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Crestwood Advisors Group LLC Makes New $345,000 Investment in Valero Energy Corporation (NYSE:VLO)

Valero Energy logo with Energy background

Crestwood Advisors Group LLC purchased a new stake in shares of Valero Energy Corporation (NYSE:VLO - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 2,610 shares of the oil and gas company's stock, valued at approximately $345,000.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in Valero Energy in the 4th quarter worth about $669,400,000. GAMMA Investing LLC raised its position in shares of Valero Energy by 15,395.5% during the 1st quarter. GAMMA Investing LLC now owns 1,355,699 shares of the oil and gas company's stock worth $179,047,000 after acquiring an additional 1,346,950 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Valero Energy in the fourth quarter valued at approximately $98,376,000. Northern Trust Corp grew its holdings in Valero Energy by 15.9% in the fourth quarter. Northern Trust Corp now owns 3,850,859 shares of the oil and gas company's stock valued at $472,077,000 after purchasing an additional 529,513 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Valero Energy by 22.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,864,418 shares of the oil and gas company's stock worth $351,151,000 after buying an additional 525,255 shares during the last quarter. Institutional investors own 78.69% of the company's stock.

Valero Energy Trading Up 1.2%

Shares of VLO stock traded up $1.69 during trading hours on Friday, reaching $142.03. 2,786,874 shares of the stock were exchanged, compared to its average volume of 3,458,177. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $167.78. The company's 50-day moving average price is $137.66 and its 200-day moving average price is $130.84. The firm has a market capitalization of $44.48 billion, a price-to-earnings ratio of 59.18, a price-to-earnings-growth ratio of 2.91 and a beta of 1.00. The company has a current ratio of 1.56, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.62. The company had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $27 billion. Valero Energy had a net margin of 0.62% and a return on equity of 5.74%. 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 firm posted $2.71 earnings per share. As a group, equities analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 3.18%. The ex-dividend date is Thursday, July 31st. Valero Energy's payout ratio is 188.33%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Raymond James Financial raised their price target on shares of Valero Energy from $155.00 to $172.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 15th. UBS Group increased their price objective on Valero Energy from $164.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday. Wolfe Research cut shares of Valero Energy from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Morgan Stanley boosted their price objective on shares of Valero Energy from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Finally, Evercore ISI initiated coverage on shares of Valero Energy in a research note on Wednesday, June 18th. They issued an "in-line" rating and a $135.00 price target on the stock. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Valero Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $153.87.

Check Out Our Latest Analysis on VLO

About Valero Energy

(Free Report)

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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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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