Good Steward Wealth Advisors LLC Purchases New Shares in Valero Energy Corporation (NYSE:VLO)

Good Steward Wealth Advisors LLC acquired a new stake in shares of Valero Energy Corporation (NYSE:VLO - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,264 shares of the oil and gas company's stock, valued at approximately $299,000.

A number of other hedge funds have also recently bought and sold shares of VLO. Patten Group Inc. bought a new position in shares of Valero Energy during the fourth quarter valued at about $277,000. Charles Schwab Investment Management Inc. increased its stake in 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 valued at $1,311,864,000 after buying an additional 413,963 shares during the last quarter. Sendero Wealth Management LLC lifted its position in shares of Valero Energy by 11.0% during the 1st quarter. Sendero Wealth Management LLC now owns 20,198 shares of the oil and gas company's stock worth $2,668,000 after buying an additional 2,000 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Valero Energy by 23.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 16,056 shares of the oil and gas company's stock worth $1,920,000 after buying an additional 3,004 shares in the last quarter. Finally, Applied Finance Capital Management LLC boosted its stake in shares of Valero Energy by 3.0% in the 4th quarter. Applied Finance Capital Management LLC now owns 178,293 shares of the oil and gas company's stock worth $21,857,000 after buying an additional 5,203 shares during the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on VLO shares. Morgan Stanley decreased their price target on Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. TD Cowen reduced their price objective on Valero Energy from $121.00 to $118.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Barclays lifted their target price on Valero Energy from $140.00 to $141.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Mizuho boosted their price target on shares of Valero Energy from $158.00 to $166.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Valero Energy from $152.00 to $147.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $150.88.

Valero Energy Stock Performance

NYSE VLO opened at $139.42 on Friday. The firm has a market cap of $43.67 billion, a P/E ratio of 49.26, a price-to-earnings-growth ratio of 2.43 and a beta of 0.99. The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 0.39. The company's 50 day moving average is $124.50 and its 200-day moving average is $127.58. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $167.78.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). The business had revenue of $28.76 billion during the quarter, compared to analysts' expectations of $28.54 billion. Valero Energy had a net margin of 0.72% and a return on equity of 6.30%. The firm's quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.82 earnings per share. Sell-side analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.24%. Valero Energy's payout ratio is 159.72%.

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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