Sowell Financial Services LLC acquired a new stake in shares of Valero Energy Corporation (NYSE:VLO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,773 shares of the oil and gas company's stock, valued at approximately $1,423,000.
Several other large investors have also bought and sold shares of the company. Vontobel Holding Ltd. grew its stake in shares of Valero Energy by 13.4% in the fourth quarter. Vontobel Holding Ltd. now owns 11,529 shares of the oil and gas company's stock worth $1,413,000 after acquiring an additional 1,359 shares during the period. Csenge Advisory Group grew its position in Valero Energy by 221.2% in the 4th quarter. Csenge Advisory Group now owns 5,399 shares of the oil and gas company's stock worth $662,000 after purchasing an additional 3,718 shares during the period. Empower Advisory Group LLC raised its stake in Valero Energy by 2.6% during the 4th quarter. Empower Advisory Group LLC now owns 508,846 shares of the oil and gas company's stock valued at $62,379,000 after buying an additional 12,915 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Valero Energy by 30.0% during the 4th quarter. Venturi Wealth Management LLC now owns 6,595 shares of the oil and gas company's stock valued at $808,000 after buying an additional 1,523 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its stake in shares of Valero Energy by 3.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 25,034 shares of the oil and gas company's stock worth $3,069,000 after buying an additional 749 shares during the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.
Valero Energy Price Performance
Valero Energy stock traded down $2.35 during midday trading on Thursday, reaching $139.42. 2,872,485 shares of the stock traded hands, compared to its average volume of 3,048,960. The stock has a market cap of $43.67 billion, a P/E ratio of 49.26, a PEG ratio of 2.43 and a beta of 0.99. The stock's fifty day moving average is $123.89 and its 200-day moving average is $127.58. The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $167.78.
Valero Energy (NYSE:VLO - Get Free Report) last posted its 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). Valero Energy had a net margin of 0.72% and a return on equity of 6.30%. The firm had revenue of $28.76 billion for the quarter, compared to the consensus estimate of $28.54 billion. During the same quarter in the prior year, the company posted $3.82 earnings per share. The firm's revenue was down 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current year.
Valero Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Tuesday, May 20th were paid a $1.13 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.24%. Valero Energy's payout ratio is currently 159.72%.
Analyst Ratings Changes
Several brokerages have issued reports on VLO. Morgan Stanley dropped their target price on Valero Energy from $160.00 to $145.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group raised shares of Valero Energy from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $127.00 to $154.00 in a report on Tuesday, May 13th. Evercore ISI initiated coverage on shares of Valero Energy in a research report on Wednesday. They set an "in-line" rating and a $135.00 target price for the company. Piper Sandler decreased their price target on shares of Valero Energy from $144.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Finally, Scotiabank dropped their price target on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Valero Energy presently has an average rating of "Moderate Buy" and an average target price of $150.88.
Check Out Our Latest Research Report on Valero Energy
About Valero Energy
(
Free Report)
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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