Stonegate Investment Group LLC Buys Shares of 4,538 Valero Energy Corporation (NYSE:VLO)

Stonegate Investment Group LLC bought a new stake in shares of Valero Energy Corporation (NYSE:VLO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,538 shares of the oil and gas company's stock, valued at approximately $599,000.

A number of other institutional investors have also added to or reduced their stakes in the business. PFG Investments LLC increased its position in Valero Energy by 1.4% during the 1st quarter. PFG Investments LLC now owns 12,403 shares of the oil and gas company's stock valued at $1,638,000 after purchasing an additional 166 shares during the period. Segment Wealth Management LLC increased its position in Valero Energy by 3.1% during the 1st quarter. Segment Wealth Management LLC now owns 5,102 shares of the oil and gas company's stock valued at $674,000 after purchasing an additional 155 shares during the period. Good Steward Wealth Advisors LLC purchased a new position in Valero Energy during the 1st quarter valued at about $299,000. Advisory Resource Group increased its position in Valero Energy by 438.5% during the 1st quarter. Advisory Resource Group now owns 48,341 shares of the oil and gas company's stock valued at $6,384,000 after purchasing an additional 39,364 shares during the period. Finally, State of Alaska Department of Revenue increased its position in Valero Energy by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 37,099 shares of the oil and gas company's stock valued at $4,899,000 after purchasing an additional 1,005 shares during the period. Hedge funds and other institutional investors own 78.69% of the company's stock.

Valero Energy Stock Up 1.2%

NYSE:VLO opened at $141.16 on Friday. The company has a market cap of $44.21 billion, a PE ratio of 49.88, a P/E/G ratio of 2.46 and a beta of 0.99. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $167.78. The company has a current ratio of 1.56, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39. The company's 50 day moving average is $125.11 and its two-hundred day moving average is $127.56.

Valero Energy (NYSE:VLO - Get Free Report) last released its earnings results on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.27). The company had revenue of $28.76 billion for the quarter, compared to analysts' expectations of $28.54 billion. Valero Energy had a return on equity of 6.30% and a net margin of 0.72%. The firm's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.82 EPS. Analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

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 dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Tuesday, May 20th. Valero Energy's payout ratio is 159.72%.

Wall Street Analyst Weigh In

VLO has been the topic of a number of research reports. Piper Sandler cut their target price 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. Evercore ISI began coverage on shares of Valero Energy in a research report on Wednesday. They issued an "in-line" rating and a $135.00 price objective on the stock. Scotiabank decreased their target price on shares of Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Mizuho increased their target price on shares of Valero Energy from $158.00 to $166.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Finally, The Goldman Sachs Group raised shares of Valero Energy from a "neutral" rating to a "buy" rating and increased their target price for the company from $127.00 to $154.00 in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $150.88.

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.

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