Perbak Capital Partners LLP Makes New $362,000 Investment in Valero Energy Corporation $VLO

Key Points

• Perbak Capital Partners LLP has made a new investment in Valero Energy Corporation, acquiring 2,741 shares valued at approximately $362,000.
• Valero Energy reported a quarterly earnings per share of $2.28, surpassing analysts' expectations, with total revenue of $29.89 billion.
• The company announced a quarterly dividend of $1.13 per share, representing an annualized yield of 3.0%, with a dividend payout ratio of 188.33%.

Perbak Capital Partners LLP purchased a new position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,741 shares of the oil and gas company's stock, valued at approximately $362,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. EP Wealth Advisors LLC boosted its holdings in Valero Energy by 3.8% during the first quarter. EP Wealth Advisors LLC now owns 193,087 shares of the oil and gas company's stock worth $25,501,000 after purchasing an additional 7,002 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in shares of Valero Energy by 33.8% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 10,552 shares of the oil and gas company's stock worth $1,394,000 after purchasing an additional 2,668 shares during the period. Energy Income Partners LLC raised its holdings in shares of Valero Energy by 2.2% in the 1st quarter. Energy Income Partners LLC now owns 10,812 shares of the oil and gas company's stock worth $1,428,000 after purchasing an additional 236 shares during the period. Quarry LP raised its holdings in shares of Valero Energy by 895.1% in the 1st quarter. Quarry LP now owns 3,831 shares of the oil and gas company's stock worth $506,000 after purchasing an additional 3,446 shares during the period. Finally, DRW Securities LLC raised its holdings in shares of Valero Energy by 64.3% in the 1st quarter. DRW Securities LLC now owns 20,000 shares of the oil and gas company's stock worth $2,641,000 after purchasing an additional 7,827 shares during the period. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Price Performance

Shares of VLO traded up $1.26 during midday trading on Friday, reaching $156.65. The stock had a trading volume of 2,599,302 shares, compared to its average volume of 2,107,999. The company has a market capitalization of $48.66 billion, a price-to-earnings ratio of 65.27, a price-to-earnings-growth ratio of 1.84 and a beta of 1.10. The company's 50-day moving average is $143.44 and its 200 day moving average is $132.10. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $159.26.

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 EPS for the quarter, topping the consensus estimate of $1.66 by $0.62. The firm had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The company's quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.71 earnings per share. On average, equities analysts predict that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors 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 annualized dividend and a dividend yield of 2.9%. Valero Energy's dividend payout ratio (DPR) is presently 188.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wolfe Research downgraded shares of Valero Energy from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Wells Fargo & Company lifted their target price on Valero Energy from $151.00 to $168.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Bank of America raised Valero Energy from a "neutral" rating to a "buy" rating and lifted their target price for the company from $152.00 to $179.00 in a report on Wednesday. Mizuho lifted their target price on Valero Energy from $158.00 to $166.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Finally, TD Cowen lowered shares of Valero Energy from a "buy" rating to a "hold" rating and boosted their price target for the company from $118.00 to $140.00 in a research report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Valero Energy currently has an average rating of "Moderate Buy" and an average target price of $156.40.

Valero Energy Company 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.