6,606 Shares in Valero Energy Co. (NYSE:VLO) Acquired by Procyon Advisors LLC

Procyon Advisors LLC bought a new stake in Valero Energy Co. (NYSE:VLO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,606 shares of the oil and gas company's stock, valued at approximately $872,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VLO. Ameriflex Group Inc. acquired a new position in shares of Valero Energy in the fourth quarter valued at approximately $29,000. Tobam acquired a new position in Valero Energy in the 4th quarter valued at approximately $30,000. OFI Invest Asset Management bought a new position in shares of Valero Energy during the fourth quarter valued at $37,000. Golden State Wealth Management LLC acquired a new position in shares of Valero Energy during the fourth quarter worth $38,000. Finally, Creative Capital Management Investments LLC grew its stake in shares of Valero Energy by 122.0% in the fourth quarter. Creative Capital Management Investments LLC now owns 333 shares of the oil and gas company's stock worth $41,000 after purchasing an additional 183 shares during the last quarter. Institutional investors own 78.69% of the company's stock.

Valero Energy Stock Up 1.2%

Shares of NYSE VLO opened at $128.35 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The firm has a market cap of $40.20 billion, a PE ratio of 15.14, a P/E/G ratio of 2.93 and a beta of 0.99. The company's fifty day simple moving average is $120.32 and its 200 day simple moving average is $127.75. Valero Energy Co. has a 12-month low of $99.00 and a 12-month high of $167.78.

Valero Energy (NYSE:VLO - Get Free Report) last released 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 company had revenue of $28.76 billion for the quarter, compared to the consensus estimate of $28.54 billion. During the same period last year, the company earned $3.82 EPS. Valero Energy's revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, May 20th will be paid a $1.13 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $4.52 dividend on an annualized basis and a yield of 3.52%. Valero Energy's dividend payout ratio (DPR) is presently 159.72%.

Analyst Ratings Changes

Several brokerages recently issued reports on VLO. Morgan Stanley lowered their target price on Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. UBS Group lowered their price objective on Valero Energy from $160.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, April 28th. TD Cowen reduced their target price on Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. decreased their target price on shares of Valero Energy from $152.00 to $147.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Finally, Barclays boosted their price target on shares of Valero Energy from $140.00 to $141.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $151.93.

About Valero Energy

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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