Elyxium Wealth LLC Makes New Investment in Valero Energy Corporation (NYSE:VLO)

Elyxium Wealth LLC bought a new position in Valero Energy Corporation (NYSE:VLO - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,253 shares of the oil and gas company's stock, valued at approximately $298,000.

A number of other institutional investors also recently modified their holdings of VLO. Proficio Capital Partners LLC bought a new stake in shares of Valero Energy during the fourth quarter worth approximately $236,000. Teacher Retirement System of Texas grew its holdings in Valero Energy by 29.2% during the fourth quarter. Teacher Retirement System of Texas now owns 198,323 shares of the oil and gas company's stock valued at $24,312,000 after purchasing an additional 44,826 shares during the period. Millstone Evans Group LLC acquired a new position in Valero Energy during the fourth quarter valued at approximately $44,000. Sciencast Management LP acquired a new position in Valero Energy during the fourth quarter valued at approximately $763,000. Finally, Mizuho Securities USA LLC grew its holdings in Valero Energy by 44.4% during the fourth quarter. Mizuho Securities USA LLC now owns 30,005 shares of the oil and gas company's stock valued at $3,678,000 after purchasing an additional 9,230 shares during the period. 78.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VLO has been the subject of several research reports. Barclays increased their price objective 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. Citigroup downgraded shares of Valero Energy from a "buy" rating to a "neutral" rating and raised their target price for the company from $134.00 to $150.00 in a research report on Wednesday. Evercore ISI initiated coverage on shares of Valero Energy in a research report on Wednesday, June 18th. They issued an "in-line" rating and a $135.00 target price for the company. The Goldman Sachs Group raised shares of Valero Energy from a "neutral" rating to a "buy" rating and raised their target price for the company from $127.00 to $154.00 in a research report on Tuesday, May 13th. Finally, Scotiabank decreased their target price on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $152.40.

Valero Energy Stock Performance

NYSE VLO opened at $146.16 on Friday. The stock has a market cap of $45.78 billion, a PE ratio of 51.65, a P/E/G ratio of 2.39 and a beta of 1.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.56. The firm has a 50-day moving average of $136.65 and a 200-day moving average of $130.13. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $167.78.

Valero Energy (NYSE:VLO - Get Free Report) last announced its earnings results on Thursday, April 24th. The oil and gas company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.27). The company had revenue of $28.76 billion for the quarter, compared to the consensus estimate of $28.54 billion. Valero Energy had a return on equity of 6.30% and a net margin of 0.72%. The business's quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.82 EPS. On average, sell-side analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Thursday, July 31st. Valero Energy's dividend payout ratio is currently 159.72%.

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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