Summa Corp. Has $5.34 Million Stake in Valero Energy Corporation (NYSE:VLO)

Summa Corp. reduced its stake in Valero Energy Corporation (NYSE:VLO - Free Report) by 21.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,400 shares of the oil and gas company's stock after selling 11,000 shares during the period. Valero Energy makes up 3.1% of Summa Corp.'s portfolio, making the stock its 6th largest holding. Summa Corp.'s holdings in Valero Energy were worth $5,336,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of VLO. Vontobel Holding Ltd. boosted its position in shares of Valero Energy by 13.4% during the 4th quarter. Vontobel Holding Ltd. now owns 11,529 shares of the oil and gas company's stock valued at $1,413,000 after acquiring an additional 1,359 shares during the last quarter. Csenge Advisory Group raised its stake in Valero Energy by 221.2% during the fourth quarter. Csenge Advisory Group now owns 5,399 shares of the oil and gas company's stock valued at $662,000 after purchasing an additional 3,718 shares in the last quarter. Empower Advisory Group LLC lifted its position in Valero Energy by 2.6% during the fourth quarter. Empower Advisory Group LLC now owns 508,846 shares of the oil and gas company's stock valued at $62,379,000 after purchasing an additional 12,915 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Valero Energy by 30.0% in the 4th quarter. Venturi Wealth Management LLC now owns 6,595 shares of the oil and gas company's stock worth $808,000 after buying an additional 1,523 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its holdings 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. Hedge funds and other institutional investors own 78.69% of the company's stock.

Valero Energy Stock Up 3.0%

Shares of NYSE VLO opened at $141.83 on Wednesday. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $167.78. The firm has a market capitalization of $44.42 billion, a price-to-earnings ratio of 50.12, a PEG ratio of 2.44 and a beta of 0.99. The stock has a 50 day moving average price of $123.43 and a 200 day moving average price of $127.50. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.56.

Valero Energy (NYSE:VLO - Get Free Report) last issued 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 firm had revenue of $28.76 billion during 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%. Valero Energy's quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.82 earnings per share. Sell-side analysts expect that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, May 20th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 3.19%. The ex-dividend date is Tuesday, May 20th. Valero Energy's payout ratio is 159.72%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Barclays increased their price target on shares of Valero Energy from $140.00 to $141.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Scotiabank lowered their price objective on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Piper Sandler cut their target price on Valero Energy from $144.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. TD Cowen lowered their price target on Valero Energy from $121.00 to $118.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Valero Energy from $152.00 to $147.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Two analysts have rated the stock with a hold rating, thirteen have given 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 "Buy" and an average target price of $151.93.

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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