Tyche Wealth Partners LLC Purchases Shares of 4,288 Valero Energy Corporation (NYSE:VLO)

Tyche Wealth Partners LLC acquired a new stake in Valero Energy Corporation (NYSE:VLO - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 4,288 shares of the oil and gas company's stock, valued at approximately $566,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in VLO. Vanguard Group Inc. grew its stake in shares of Valero Energy by 16.1% in the fourth quarter. Vanguard Group Inc. now owns 34,725,700 shares of the oil and gas company's stock worth $4,257,024,000 after purchasing an additional 4,805,133 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Valero Energy by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,701,232 shares of the oil and gas company's stock valued at $1,311,864,000 after acquiring an additional 413,963 shares in the last quarter. Ameriprise Financial Inc. increased its position in Valero Energy by 5.7% during the 4th quarter. Ameriprise Financial Inc. now owns 7,938,335 shares of the oil and gas company's stock valued at $973,119,000 after purchasing an additional 429,252 shares during the period. Geode Capital Management LLC lifted its position in shares of Valero Energy by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 6,871,229 shares of the oil and gas company's stock worth $844,775,000 after purchasing an additional 100,248 shares during the period. Finally, Norges Bank purchased a new position in shares of Valero Energy during the fourth quarter valued at about $669,400,000. Institutional investors own 78.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VLO. TD Cowen lowered their price objective on shares of Valero Energy from $121.00 to $118.00 and set a "buy" rating for the company in a report on Friday, April 25th. Evercore ISI assumed coverage on Valero Energy in a research report on Wednesday, June 18th. They set an "in-line" rating and a $135.00 price target on the stock. Barclays raised their price objective on Valero Energy from $140.00 to $141.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. JPMorgan Chase & Co. reduced their target price 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. Finally, The Goldman Sachs Group upgraded shares of Valero Energy from a "neutral" rating to a "buy" rating and increased their price target for the stock from $127.00 to $154.00 in a research note on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $150.88.

Valero Energy Price Performance

NYSE VLO opened at $135.82 on Wednesday. The stock has a market capitalization of $42.54 billion, a price-to-earnings ratio of 47.99, a PEG ratio of 2.39 and a beta of 0.99. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $167.78. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.56 and a quick ratio of 1.09. The business's fifty day moving average price is $126.21 and its 200-day moving average price is $127.61.

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

Valero Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Tuesday, May 20th. Valero Energy's payout ratio is 159.72%.

Valero Energy 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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