1,646 Shares in Valero Energy Corporation $VLO Acquired by Cyndeo Wealth Partners LLC

Key Points

• Cyndeo Wealth Partners LLC purchased 1,646 shares of Valero Energy Corporation, valued at approximately $221,000, during the 2nd quarter.
• Valero Energy recently saw **mixed analyst ratings**, with Morgan Stanley downgrading their rating while Jefferies Financial Group increased its price target, illustrating varied expectations among analysts.
• The company reported **strong quarterly earnings**, beating consensus estimates with $2.28 earnings per share and a revenue of $29.89 billion, despite a 13.3% decrease compared to the previous year.

Cyndeo Wealth Partners LLC bought a new position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,646 shares of the oil and gas company's stock, valued at approximately $221,000.

Other hedge funds have also added to or reduced their stakes in the company. Hoey Investments Inc. acquired a new stake in Valero Energy during the 2nd quarter worth approximately $26,000. Wayfinding Financial LLC acquired a new stake in Valero Energy during the 1st quarter worth approximately $26,000. GFG Capital LLC acquired a new stake in Valero Energy during the 2nd quarter worth approximately $27,000. Hazlett Burt & Watson Inc. boosted its position in Valero Energy by 156.6% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company's stock worth $28,000 after buying an additional 130 shares during the period. Finally, Ransom Advisory Ltd acquired a new stake in Valero Energy during the 1st quarter worth approximately $43,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on VLO shares. Morgan Stanley downgraded shares of Valero Energy from an "overweight" rating to an "equal weight" rating and lifted their target price for the stock from $160.00 to $175.00 in a research report on Friday, October 3rd. Jefferies Financial Group boosted their price target on shares of Valero Energy from $181.00 to $194.00 and gave the stock a "buy" rating in a research report on Friday. Citigroup downgraded shares of Valero Energy from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $134.00 to $150.00 in a research report on Wednesday, July 16th. Piper Sandler boosted their price target on shares of Valero Energy from $171.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, September 11th. Finally, Evercore ISI boosted their price target on shares of Valero Energy from $135.00 to $185.00 and gave the stock an "in-line" rating in a research report on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Valero Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $169.80.

Valero Energy Stock Performance

NYSE:VLO opened at $158.19 on Friday. The company has a fifty day moving average of $153.45 and a 200-day moving average of $137.94. The firm has a market capitalization of $49.14 billion, a P/E ratio of 65.91, a P/E/G ratio of 1.69 and a beta of 1.05. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.62. The company had revenue of $29.89 billion during the quarter, compared to analyst estimates of $27 billion. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. Valero Energy's revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.71 EPS. As a group, sell-side analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, July 31st were paid a $1.13 dividend. The ex-dividend date was Thursday, July 31st. This represents a $4.52 annualized dividend and a dividend yield of 2.9%. Valero Energy's payout ratio is currently 188.33%.

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.

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