Valero Energy Corporation $VLO Shares Bought by Barclays PLC

Barclays PLC grew its position in Valero Energy Corporation (NYSE:VLOFree Report) by 5.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,143,672 shares of the oil and gas company’s stock after acquiring an additional 209,597 shares during the quarter. Barclays PLC owned about 1.36% of Valero Energy worth $705,502,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of VLO. Highline Wealth Partners LLC boosted its stake in Valero Energy by 70.2% during the 3rd quarter. Highline Wealth Partners LLC now owns 160 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 66 shares during the period. Global Wealth Strategies & Associates acquired a new position in Valero Energy in the third quarter valued at $34,000. Cypress Capital Management LLC WY purchased a new stake in shares of Valero Energy in the third quarter valued at about $34,000. Physician Wealth Advisors Inc. boosted its stake in shares of Valero Energy by 145.3% during the third quarter. Physician Wealth Advisors Inc. now owns 211 shares of the oil and gas company’s stock worth $36,000 after buying an additional 125 shares during the period. Finally, Hantz Financial Services Inc. grew its holdings in shares of Valero Energy by 1,277.8% during the second quarter. Hantz Financial Services Inc. now owns 248 shares of the oil and gas company’s stock worth $33,000 after buying an additional 230 shares during the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Price Performance

VLO stock opened at $227.75 on Friday. The firm has a 50 day moving average of $190.43 and a 200-day moving average of $174.09. The company has a market cap of $69.47 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 1.17 and a beta of 0.70. The company has a current ratio of 1.64, a quick ratio of 1.11 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 $232.99.

Valero Energy (NYSE:VLOGet Free Report) last released its quarterly earnings data on Thursday, January 29th. The oil and gas company reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.27 by $0.55. Valero Energy had a return on equity of 12.35% and a net margin of 1.91%.The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 earnings per share. As a group, equities analysts expect that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Thursday, February 5th will be paid a dividend of $1.20 per share. This is a boost from Valero Energy’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. Valero Energy’s dividend payout ratio is presently 62.83%.

Valero Energy News Roundup

Here are the key news stories impacting Valero Energy this week:

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Morgan Stanley upped their price objective on Valero Energy from $175.00 to $180.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 27th. Piper Sandler boosted their target price on Valero Energy from $217.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Citigroup upped their price target on Valero Energy from $190.00 to $212.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. UBS Group reaffirmed a “buy” rating on shares of Valero Energy in a report on Tuesday, January 6th. Finally, Wall Street Zen upgraded shares of Valero Energy from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $187.67.

View Our Latest Research Report on VLO

About Valero Energy

(Free Report)

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.

Further Reading

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

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