Corigliano Investment Advisers LLC Makes New Investment in Valero Energy Co. (NYSE:VLO)

Corigliano Investment Advisers LLC bought a new stake in Valero Energy Co. (NYSE:VLO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 68,000 shares of the oil and gas company's stock, valued at approximately $8,336,000. Valero Energy accounts for about 4.0% of Corigliano Investment Advisers LLC's portfolio, making the stock its 9th largest holding.

Other large investors have also added to or reduced their stakes in the company. World Investment Advisors LLC raised its holdings in shares of Valero Energy by 34.7% during the third quarter. World Investment Advisors LLC now owns 4,245 shares of the oil and gas company's stock valued at $573,000 after acquiring an additional 1,093 shares during the period. Principal Financial Group Inc. raised its stake in shares of Valero Energy by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 368,454 shares of the oil and gas company's stock valued at $49,752,000 after buying an additional 3,065 shares in the last quarter. Collective Family Office LLC grew its holdings in shares of Valero Energy by 30.6% in the 4th quarter. Collective Family Office LLC now owns 5,272 shares of the oil and gas company's stock worth $646,000 after purchasing an additional 1,235 shares during the last quarter. Fulton Bank N.A. grew its holdings in Valero Energy by 4.6% during the 4th quarter. Fulton Bank N.A. now owns 13,355 shares of the oil and gas company's stock worth $1,637,000 after acquiring an additional 587 shares during the last quarter. Finally, Douglas Lane & Associates LLC grew its holdings in Valero Energy by 10.7% during the 4th quarter. Douglas Lane & Associates LLC now owns 30,528 shares of the oil and gas company's stock worth $3,742,000 after acquiring an additional 2,963 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Price Performance

Shares of NYSE:VLO traded up $6.69 during midday trading on Monday, hitting $129.62. The company had a trading volume of 1,872,724 shares, compared to its average volume of 3,022,005. Valero Energy Co. has a twelve month low of $99.00 and a twelve month high of $167.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The stock has a market cap of $40.60 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 2.93 and a beta of 0.98. The business's 50-day simple moving average is $120.15 and its 200-day simple moving average is $128.42.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) 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 analysts' expectations of $28.54 billion. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. The firm's quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm earned $3.82 earnings per share. On average, research analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, May 20th will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Tuesday, May 20th. Valero Energy's payout ratio is 159.72%.

Wall Street Analyst Weigh In

VLO has been the subject of several research reports. The Goldman Sachs Group raised shares of Valero Energy from a "sell" rating to a "neutral" rating and raised their price target for the stock from $115.00 to $127.00 in a research note on Monday, April 28th. Scotiabank dropped their target price on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Tudor Pickering raised Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Wells Fargo & Company dropped their price target on Valero Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Finally, Raymond James dropped their price target on Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $149.53.

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.