International Private Wealth Advisors LLC Buys New Position in Valero Energy Corporation $VLO

Key Points

• International Private Wealth Advisors LLC invested approximately $341,000 in Valero Energy Corporation, acquiring 2,540 shares in the second quarter.
• Valero Energy's most recent earnings report showed earnings per share of $2.28, exceeding estimates, with quarterly revenue of $29.89 billion, down 13.3% year-over-year.
• The company announced a quarterly dividend of $1.13 per share, resulting in an annualized dividend yield of 2.8% and a payout ratio of 188.33%.

International Private Wealth Advisors LLC acquired a new position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,540 shares of the oil and gas company's stock, valued at approximately $341,000.

Several other hedge funds have also bought and sold shares of the business. State of Wyoming increased its stake in Valero Energy by 11.3% during the 4th quarter. State of Wyoming now owns 1,449 shares of the oil and gas company's stock valued at $178,000 after purchasing an additional 147 shares in the last quarter. Vident Advisory LLC increased its stake in Valero Energy by 56.7% during the 4th quarter. Vident Advisory LLC now owns 22,820 shares of the oil and gas company's stock valued at $2,798,000 after purchasing an additional 8,257 shares in the last quarter. Woodline Partners LP bought a new stake in Valero Energy during the 4th quarter valued at about $2,331,000. Waverly Advisors LLC increased its stake in Valero Energy by 63.0% during the 4th quarter. Waverly Advisors LLC now owns 6,292 shares of the oil and gas company's stock valued at $771,000 after purchasing an additional 2,433 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC increased its stake in Valero Energy by 130.0% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 7,884 shares of the oil and gas company's stock valued at $967,000 after purchasing an additional 4,456 shares in the last quarter. Institutional investors own 78.69% of the company's stock.

Valero Energy Stock Performance

Shares of Valero Energy stock traded down $1.30 during trading hours on Friday, reaching $162.55. 8,119,393 shares of the stock traded hands, compared to its average volume of 2,495,504. The company has a 50 day moving average price of $146.45 and a 200 day moving average price of $134.09. The firm has a market capitalization of $50.50 billion, a price-to-earnings ratio of 67.73, a P/E/G ratio of 1.76 and a beta of 1.10. Valero Energy Corporation has a one year low of $99.00 and a one year high of $165.65. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.62. The business 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 business's quarterly revenue 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, equities research analysts expect that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently announced 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. This represents a $4.52 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, July 31st. Valero Energy's payout ratio is 188.33%.

Analyst Ratings Changes

VLO has been the subject of a number of analyst reports. Wolfe Research lowered shares of Valero Energy from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Bank of America upgraded shares of Valero Energy from a "neutral" rating to a "buy" rating and raised their price objective for the company from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Mizuho lifted their price target on shares of Valero Energy from $166.00 to $190.00 and gave the stock an "outperform" rating in a research note on Monday, September 15th. Morgan Stanley increased their price objective on shares of Valero Energy from $145.00 to $160.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Finally, Raymond James Financial increased their price objective on shares of Valero Energy from $170.00 to $177.00 and gave the company a "strong-buy" rating in a research report on Tuesday, September 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $163.80.

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.