My Legacy Advisors LLC Takes $220,000 Position in Valero Energy Corporation $VLO

Key Points

• My Legacy Advisors LLC acquired 1,634 shares of Valero Energy Corporation, valued at approximately $220,000, during the second quarter.
• Valero Energy's quarterly earnings report revealed earnings per share of $2.28, exceeding analysts' estimates of $1.66, although revenue fell 13.3% compared to the previous year.
• The company recently declared a quarterly dividend of $1.13, resulting in an annual yield of 2.8%, but its payout ratio stands at 188.33%.

My Legacy Advisors LLC purchased a new stake in Valero Energy Corporation (NYSE:VLO - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,634 shares of the oil and gas company's stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VLO. Wayfinding Financial LLC acquired a new position in shares of Valero Energy in the 1st quarter valued at about $26,000. Hazlett Burt & Watson Inc. raised its position in shares of Valero Energy by 156.6% in the 1st 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 in the last quarter. Ameriflex Group Inc. acquired a new position in shares of Valero Energy in the 4th quarter valued at approximately $29,000. Hemington Wealth Management raised its position 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, Ransom Advisory Ltd acquired a new stake in shares of Valero Energy during the 1st quarter valued at approximately $43,000. Hedge funds and other institutional investors own 78.69% of the company's stock.

Wall Street Analyst Weigh In

VLO has been the topic of several research reports. Mizuho upped their price target on Valero Energy from $166.00 to $190.00 and gave the company an "outperform" rating in a research report on Monday, September 15th. Raymond James Financial upped their price objective on Valero Energy from $170.00 to $177.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, September 9th. UBS Group upped their price objective on Valero Energy from $165.00 to $183.00 and gave the stock a "buy" rating in a research note on Monday. Evercore ISI upped their price objective on Valero Energy from $135.00 to $185.00 and gave the stock an "in-line" rating in a research note on Friday. Finally, Bank of America upgraded Valero Energy from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Valero Energy currently has an average rating of "Moderate Buy" and a consensus target price of $165.00.

Valero Energy Stock Performance

Shares of NYSE:VLO traded up $3.90 on Monday, hitting $166.52. The company's stock had a trading volume of 2,612,991 shares, compared to its average volume of 3,233,188. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $167.08. The company has a market capitalization of $51.73 billion, a price-to-earnings ratio of 69.38, a price-to-earnings-growth ratio of 1.76 and a beta of 1.10. The stock's 50-day moving average is $146.45 and its two-hundred day moving average is $134.14. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62.

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, topping the consensus estimate 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 prior year, the business posted $2.71 earnings per share. The company's revenue for the quarter was down 13.3% compared to the same quarter last year. On average, equities research analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $4.52 annualized dividend and a yield of 2.7%. Valero Energy's dividend payout ratio (DPR) is currently 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.