Valero Energy Corporation (NYSE:VLO) Shares Acquired by Foundations Investment Advisors LLC

Key Points

• Foundations Investment Advisors LLC has increased its holdings in Valero Energy Corporation by 9.1%, now owning 46,494 shares valued at approximately $6.14 million.
• Valero Energy recently reported $2.28 earnings per share for the quarter, significantly surpassing analysts' expectations of $1.66.
• The company announced a quarterly dividend of $1.13 per share, representing an annualized yield of 3.13%, with a payout ratio of 188.33%.

Foundations Investment Advisors LLC increased its position in Valero Energy Corporation (NYSE:VLO - Free Report) by 9.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,494 shares of the oil and gas company's stock after acquiring an additional 3,895 shares during the period. Foundations Investment Advisors LLC's holdings in Valero Energy were worth $6,140,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Wayfinding Financial LLC bought a new stake in Valero Energy in the first quarter worth approximately $26,000. Hazlett Burt & Watson Inc. grew its position in Valero Energy by 156.6% in the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 130 shares in the last quarter. Ameriflex Group Inc. bought a new stake in Valero Energy in the fourth quarter worth approximately $29,000. Iron Horse Wealth Management LLC bought a new stake in Valero Energy in the first quarter worth approximately $44,000. Finally, Transce3nd LLC bought a new stake in Valero Energy in the fourth quarter worth approximately $58,000. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Price Performance

NYSE:VLO opened at $144.61 on Tuesday. The stock has a market cap of $45.29 billion, a P/E ratio of 60.25, a PEG ratio of 3.43 and a beta of 1.00. Valero Energy Corporation has a one year low of $99.00 and a one year high of $167.78. The company has a fifty day moving average price of $137.86 and a 200 day moving average price of $131.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.62. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The company had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $27 billion. During the same quarter in the prior year, the company posted $2.71 EPS. The business's revenue was down 13.3% on a year-over-year basis. Analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Thursday, July 31st. Valero Energy's payout ratio is 188.33%.

Wall Street Analyst Weigh In

VLO has been the subject of several recent research reports. The Goldman Sachs Group raised shares of Valero Energy from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $127.00 to $154.00 in a research report on Tuesday, May 13th. UBS Group boosted their price objective on shares of Valero Energy from $164.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday. Scotiabank reduced their price objective on shares of 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. Mizuho boosted their price objective on shares of Valero Energy from $158.00 to $166.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Finally, Evercore ISI started coverage on shares of Valero Energy in a research note on Wednesday, June 18th. They issued an "in-line" rating and a $135.00 price objective for the company. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $154.47.

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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