KG&L Capital Management LLC Makes New Investment in Valero Energy Corporation (NYSE:VLO)

KG&L Capital Management LLC purchased a new position in Valero Energy Corporation (NYSE:VLO - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,920 shares of the oil and gas company's stock, valued at approximately $254,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. World Investment Advisors boosted its position in Valero Energy by 1.8% during the 4th quarter. World Investment Advisors now owns 4,323 shares of the oil and gas company's stock worth $530,000 after acquiring an additional 78 shares during the period. Silver Coast Investments LLC boosted its position in Valero Energy by 1.7% during the 4th quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company's stock worth $622,000 after acquiring an additional 83 shares during the period. Providence Wealth Advisors LLC boosted its position in Valero Energy by 1.1% during the 4th quarter. Providence Wealth Advisors LLC now owns 8,878 shares of the oil and gas company's stock worth $1,086,000 after acquiring an additional 94 shares during the period. Field & Main Bank boosted its position in Valero Energy by 1.2% during the 1st quarter. Field & Main Bank now owns 7,982 shares of the oil and gas company's stock worth $1,054,000 after acquiring an additional 97 shares during the period. Finally, KCM Investment Advisors LLC raised its stake in shares of Valero Energy by 1.8% in the 4th quarter. KCM Investment Advisors LLC now owns 5,497 shares of the oil and gas company's stock worth $674,000 after buying an additional 99 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VLO shares. UBS Group lowered their target price on Valero Energy from $160.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, April 28th. The Goldman Sachs Group upgraded shares of Valero Energy from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $127.00 to $154.00 in a research report on Tuesday, May 13th. TD Cowen dropped their price target on shares of Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Morgan Stanley dropped their price target on shares of Valero Energy from $160.00 to $145.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, 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 research report on Tuesday, May 13th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $150.88.

Valero Energy Price Performance

NYSE VLO opened at $137.04 on Friday. The stock's 50-day moving average price is $127.32 and its two-hundred day moving average price is $127.69. The company has a current ratio of 1.56, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39. The company has a market cap of $42.92 billion, a PE ratio of 48.42, a PEG ratio of 2.37 and a beta of 0.99. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $167.78.

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 the consensus estimate of $1.16 by ($0.27). The company had revenue of $28.76 billion for the quarter, compared to analyst estimates of $28.54 billion. Valero Energy had a return on equity of 6.30% and a net margin of 0.72%. Valero Energy's quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.82 EPS. On average, analysts predict that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Tuesday, May 20th were issued a $1.13 dividend. 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 3.30%. Valero Energy's dividend payout ratio is 159.72%.

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.

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