Aaron Wealth Advisors LLC Makes New $255,000 Investment in Valero Energy Corporation $VLO

Key Points

• Aaron Wealth Advisors LLC has acquired 1,894 shares of Valero Energy Corporation ($VLO) worth approximately $255,000 in the second quarter.
• Several institutional investors, including Bank of New Hampshire and Czech National Bank, have significantly increased their stakes in Valero Energy, which is currently owned 78.69% by institutional investors.
• Valero Energy reported an EPS of $2.28 for the latest quarter, exceeding analyst expectations, though revenue declined by 13.3% year-over-year.

Aaron Wealth Advisors LLC bought a new position in Valero Energy Corporation (NYSE:VLO - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,894 shares of the oil and gas company's stock, valued at approximately $255,000.

A number of other large investors have also bought and sold shares of VLO. Wayfinding Financial LLC purchased a new stake in Valero Energy in the first quarter worth $26,000. Hazlett Burt & Watson Inc. grew its position in shares of Valero Energy by 156.6% in the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 130 shares in the last quarter. Ameriflex Group Inc. purchased a new position in shares of Valero Energy in the fourth quarter valued at $29,000. Hemington Wealth Management grew its position in shares of Valero Energy by 39.9% in the first quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company's stock valued at $43,000 after purchasing an additional 95 shares in the last quarter. Finally, Ransom Advisory Ltd purchased a new position in shares of Valero Energy in the first quarter valued at $43,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Price Performance

NYSE:VLO traded up $5.28 during trading hours on Tuesday, hitting $171.72. 484,892 shares of the company's stock traded hands, compared to its average volume of 3,216,277. The firm has a market cap of $53.35 billion, a P/E ratio of 71.60, a P/E/G ratio of 1.76 and a beta of 1.10. Valero Energy Corporation has a 52 week low of $99.00 and a 52 week high of $171.95. The business's fifty day simple moving average is $146.80 and its two-hundred day simple moving average is $134.42. 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 (NYSE:VLO - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) 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 return on equity of 5.76% and a net margin of 0.62%.The firm's quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter last year, the company earned $2.71 earnings per share. On average, research analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $4.52 annualized dividend and a yield of 2.6%. Valero Energy's payout ratio is 188.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Evercore ISI lifted their price target on Valero Energy from $135.00 to $185.00 and gave the company an "in-line" rating in a research report on Friday. Bank of America upgraded Valero Energy from a "neutral" rating to a "buy" rating and lifted their price target for the company from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Mizuho lifted their price target on Valero Energy from $166.00 to $190.00 and gave the company an "outperform" rating in a research report on Monday, September 15th. Piper Sandler lifted their price target on Valero Energy from $171.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, September 11th. Finally, Wolfe Research cut Valero Energy from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $165.00.

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.