Guyasuta Investment Advisors Inc. Purchases New Position in Valero Energy Corporation $VLO

Key Points

• Guyasuta Investment Advisors Inc. acquired a new position in Valero Energy Corporation, purchasing 1,753 shares valued at approximately $236,000 in the second quarter.
• Valero Energy reported earnings of $2.28 per share, exceeding analysts' expectations, with revenue of $29.89 billion, though experienced a 13.3% decline year-over-year.
• The company recently announced a quarterly dividend of $1.13 per share, yielding 2.6%, despite a high dividend payout ratio of 188.33%.

Guyasuta Investment Advisors Inc. purchased a new position in Valero Energy Corporation (NYSE:VLO - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,753 shares of the oil and gas company's stock, valued at approximately $236,000.

Several other large investors have also bought and sold shares of the company. Versant Capital Management Inc lifted its stake in shares of Valero Energy by 17.4% in the 1st quarter. Versant Capital Management Inc now owns 1,786 shares of the oil and gas company's stock valued at $236,000 after purchasing an additional 265 shares during the period. GAMMA Investing LLC raised its holdings in Valero Energy by 15,395.5% in the first quarter. GAMMA Investing LLC now owns 1,355,699 shares of the oil and gas company's stock worth $179,047,000 after purchasing an additional 1,346,950 shares in the last quarter. Parallel Advisors LLC lifted its position in Valero Energy by 14.4% during the first quarter. Parallel Advisors LLC now owns 4,475 shares of the oil and gas company's stock valued at $591,000 after buying an additional 564 shares during the period. Rothschild Investment LLC boosted its holdings in shares of Valero Energy by 5.1% during the 1st quarter. Rothschild Investment LLC now owns 6,298 shares of the oil and gas company's stock valued at $832,000 after buying an additional 308 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in shares of Valero Energy by 4.8% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 12,357 shares of the oil and gas company's stock worth $1,632,000 after buying an additional 570 shares during the period. 78.69% of the stock is owned by institutional investors.

Valero Energy Trading Up 0.7%

Shares of NYSE:VLO opened at $175.72 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $178.43. The company has a market cap of $54.59 billion, a P/E ratio of 73.22, a PEG ratio of 1.85 and a beta of 1.10. The stock's fifty day moving average price is $148.97 and its 200-day moving average price is $135.75.

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

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors 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 dividend on an annualized basis and a yield of 2.6%. Valero Energy's dividend payout ratio is 188.33%.

Analyst Upgrades and Downgrades

VLO has been the topic of several research reports. Evercore ISI boosted their price objective on shares of Valero Energy from $135.00 to $185.00 and gave the stock an "in-line" rating in a research note on Friday, September 19th. TD Cowen cut Valero Energy from a "buy" rating to a "hold" rating and boosted their price target for the stock from $118.00 to $140.00 in a research report on Tuesday, July 22nd. Raymond James Financial raised their price objective on Valero Energy from $170.00 to $177.00 and gave the company a "strong-buy" rating in a research report on Tuesday, September 9th. Bank of America raised Valero Energy from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $152.00 to $179.00 in a report on Wednesday, September 3rd. Finally, Wells Fargo & Company increased their target price on Valero Energy from $151.00 to $168.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Two research 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $165.00.

About Valero Energy

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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