Oder Investment Management LLC Takes Position in Valero Energy Corporation $VLO

Key Points

• Oder Investment Management LLC has invested approximately $311,000 in Valero Energy Corporation, acquiring 2,353 shares according to their recent 13F filing.
• Valero Energy reported earnings of $2.28 per share for the latest quarter, surpassing the expected $1.66 and achieving revenue of $29.89 billion, exceeding analysts' forecasts.
• The company recently announced a quarterly dividend of $1.13, which equates to an annual yield of 3.3%, despite having a high dividend payout ratio of 188.33%.

Oder Investment Management LLC acquired a new position in Valero Energy Corporation (NYSE:VLO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,353 shares of the oil and gas company's stock, valued at approximately $311,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. United Capital Management of KS Inc. increased its stake in shares of Valero Energy by 5.6% in the first quarter. United Capital Management of KS Inc. now owns 79,988 shares of the oil and gas company's stock worth $10,564,000 after acquiring an additional 4,267 shares during the period. American Century Companies Inc. grew its position in Valero Energy by 170.7% during the first quarter. American Century Companies Inc. now owns 199,518 shares of the oil and gas company's stock valued at $26,350,000 after buying an additional 125,812 shares during the period. Ethic Inc. grew its position in Valero Energy by 43.6% during the first quarter. Ethic Inc. now owns 10,373 shares of the oil and gas company's stock valued at $1,387,000 after buying an additional 3,150 shares during the period. EverSource Wealth Advisors LLC grew its position in Valero Energy by 9.5% during the first quarter. EverSource Wealth Advisors LLC now owns 6,894 shares of the oil and gas company's stock valued at $910,000 after buying an additional 598 shares during the period. Finally, Brandywine Global Investment Management LLC grew its position in Valero Energy by 136.1% during the first quarter. Brandywine Global Investment Management LLC now owns 476,230 shares of the oil and gas company's stock valued at $62,896,000 after buying an additional 274,500 shares during the period. Institutional investors and hedge funds own 78.69% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on VLO. Evercore ISI began coverage on shares of Valero Energy in a research report on Wednesday, June 18th. They set an "in-line" rating and a $135.00 price target on the stock. Wolfe Research lowered shares of Valero Energy from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Raymond James Financial boosted their price target on shares of Valero Energy from $155.00 to $172.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 15th. TD Cowen lowered shares of Valero Energy from a "buy" rating to a "hold" rating and boosted their price target for the stock from $118.00 to $140.00 in a research report on Tuesday, July 22nd. Finally, Morgan Stanley boosted their price target on shares of Valero Energy from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Two 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 company's stock. According to data from MarketBeat, Valero Energy presently has an average rating of "Moderate Buy" and a consensus target price of $154.47.

Valero Energy Trading Up 1.8%

VLO stock traded up $2.5010 during trading on Wednesday, reaching $140.4310. 1,354,478 shares of the stock were exchanged, compared to its average volume of 3,278,895. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average price of $140.10 and a 200-day moving average price of $130.82. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $155.12. The firm has a market capitalization of $43.62 billion, a price-to-earnings ratio of 58.51, a P/E/G ratio of 3.19 and a beta of 1.03.

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

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Thursday, July 31st will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, July 31st. Valero Energy's payout ratio is 188.33%.

About Valero Energy

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.