2,146 Shares in Valero Energy Co. (NYSE:VLO) Purchased by Portside Wealth Group LLC

Portside Wealth Group LLC bought a new stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,146 shares of the oil and gas company's stock, valued at approximately $263,000.

Several other large investors have also modified their holdings of VLO. World Investment Advisors boosted its holdings in Valero Energy by 1.8% during the 4th quarter. World Investment Advisors now owns 4,323 shares of the oil and gas company's stock valued at $530,000 after acquiring an additional 78 shares during the period. Silver Coast Investments LLC lifted its position in shares of Valero Energy by 1.7% during the fourth quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company's stock worth $622,000 after purchasing an additional 83 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its stake in shares of Valero Energy by 6.6% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company's stock valued at $186,000 after purchasing an additional 94 shares during the period. Providence Wealth Advisors LLC grew its holdings in shares of Valero Energy by 1.1% in the fourth quarter. Providence Wealth Advisors LLC now owns 8,878 shares of the oil and gas company's stock worth $1,086,000 after purchasing an additional 94 shares during the last quarter. Finally, KCM Investment Advisors LLC increased its stake in Valero Energy by 1.8% in the 4th quarter. KCM Investment Advisors LLC now owns 5,497 shares of the oil and gas company's stock worth $674,000 after buying an additional 99 shares during the period. Hedge funds and other institutional investors own 78.69% of the company's stock.

Valero Energy Price Performance

VLO opened at $126.78 on Friday. The firm has a market capitalization of $39.71 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 2.93 and a beta of 0.98. 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 business's 50-day moving average is $120.42 and its two-hundred day moving average is $127.94. Valero Energy Co. has a 1 year low of $99.00 and a 1 year high of $167.78.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings data 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). Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. The firm had revenue of $28.76 billion during the quarter, compared to analysts' expectations of $28.54 billion. During the same period in the previous year, the firm earned $3.82 EPS. The firm's quarterly revenue was down 4.7% on a year-over-year basis. Research analysts anticipate that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, May 20th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Tuesday, May 20th. Valero Energy's payout ratio is presently 159.72%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Piper Sandler lowered their price objective on shares of Valero Energy from $144.00 to $140.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Mizuho boosted their price target on Valero Energy from $158.00 to $166.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. TD Cowen reduced their price objective on Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Raymond James decreased their target price on Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group raised Valero Energy from a "neutral" rating to a "buy" rating and increased their price target for the stock from $127.00 to $154.00 in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Valero Energy has an average rating of "Buy" and a consensus target price of $151.93.

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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