.

Valero Energy Stock Performance

NYSE VLO opened at $175.22 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.60. The stock has a market cap of $53.44 billion, a PE ratio of 36.58, a PEG ratio of 1.77 and a beta of 1.01. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $179.10. The firm’s fifty day moving average price is $164.33 and its two-hundred day moving average price is $145.11.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.51. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The company had revenue of $32.17 billion for the quarter, compared to analysts’ expectations of $28.80 billion. During the same period in the previous year, the business posted $1.14 earnings per share. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, equities analysts expect that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, November 20th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 20th. Valero Energy’s payout ratio is currently 94.36%.

Valero Energy Company 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.