Belpointe Asset Management LLC Has $854,000 Position in Valero Energy Corporation $VLO

Key Points

• Belpointe Asset Management LLC reduced its holdings in Valero Energy Corporation by 30.3% in the first quarter, owning 6,464 shares valued at $854,000 after selling 2,805 shares.
• Vanguard Group Inc. boosted its position in Valero Energy by 12.0%, now owning over 38.8 million shares worth approximately $5.14 billion.
• Valero Energy reported an EPS of $2.28 for the last quarter, exceeding expectations of $1.66, while also declaring a quarterly dividend of $1.13 per share.

Belpointe Asset Management LLC lowered its position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 30.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,464 shares of the oil and gas company's stock after selling 2,805 shares during the quarter. Belpointe Asset Management LLC's holdings in Valero Energy were worth $854,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Valero Energy by 12.0% during the first quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company's stock worth $5,135,043,000 after purchasing an additional 4,155,522 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Valero Energy by 6.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company's stock valued at $1,510,586,000 after purchasing an additional 736,533 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Valero Energy by 276.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company's stock valued at $1,425,754,000 after purchasing an additional 7,931,018 shares during the period. Invesco Ltd. grew its stake in shares of Valero Energy by 34.1% in the first quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company's stock valued at $647,823,000 after acquiring an additional 1,247,196 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Valero Energy in the first quarter valued at about $529,864,000. Institutional investors own 78.69% of the company's stock.

Wall Street Analyst Weigh In

VLO has been the topic of a number of analyst reports. UBS Group increased their price objective on shares of Valero Energy from $164.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Wells Fargo & Company raised their price objective on shares of Valero Energy from $151.00 to $168.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Citigroup lowered shares of Valero Energy from a "buy" rating to a "neutral" rating and raised their price target for the stock from $134.00 to $150.00 in a report on Wednesday, July 16th. Morgan Stanley raised their price target on shares of Valero Energy from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Finally, Raymond James Financial lifted their price objective on shares of Valero Energy from $170.00 to $177.00 and gave the company a "strong-buy" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $158.87.

Valero Energy Trading Down 0.5%

NYSE VLO opened at $156.78 on Friday. The stock has a market capitalization of $48.70 billion, a price-to-earnings ratio of 65.33, a PEG ratio of 1.85 and a beta of 1.10. Valero Energy Corporation has a one year low of $99.00 and a one year high of $163.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. The business's fifty day moving average is $145.24 and its 200-day moving average is $132.87.

Valero Energy (NYSE:VLO - Get Free Report) last released its earnings results 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. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The company had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $27 billion. During the same period in the previous year, the business posted $2.71 EPS. The business's revenue for the quarter was down 13.3% compared to the same quarter last year. Equities research analysts predict that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, July 31st were given a dividend of $1.13 per share. The ex-dividend date was Thursday, July 31st. This represents a $4.52 annualized dividend and a dividend yield of 2.9%. Valero Energy's dividend payout ratio is currently 188.33%.

Valero Energy Company 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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