Narwhal Capital Management Has $6.71 Million Holdings in Valero Energy Corporation (NYSE:VLO)

Narwhal Capital Management grew its position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 6.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,827 shares of the oil and gas company's stock after buying an additional 3,228 shares during the quarter. Narwhal Capital Management's holdings in Valero Energy were worth $6,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Ameriflex Group Inc. bought a new position in Valero Energy during the fourth quarter valued at about $29,000. OFI Invest Asset Management bought a new position in shares of Valero Energy in the 4th quarter valued at approximately $37,000. Millstone Evans Group LLC acquired a new stake in Valero Energy in the 4th quarter worth approximately $44,000. SBI Securities Co. Ltd. bought a new stake in Valero Energy during the fourth quarter worth approximately $52,000. Finally, Transce3nd LLC acquired a new position in Valero Energy during the fourth quarter valued at approximately $58,000. Institutional investors own 78.69% of the company's stock.

Valero Energy Price Performance

NYSE:VLO opened at $137.08 on Tuesday. 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 50-day moving average of $125.64 and a 200-day moving average of $127.56. Valero Energy Corporation has a 52 week low of $99.00 and a 52 week high of $167.78. The company has a market capitalization of $42.93 billion, a price-to-earnings ratio of 48.44, a PEG ratio of 2.46 and a beta of 0.99.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $1.16 by ($0.27). The business had revenue of $28.76 billion for the quarter, compared to the consensus estimate of $28.54 billion. Valero Energy had a return on equity of 6.30% and a net margin of 0.72%. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.82 EPS. As a group, equities research analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Tuesday, May 20th. Valero Energy's dividend payout ratio is 159.72%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VLO. Scotiabank reduced their price objective on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. TD Cowen cut their target price on shares of Valero Energy from $121.00 to $118.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Piper Sandler lowered their price target on Valero Energy from $144.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Morgan Stanley cut their price objective on Valero Energy from $160.00 to $145.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lowered their target price on Valero Energy from $152.00 to $147.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $150.88.

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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