Daner Wealth Management LLC Invests $411,000 in Valero Energy Corporation $VLO

Daner Wealth Management LLC bought a new stake in shares of Valero Energy Corporation (NYSE:VLO) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,078 shares of the oil and gas company’s stock, valued at approximately $411,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Hancock Whitney Corp increased its stake in Valero Energy by 8.9% during the 1st quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock worth $6,138,000 after buying an additional 3,790 shares during the period. J.W. Cole Advisors Inc. boosted its position in Valero Energy by 26.3% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 10,571 shares of the oil and gas company’s stock valued at $1,421,000 after buying an additional 2,199 shares during the last quarter. FORA Capital LLC acquired a new stake in shares of Valero Energy during the first quarter valued at about $866,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Valero Energy by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 560,495 shares of the oil and gas company’s stock worth $74,025,000 after acquiring an additional 56,274 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in shares of Valero Energy by 20.5% in the second quarter. 1832 Asset Management L.P. now owns 1,436,759 shares of the oil and gas company’s stock worth $193,129,000 after acquiring an additional 244,675 shares in the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on VLO. Raymond James Financial restated a “strong-buy” rating and set a $195.00 price objective (up from $181.00) on shares of Valero Energy in a report on Friday, October 24th. JPMorgan Chase & Co. lifted their price target on shares of Valero Energy from $177.00 to $197.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Wall Street Zen cut shares of Valero Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday. Erste Group Bank started coverage on shares of Valero Energy in a research note on Monday, November 10th. They set a “buy” rating on the stock. Finally, Jefferies Financial Group boosted their target price on shares of Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $182.00.

Valero Energy Stock Performance

Valero Energy stock opened at $174.68 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $185.62. The company has a fifty day moving average price of $170.53 and a two-hundred day moving average price of $152.94. The company has a market cap of $53.28 billion, a PE ratio of 36.47, a P/E/G ratio of 0.88 and a beta of 0.76.

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

Valero Energy Announces Dividend

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

Insider Buying and Selling at Valero Energy

In related news, CFO Jason W. Fraser sold 9,933 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $174.02, for a total value of $1,728,540.66. Following the sale, the chief financial officer owned 134,196 shares of the company’s stock, valued at approximately $23,352,787.92. This trade represents a 6.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.

About Valero Energy

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.