11,579 Shares in Valero Energy Corporation $VLO Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC invested approximately $1.53 million in Valero Energy Corporation by purchasing 11,579 shares during the first quarter.
• Analysts have mixed ratings on Valero Energy, with two analysts rating it as a Strong Buy, while others have revised target prices upwards, with the average consensus target at $154.47.
• Valero Energy announced a quarterly dividend of $1.13, representing a 3.0% yield, with an ex-dividend date set for July 31st.

Jump Financial LLC acquired a new stake in shares of Valero Energy Corporation (NYSE:VLO - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,579 shares of the oil and gas company's stock, valued at approximately $1,529,000.

A number of other institutional investors also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new position in shares of Valero Energy during the 1st quarter worth approximately $26,000. Hazlett Burt & Watson Inc. raised its position in shares of Valero Energy by 156.6% in the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 130 shares during the period. Ameriflex Group Inc. purchased a new position in Valero Energy in the 4th quarter worth approximately $29,000. Hemington Wealth Management boosted its stake in shares of Valero Energy by 39.9% in the 1st quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company's stock valued at $43,000 after purchasing an additional 95 shares in the last quarter. Finally, Iron Horse Wealth Management LLC bought a new position in Valero Energy in the 1st quarter worth $44,000. Institutional investors own 78.69% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Mizuho lifted their price target on shares of Valero Energy from $158.00 to $166.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Raymond James Financial boosted their price objective on shares of Valero Energy from $155.00 to $172.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 15th. Wells Fargo & Company upped their price objective on shares of Valero Energy from $151.00 to $168.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. TD Cowen downgraded shares of Valero Energy from a "buy" rating to a "hold" rating and boosted their target price for the stock from $118.00 to $140.00 in a report on Tuesday, July 22nd. Finally, Evercore ISI assumed coverage on shares of Valero Energy in a research note on Wednesday, June 18th. They set an "in-line" rating and a $135.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Valero Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.47.

Valero Energy Stock Up 0.7%

Shares of Valero Energy stock traded up $1.02 on Tuesday, reaching $153.03. 1,542,969 shares of the company were exchanged, compared to its average volume of 3,229,239. The stock's 50 day moving average price is $141.87 and its 200-day moving average price is $131.51. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. The company has a market cap of $47.54 billion, a P/E ratio of 63.75, a price-to-earnings-growth ratio of 3.55 and a beta of 1.10. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $155.12.

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

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.0%. Valero Energy's dividend payout ratio (DPR) 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.