Valero Energy Corporation $VLO Stock: Angeles Wealth Management LLC Lowers Position

Angeles Wealth Management LLC decreased its holdings in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 52.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,821 shares of the oil and gas company's stock after selling 3,143 shares during the quarter. Angeles Wealth Management LLC's holdings in Valero Energy were worth $1,093,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Bank of America Corp DE increased its stake in Valero Energy by 11.4% in the 1st quarter. Bank of America Corp DE now owns 5,033,310 shares of the oil and gas company's stock valued at $1,243,630,000 after buying an additional 516,975 shares during the period. Bank of New York Mellon Corp lifted its position in Valero Energy by 9.4% in the 1st quarter. Bank of New York Mellon Corp now owns 2,969,320 shares of the oil and gas company's stock worth $733,660,000 after buying an additional 254,604 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Valero Energy by 18.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,842,339 shares of the oil and gas company's stock worth $702,285,000 after buying an additional 442,177 shares in the last quarter. Amundi boosted its stake in shares of Valero Energy by 45.3% during the 1st quarter. Amundi now owns 2,584,976 shares of the oil and gas company's stock valued at $638,695,000 after buying an additional 806,018 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Valero Energy by 33.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,058,341 shares of the oil and gas company's stock valued at $536,074,000 after buying an additional 520,642 shares during the period. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Price Performance

NYSE VLO opened at $388.39 on Thursday. Valero Energy Corporation has a fifty-two week low of $159.90 and a fifty-two week high of $461.52. The stock's 50-day moving average is $395.69 and its two-hundred day moving average is $282.96. The firm has a market cap of $111.83 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 0.24 and a beta of 0.59. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.64 and a quick ratio of 1.23.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $21.17 by $2.73. The company had revenue of $46.10 billion during the quarter, compared to the consensus estimate of $42.71 billion. Valero Energy had a return on equity of 47.50% and a net margin of 8.44%. The firm's revenue was up 43.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.66 EPS. On average, analysts anticipate that Valero Energy Corporation will post 56.78 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Tuesday, November 24th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, November 24th. Valero Energy's payout ratio is 10.80%.

Key Valero Energy News

Here are the key news stories impacting Valero Energy this week:

• Positive Sentiment: Valero maintained its quarterly dividend at $1.20 per share, payable December 21 to shareholders of record November 24. The annualized payout is $4.80 per share, supporting the stock’s income appeal. Valero dividend announcement
• Positive Sentiment: Valero’s latest earnings were exceptionally strong, with quarterly EPS of approximately $23.90 beating consensus and revenue exceeding estimates. The results represented a substantial improvement from the prior-year period, indicating powerful refining economics. Refiner stocks selloff article
• Positive Sentiment: Zacks recently included VLO among its Rank #1 growth stocks, citing strong momentum, earnings surprises and growth projections. Zacks growth stocks article

Wall Street Analyst Weigh In

Several equities analysts have recently commented on VLO shares. Piper Sandler boosted their price target on shares of Valero Energy from $329.00 to $435.00 and gave the company an "overweight" rating in a report on Thursday, September 3rd. Bank of America increased their price objective on Valero Energy from $395.00 to $414.00 and gave the stock a "neutral" rating in a report on Friday, October 2nd. Freedom Broker lowered Valero Energy from a "hold" rating to a "sell" rating and set a $276.00 price objective for the company. in a report on Friday, October 23rd. Mizuho lifted their price objective on Valero Energy from $300.00 to $434.00 and gave the company a "neutral" rating in a research report on Thursday, October 8th. Finally, Barclays boosted their target price on Valero Energy from $441.00 to $443.00 and gave the company an "overweight" rating in a research note on Friday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Valero Energy presently has an average rating of "Moderate Buy" and an average price target of $379.94.

About Valero Energy

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company's primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.

Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.

In addition to conventional refining, Valero has businesses focused on renewable fuels.

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