Envestnet Asset Management Inc. Increases Stock Holdings in Valero Energy Corporation (NYSE:VLO)

Envestnet Asset Management Inc. grew its holdings in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 1.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 632,714 shares of the oil and gas company's stock after purchasing an additional 11,506 shares during the period. Envestnet Asset Management Inc. owned 0.20% of Valero Energy worth $83,563,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VLO. World Investment Advisors boosted its stake in Valero Energy by 1.8% in the fourth quarter. World Investment Advisors now owns 4,323 shares of the oil and gas company's stock valued at $530,000 after acquiring an additional 78 shares during the period. Providence Wealth Advisors LLC raised its stake in Valero Energy by 1.1% during the 4th quarter. Providence Wealth Advisors LLC now owns 8,878 shares of the oil and gas company's stock valued at $1,086,000 after acquiring an additional 94 shares in the last quarter. Field & Main Bank boosted its position in Valero Energy by 1.2% during the 1st quarter. Field & Main Bank now owns 7,982 shares of the oil and gas company's stock worth $1,054,000 after acquiring an additional 97 shares during the period. KCM Investment Advisors LLC grew its stake in shares of Valero Energy by 1.8% in the fourth quarter. KCM Investment Advisors LLC now owns 5,497 shares of the oil and gas company's stock worth $674,000 after purchasing an additional 99 shares in the last quarter. Finally, NDVR Inc. increased its holdings in shares of Valero Energy by 6.1% during the fourth quarter. NDVR Inc. now owns 1,852 shares of the oil and gas company's stock valued at $227,000 after purchasing an additional 106 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Price Performance

VLO stock traded down $1.70 during mid-day trading on Friday, hitting $153.11. 3,054,926 shares of the stock were exchanged, compared to its average volume of 3,402,856. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month 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 has a fifty day moving average price of $133.29 and a 200 day moving average price of $128.93. The stock has a market capitalization of $47.96 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 2.70 and a beta of 1.00.

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 (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.27). The business had revenue of $28.76 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $3.82 earnings per share. On average, sell-side analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Tuesday, May 20th were given a dividend of $1.13 per share. The ex-dividend date was Tuesday, May 20th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.95%. Valero Energy's dividend payout ratio is currently 159.72%.

Wall Street Analysts Forecast Growth

VLO has been the topic of several recent research reports. TD Cowen decreased their price target on shares of Valero Energy from $121.00 to $118.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. lowered their price target on Valero Energy from $152.00 to $147.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Wells Fargo & Company raised their target price on Valero Energy from $151.00 to $168.00 and gave the company an "overweight" rating in a report on Wednesday. Scotiabank decreased 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 report on Friday, April 11th. Finally, The Goldman Sachs Group raised Valero Energy from a "neutral" rating to a "buy" rating and raised their target price for the company from $127.00 to $154.00 in a report on Tuesday, May 13th. Three investment 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $153.56.

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.