Impact Partnership Wealth LLC Buys New Holdings in Valero Energy Corporation (NYSE:VLO)

Impact Partnership Wealth LLC acquired a new position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,490 shares of the oil and gas company's stock, valued at approximately $1,253,000.

Other large investors have also recently made changes to their positions in the company. Sendero Wealth Management LLC lifted its holdings in shares of Valero Energy by 11.0% in the first quarter. Sendero Wealth Management LLC now owns 20,198 shares of the oil and gas company's stock valued at $2,668,000 after purchasing an additional 2,000 shares in the last quarter. Applied Finance Capital Management LLC lifted its holdings in shares of Valero Energy by 3.0% in the fourth quarter. Applied Finance Capital Management LLC now owns 178,293 shares of the oil and gas company's stock valued at $21,857,000 after purchasing an additional 5,203 shares in the last quarter. AlTi Global Inc. lifted its holdings in Valero Energy by 18.2% during the fourth quarter. AlTi Global Inc. now owns 64,793 shares of the oil and gas company's stock worth $8,585,000 after acquiring an additional 9,963 shares during the period. Trexquant Investment LP lifted its holdings in Valero Energy by 1,930.4% during the fourth quarter. Trexquant Investment LP now owns 113,603 shares of the oil and gas company's stock worth $13,927,000 after acquiring an additional 108,008 shares during the period. Finally, Focus Partners Advisor Solutions LLC lifted its holdings in Valero Energy by 130.0% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 7,884 shares of the oil and gas company's stock worth $967,000 after acquiring an additional 4,456 shares during the period. 78.69% of the stock is owned by institutional investors.

Valero Energy Price Performance

Valero Energy stock traded up $1.49 during midday trading on Friday, hitting $146.16. 3,417,770 shares of the company's stock were exchanged, compared to its average volume of 3,096,570. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $167.78. The stock has a 50-day moving average price of $136.65 and a two-hundred day moving average price of $130.13. 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 company has a market cap of $45.78 billion, a P/E ratio of 51.65, a PEG ratio of 2.39 and a beta of 1.00.

Valero Energy (NYSE:VLO - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $28.76 billion during the quarter, compared to analysts' expectations of $28.54 billion. During the same quarter in the previous year, the company posted $3.82 earnings per share. Valero Energy's revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities research analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders 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 dividend yield of 3.09%. The ex-dividend date is Thursday, July 31st. Valero Energy's payout ratio is currently 159.72%.

Analysts Set New Price Targets

VLO has been the topic of a number of recent analyst reports. Wolfe Research lowered Valero Energy from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. 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. Scotiabank decreased their target price on 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. Morgan Stanley raised their target price on Valero Energy from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Citigroup downgraded Valero Energy from a "buy" rating to a "neutral" rating and raised their target price for the stock from $134.00 to $150.00 in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $152.40.

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.