2,109 Shares in Valero Energy Corporation $VLO Acquired by KPP Advisory Services LLC

Key Points

• KPP Advisory Services LLC has acquired 2,109 shares of Valero Energy Corporation valued at approximately $283,000 in the second quarter.
• Valero Energy reported an earnings per share (EPS) of $2.28 for the last quarter, significantly beating the consensus estimate of $1.66.
• The company has declared a quarterly dividend of $1.13, which indicates an annualized dividend yield of 2.8%.

KPP Advisory Services LLC acquired a new stake in Valero Energy Corporation (NYSE:VLO - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,109 shares of the oil and gas company's stock, valued at approximately $283,000.

A number of other hedge funds have also modified their holdings of the business. Broadway Wealth Solutions Inc. increased its stake in Valero Energy by 3.8% in the second quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company's stock valued at $251,000 after purchasing an additional 69 shares during the period. Park Place Capital Corp increased its position in Valero Energy by 21.8% in the 2nd quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company's stock valued at $58,000 after acquiring an additional 75 shares during the period. Pinnacle Wealth Planning Services Inc. increased its position in Valero Energy by 1.4% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company's stock valued at $732,000 after acquiring an additional 78 shares during the period. Summit Financial LLC raised its stake in Valero Energy by 4.6% during the 1st quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company's stock valued at $239,000 after acquiring an additional 79 shares during the last quarter. Finally, Keeley Teton Advisors LLC lifted its position in Valero Energy by 1.1% during the 1st quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company's stock worth $1,025,000 after acquiring an additional 81 shares during the period. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Stock Performance

NYSE:VLO opened at $163.32 on Tuesday. The firm's fifty day simple moving average is $151.62 and its 200-day simple moving average is $137.18. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. The stock has a market cap of $50.74 billion, a PE ratio of 68.05, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $178.43.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, beating the consensus estimate of $1.66 by $0.62. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The firm had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $27 billion. During the same quarter last year, the business earned $2.71 earnings per share. The business's revenue for the quarter was down 13.3% compared to the same quarter last year. Analysts expect 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. Investors of record on Thursday, July 31st were issued a $1.13 dividend. The ex-dividend date was Thursday, July 31st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.8%. Valero Energy's dividend payout ratio is currently 188.33%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VLO. Wells Fargo & Company boosted their target price on Valero Energy from $151.00 to $168.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Citigroup downgraded shares of Valero Energy from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $134.00 to $150.00 in a research report on Wednesday, July 16th. TD Cowen downgraded shares of Valero Energy from a "buy" rating to a "hold" rating and lifted their target price for the company from $118.00 to $140.00 in a report on Tuesday, July 22nd. 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 note on Friday, September 19th. Finally, Wolfe Research downgraded shares of Valero Energy from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $166.07.

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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