S.E.E.D. Planning Group LLC Has $10.93 Million Holdings in Valero Energy Corporation $VLO

Key Points

• S.E.E.D. Planning Group LLC significantly increased its holdings in Valero Energy Corporation by 142.5% during the second quarter, bringing its total investment to approximately $10.93 million.
• Valero Energy reported $2.28 earnings per share for the last quarter, exceeding analysts' expectations, although revenue decreased by 13.3% year-over-year.
• The company recently declared a quarterly dividend of $1.13 per share, resulting in a dividend yield of 2.9%, with a payout ratio of 188.33%.

S.E.E.D. Planning Group LLC raised its holdings in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 142.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,298 shares of the oil and gas company's stock after buying an additional 47,768 shares during the quarter. Valero Energy comprises 3.4% of S.E.E.D. Planning Group LLC's investment portfolio, making the stock its 12th largest holding. S.E.E.D. Planning Group LLC's holdings in Valero Energy were worth $10,928,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Valero Energy by 12.0% in the first quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company's stock valued at $5,135,043,000 after purchasing an additional 4,155,522 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Valero Energy by 6.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company's stock valued at $1,510,586,000 after purchasing an additional 736,533 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Valero Energy by 276.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company's stock valued at $1,425,754,000 after purchasing an additional 7,931,018 shares in the last quarter. Invesco Ltd. raised its stake in shares of Valero Energy by 34.1% in the first quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company's stock valued at $647,823,000 after purchasing an additional 1,247,196 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Valero Energy in the first quarter valued at $529,864,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Trading Down 0.5%

Shares of VLO opened at $156.78 on Monday. 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 Corporation has a 12-month low of $99.00 and a 12-month high of $163.02. The firm has a market capitalization of $48.70 billion, a PE ratio of 65.33, a price-to-earnings-growth ratio of 1.78 and a beta of 1.10. The stock's fifty day simple moving average is $145.24 and its 200-day simple moving average is $132.92.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, beating 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 business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $27 billion. During the same quarter in the prior year, the firm posted $2.71 earnings per share. The firm's revenue for the quarter was down 13.3% compared to the same quarter last year. As a group, research analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, July 31st were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, July 31st. Valero Energy's dividend payout ratio is 188.33%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VLO. Piper Sandler upped their target price on Valero Energy from $171.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday. TD Cowen cut Valero Energy from a "buy" rating to a "hold" rating and upped their price target for the company from $118.00 to $140.00 in a research report on Tuesday, July 22nd. Bank of America upgraded Valero Energy from a "neutral" rating to a "buy" rating and upped their price target for the company from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Citigroup cut Valero Energy from a "buy" rating to a "neutral" rating and upped their price target for the company from $134.00 to $150.00 in a research report on Wednesday, July 16th. Finally, Evercore ISI started coverage on Valero Energy in a research report on Wednesday, June 18th. They issued an "in-line" rating and a $135.00 price target on the stock. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $158.87.

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.

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