Fort Washington Investment Advisors Inc. OH Buys 2,342 Shares of Valero Energy Corporation $VLO

Key Points

• Fort Washington Investment Advisors Inc. OH increased its stake in Valero Energy Corporation by 1.2%, bringing its total ownership to 192,127 shares worth about $25.8 million.
• Recent analyst reports show a mixed outlook for Valero Energy, with price targets ranging from $140 to $185 and a consensus rating of "Moderate Buy."
• Valero reported a Q2 EPS of $2.28, surpassing estimates, but its revenue declined 13.3% year-over-year to $29.89 billion.

Fort Washington Investment Advisors Inc. OH increased its stake in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 1.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192,127 shares of the oil and gas company's stock after buying an additional 2,342 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.06% of Valero Energy worth $25,826,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Kestra Private Wealth Services LLC grew its holdings in shares of Valero Energy by 18.5% in the 1st 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 last quarter. Hancock Whitney Corp raised its holdings in shares of Valero Energy by 8.9% in the first 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 position in Valero Energy during the 1st quarter worth about $766,000. Sendero Wealth Management LLC increased 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 acquiring an additional 2,000 shares in the last quarter. Finally, FORA Capital LLC acquired a new position in shares of Valero Energy during the first quarter worth approximately $866,000. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VLO has been the subject of several research analyst reports. Raymond James Financial boosted their price objective on shares of Valero Energy from $170.00 to $177.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, September 9th. TD Cowen lowered Valero Energy from a "buy" rating to a "hold" rating and upped their price target for the company from $118.00 to $140.00 in a research note on Tuesday, July 22nd. Wolfe Research lowered Valero Energy from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Evercore ISI boosted their price objective on Valero Energy from $135.00 to $185.00 and gave the stock an "in-line" rating in a report on Friday, September 19th. Finally, Citigroup lowered 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 note 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, Valero Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $165.00.

Valero Energy Price Performance

Shares of NYSE VLO opened at $175.72 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. The business's 50 day moving average price is $148.97 and its two-hundred day moving average price is $135.75. The company has a market cap of $54.59 billion, a PE ratio of 73.22, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43.

Valero Energy (NYSE:VLO - Get Free Report) last issued its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, topping the consensus estimate of $1.66 by $0.62. The company had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The firm's revenue for the quarter was down 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.71 EPS. On average, analysts predict that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, July 31st were given a $1.13 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $4.52 annualized dividend and a dividend yield of 2.6%. Valero Energy's dividend payout ratio is presently 188.33%.

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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