Bayforest Capital Ltd Invests $560,000 in Valero Energy Corporation $VLO

Key Points

• Bayforest Capital Ltd has invested approximately $560,000 in Valero Energy Corporation, acquiring 4,237 shares in the company.
• Valero Energy reported earnings per share of $2.28 for the latest quarter, exceeding estimates of $1.66, but revenue decreased 13.3% year-over-year.
• The company has announced a quarterly dividend of $1.13, resulting in an annualized dividend yield of 2.8%, with a payout ratio of 188.33%.

Bayforest Capital Ltd acquired a new position in Valero Energy Corporation (NYSE:VLO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,237 shares of the oil and gas company's stock, valued at approximately $560,000.

A number of other institutional investors have also recently made changes to their positions in VLO. Wayfinding Financial LLC acquired a new stake in shares of Valero Energy in the 1st quarter worth $26,000. Hazlett Burt & Watson Inc. grew its holdings in shares of Valero Energy by 156.6% during the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company's stock valued at $28,000 after buying an additional 130 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in shares of Valero Energy during the fourth quarter valued at $29,000. Hemington Wealth Management grew its holdings in shares of Valero Energy by 39.9% during the first quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company's stock valued at $43,000 after buying an additional 95 shares during the last quarter. Finally, Iron Horse Wealth Management LLC purchased a new stake in shares of Valero Energy during the first quarter valued at $44,000. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Trading Up 2.8%

VLO stock opened at $161.83 on Wednesday. The company's 50-day simple moving average is $144.37 and its 200-day simple moving average is $132.38. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $163.02. The firm has a market cap of $50.27 billion, a P/E ratio of 67.43, a PEG ratio of 1.86 and a beta of 1.10.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, topping 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 the consensus estimate of $27 billion. During the same quarter in the prior year, the firm earned $2.71 EPS. The company's revenue for the quarter was down 13.3% on a year-over-year basis. As a group, equities analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, July 31st. Valero Energy's payout ratio is presently 188.33%.

Analyst Ratings Changes

VLO has been the topic of a number of research analyst reports. Piper Sandler boosted their price objective on shares of Valero Energy from $159.00 to $168.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Evercore ISI started coverage on Valero Energy in a research note on Wednesday, June 18th. They set an "in-line" rating and a $135.00 price objective for the company. Wells Fargo & Company lifted their price objective on Valero Energy from $151.00 to $168.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. UBS Group lifted their price objective on Valero Energy from $164.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, TD Cowen lowered Valero Energy from a "buy" rating to a "hold" rating and lifted their price objective for the company from $118.00 to $140.00 in a research note on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $156.73.

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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