Valero Energy Corporation $VLO Shares Purchased by DRW Securities LLC

Key Points

• DRW Securities LLC increased its holdings in Valero Energy Corporation (NYSE: VLO) by 64.3%, owning 20,000 shares worth approximately $2.64 million.
• Valero reported a $2.28 EPS for the quarter, surpassing analysts’ estimates, but its revenue was down 13.3% year-over-year at $29.89 billion.
• The company announced a quarterly dividend of $1.13 per share, representing an annualized yield of 3.0% and a payout ratio of 188.33%.

DRW Securities LLC raised its position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 64.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,000 shares of the oil and gas company's stock after acquiring an additional 7,827 shares during the quarter. DRW Securities LLC's holdings in Valero Energy were worth $2,641,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in VLO. Vanguard Group Inc. boosted its stake in Valero Energy by 12.0% during the 1st quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company's stock worth $5,135,043,000 after purchasing an additional 4,155,522 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Valero Energy by 6.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company's stock worth $1,510,586,000 after acquiring an additional 736,533 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Valero Energy by 276.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company's stock valued at $1,425,754,000 after acquiring an additional 7,931,018 shares in the last quarter. Ameriprise Financial Inc. grew its stake 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 acquiring an additional 429,252 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Valero Energy by 34.1% during the 1st quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company's stock valued at $647,823,000 after acquiring an additional 1,247,196 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wolfe Research cut shares of Valero Energy from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Morgan Stanley upped their price objective on shares of Valero Energy from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. UBS Group upped their price objective on shares of Valero Energy from $164.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, July 25th. TD Cowen cut shares of Valero Energy from a "buy" rating to a "hold" rating and upped their price objective for the company from $118.00 to $140.00 in a research note on Tuesday, July 22nd. Finally, Citigroup cut shares of Valero Energy from a "buy" rating to a "neutral" rating and upped their price objective for the company from $134.00 to $150.00 in a research note on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $156.40.

Valero Energy Trading Up 0.7%

NYSE:VLO traded up $1.09 during trading hours on Wednesday, reaching $155.37. 3,069,556 shares of the stock were exchanged, compared to its average volume of 2,012,673. The company has a market capitalization of $48.26 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 3.55 and a beta of 1.10. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $159.26. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average of $142.24 and a two-hundred day moving average of $131.67.

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

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were issued a dividend of $1.13 per share. The ex-dividend date was Thursday, July 31st. This represents a $4.52 annualized dividend and a yield of 2.9%. Valero Energy's dividend payout ratio is 188.33%.

About Valero Energy

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.