DSG Capital Advisors LLC Takes $1.29 Million Position in Valero Energy Corporation (NYSE:VLO)

DSG Capital Advisors LLC acquired a new stake in shares of Valero Energy Corporation (NYSE:VLO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,787 shares of the oil and gas company's stock, valued at approximately $1,293,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Valero Energy by 16.1% during the 4th quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company's stock worth $4,257,024,000 after buying an additional 4,805,133 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Valero Energy by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company's stock worth $1,311,864,000 after acquiring an additional 413,963 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Valero Energy by 5.7% in the 4th quarter. Ameriprise Financial Inc. now owns 7,938,335 shares of the oil and gas company's stock worth $973,119,000 after acquiring an additional 429,252 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Valero Energy by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 6,871,229 shares of the oil and gas company's stock worth $844,775,000 after acquiring an additional 100,248 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Valero Energy in the 4th quarter worth approximately $669,400,000. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Stock Performance

VLO stock traded down $0.56 during trading on Thursday, reaching $141.50. 2,222,689 shares of the company's stock were exchanged, compared to its average volume of 3,048,935. The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $167.78. The company's fifty day moving average price is $129.39 and its 200-day moving average price is $127.86. The firm has a market cap of $44.32 billion, a PE ratio of 50.00, a P/E/G ratio of 2.38 and a beta of 1.00.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings results 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 6.30% and a net margin of 0.72%. The business had revenue of $28.76 billion for the quarter, compared to analyst estimates of $28.54 billion. During the same quarter last year, the firm posted $3.82 EPS. The company's revenue was down 4.7% compared to the same quarter last year. On average, research analysts expect that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Tuesday, May 20th were issued a $1.13 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $4.52 annualized dividend and a dividend yield of 3.19%. Valero Energy's dividend payout ratio (DPR) is 159.72%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on VLO shares. Barclays lifted their target price on Valero Energy from $140.00 to $141.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. TD Cowen decreased their target price on Valero Energy from $121.00 to $118.00 and set a "buy" rating for the company in a research report on Friday, April 25th. The Goldman Sachs Group upgraded Valero Energy from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $127.00 to $154.00 in a research report on Tuesday, May 13th. JPMorgan Chase & Co. decreased their target price on 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, Piper Sandler cut their price target on Valero Energy from $144.00 to $140.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $150.88.

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.