Valero Energy Corporation $VLO Shares Acquired by Trinity Legacy Partners LLC

Key Points

• Trinity Legacy Partners LLC significantly increased its stake in Valero Energy Corporation by 420.8%, acquiring an additional 20,032 shares, bringing their total holdings to 24,793 shares valued at $3.35 million.
• Valero Energy posted an EPS of $2.28 for the last quarter, exceeding estimates and reporting revenue of $29.89 billion, although this represents a 13.3% decline year-over-year.
• The company declared a quarterly dividend of $1.13 per share, with a yield of 3.1%, while its payout ratio stands at 188.33%.

Trinity Legacy Partners LLC increased its position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 420.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,793 shares of the oil and gas company's stock after purchasing an additional 20,032 shares during the period. Trinity Legacy Partners LLC's holdings in Valero Energy were worth $3,350,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Summit Financial LLC increased its position in Valero Energy by 4.6% during the first quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company's stock worth $239,000 after purchasing an additional 79 shares during the last quarter. Citizens Financial Group Inc. RI increased its position in shares of Valero Energy by 2.2% during the first quarter. Citizens Financial Group Inc. RI now owns 3,798 shares of the oil and gas company's stock valued at $502,000 after acquiring an additional 82 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of Valero Energy by 4.6% during the first quarter. Proficio Capital Partners LLC now owns 2,012 shares of the oil and gas company's stock valued at $266,000 after acquiring an additional 89 shares during the last quarter. Horizon Investments LLC increased its position in shares of Valero Energy by 1.8% during the first quarter. Horizon Investments LLC now owns 5,456 shares of the oil and gas company's stock valued at $721,000 after acquiring an additional 94 shares during the last quarter. Finally, Hemington Wealth Management increased its position in shares of Valero Energy by 39.9% during the first quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company's stock valued at $43,000 after acquiring an additional 95 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on VLO shares. Morgan Stanley lifted their price target on shares of Valero Energy from $145.00 to $160.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Piper Sandler raised their price objective on shares of Valero Energy from $159.00 to $168.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Citigroup lowered shares of Valero Energy from a "buy" rating to a "neutral" rating and raised their price objective for the company from $134.00 to $150.00 in a research note on Wednesday, July 16th. UBS Group raised 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. Finally, Barclays raised their price objective on shares of Valero Energy from $140.00 to $141.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, Valero Energy currently has an average rating of "Moderate Buy" and an average target price of $154.47.

Valero Energy Stock Up 3.5%

Shares of NYSE:VLO opened at $145.1990 on Friday. The company has a market capitalization of $45.11 billion, a PE ratio of 60.50, a P/E/G ratio of 3.28 and a beta of 1.03. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $155.12. The firm has a 50 day simple moving average of $140.59 and a 200-day simple moving average of $130.93.

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

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Thursday, July 31st will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Thursday, July 31st. Valero Energy's payout ratio is currently 188.33%.

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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