Arkfeld Wealth Strategies L.L.C. purchased a new position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,368 shares of the oil and gas company's stock, valued at approximately $340,000.
Other hedge funds also recently modified their holdings of the company. Kestra Private Wealth Services LLC raised its position in shares of Valero Energy by 18.5% during the first quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company's stock worth $2,959,000 after purchasing an additional 3,503 shares during the period. Hancock Whitney Corp raised its position in Valero Energy by 8.9% in the 1st quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company's stock valued at $6,138,000 after buying an additional 3,790 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in Valero Energy in the 1st quarter valued at approximately $766,000. Sendero Wealth Management LLC raised its position in Valero Energy by 11.0% in the 1st quarter. Sendero Wealth Management LLC now owns 20,198 shares of the oil and gas company's stock valued at $2,668,000 after buying an additional 2,000 shares during the last quarter. Finally, FORA Capital LLC acquired a new stake in Valero Energy in the 1st quarter valued at approximately $866,000. Institutional investors and hedge funds own 78.69% of the company's stock.
Valero Energy Price Performance
NYSE VLO traded down $1.30 during midday trading on Friday, hitting $162.55. The company had a trading volume of 8,119,393 shares, compared to its average volume of 2,495,504. The company has a market capitalization of $50.50 billion, a PE ratio of 67.73, a P/E/G ratio of 1.76 and a beta of 1.10. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average price of $146.45 and a 200-day moving average price of $134.09. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $165.65.
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 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.62. The firm had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The company's quarterly revenue was down 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.71 EPS. As a group, analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.
Valero Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were issued a $1.13 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $4.52 annualized dividend and a yield of 2.8%. Valero Energy's payout ratio is currently 188.33%.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on VLO. Raymond James Financial lifted their target price on Valero Energy from $170.00 to $177.00 and gave the company a "strong-buy" rating in a research report on Tuesday, September 9th. Evercore ISI lifted their target price 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 raised Valero Energy from a "neutral" rating to a "buy" rating and lifted their target price for the company from $152.00 to $179.00 in a research report on Wednesday, September 3rd. TD Cowen lowered Valero Energy from a "buy" rating to a "hold" rating and boosted their price target for the stock from $118.00 to $140.00 in a research report on Tuesday, July 22nd. Finally, Morgan Stanley boosted their price target on Valero Energy from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Valero Energy currently has an average rating of "Moderate Buy" and an average target price of $163.80.
Check Out Our Latest Research Report on Valero Energy
Valero Energy Profile
(
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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