Oliver Lagore Vanvalin Investment Group Takes Position in Valero Energy Corporation $VLO

Key Points

• Oliver Lagore Vanvalin Investment Group acquired a new stake in Valero Energy Corporation, purchasing 2,424 shares valued at approximately $320,000.
• Valero Energy's recent earnings report showed $2.28 EPS, surpassing analyst estimates of $1.66, and reported revenue of $29.89 billion, exceeding expectations.
• The company announced a quarterly dividend of $1.13 per share, translating to an annual yield of 2.8%, despite a payout ratio of 188.33%.

Oliver Lagore Vanvalin Investment Group acquired 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 firm acquired 2,424 shares of the oil and gas company's stock, valued at approximately $320,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new stake in Valero Energy in the 1st quarter valued at about $26,000. Hazlett Burt & Watson Inc. increased its position in 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 acquiring an additional 130 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in shares of Valero Energy during the 4th quarter worth approximately $29,000. Ransom Advisory Ltd acquired a new stake in shares of Valero Energy during the 1st quarter worth approximately $43,000. Finally, Iron Horse Wealth Management LLC acquired a new stake in shares of Valero Energy during the 1st quarter worth approximately $44,000. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Trading Down 0.8%

Valero Energy stock traded down $1.30 during midday trading on Friday, hitting $162.55. 8,119,393 shares of the stock were exchanged, compared to its average volume of 2,495,504. The company has a fifty day simple moving average of $146.45 and a two-hundred day simple moving average of $134.09. Valero Energy Corporation has a 52 week low of $99.00 and a 52 week high of $165.65. The stock has a market capitalization of $50.50 billion, a PE ratio of 67.73, a P/E/G ratio of 1.76 and a beta of 1.10. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38.

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

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were paid a $1.13 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $4.52 dividend on an annualized basis and a yield of 2.8%. Valero Energy's payout ratio is presently 188.33%.

Analyst Ratings Changes

VLO has been the subject of several analyst reports. UBS Group lifted their price target on shares of Valero Energy from $164.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Evercore ISI lifted their price target on shares of Valero Energy from $135.00 to $185.00 and gave the stock an "in-line" rating in a research report on Friday. Bank of America upgraded shares of Valero Energy from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Wells Fargo & Company lifted their price target on shares of Valero Energy from $151.00 to $168.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Finally, Mizuho lifted their price target on shares of Valero Energy from $166.00 to $190.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $163.80.

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.