Advisory Resource Group Has $6.68 Million Position in Valero Energy Corporation $VLO

Advisory Resource Group lifted its stake in Valero Energy Corporation (NYSE:VLO) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,710 shares of the oil and gas company’s stock after acquiring an additional 1,369 shares during the quarter. Valero Energy makes up 1.3% of Advisory Resource Group’s portfolio, making the stock its 15th biggest holding. Advisory Resource Group’s holdings in Valero Energy were worth $6,682,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Valero Energy by 12.0% in the first quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock worth $5,135,043,000 after buying an additional 4,155,522 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Valero Energy by 6.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock valued at $1,510,586,000 after acquiring an additional 736,533 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Valero Energy by 276.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock valued at $1,425,754,000 after acquiring an additional 7,931,018 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Valero Energy by 16.7% in the 2nd quarter. Geode Capital Management LLC now owns 8,141,511 shares of the oil and gas company’s stock worth $1,089,897,000 after purchasing an additional 1,164,217 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Valero Energy by 34.1% in the first quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock worth $647,823,000 after buying an additional 1,247,196 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Price Performance

Shares of VLO stock opened at $181.63 on Friday. The company has a market capitalization of $55.40 billion, a P/E ratio of 37.92, a P/E/G ratio of 1.77 and a beta of 1.01. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $183.93. The stock has a 50 day moving average of $166.75 and a two-hundred day moving average of $147.38.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 EPS 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 firm had revenue of $32.17 billion during the quarter, compared to analysts’ expectations of $28.80 billion. During the same period last year, the business earned $1.14 earnings per share. Valero Energy’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, equities analysts expect that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, November 20th will be paid a dividend of $1.13 per share. The ex-dividend date is Thursday, November 20th. This represents a $4.52 dividend on an annualized basis and a yield of 2.5%. Valero Energy’s dividend payout ratio (DPR) is currently 94.36%.

Wall Street Analyst Weigh In

Several brokerages recently commented on VLO. Wall Street Zen downgraded shares of Valero Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $152.00 to $179.00 in a research note on Wednesday, September 3rd. UBS Group restated a “buy” rating and set a $183.00 target price on shares of Valero Energy in a research note on Friday, October 24th. Erste Group Bank began coverage on Valero Energy in a research report on Monday, November 10th. They issued a “buy” rating on the stock. Finally, JPMorgan Chase & Co. increased their price objective on Valero Energy from $177.00 to $197.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, eleven 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 has a consensus rating of “Moderate Buy” and an average target price of $181.00.

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.