Vanguard Personalized Indexing Management LLC Raises Stake in Valero Energy Corporation $VLO

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Valero Energy Corporation by 19.1% in Q2, now owning 49,195 shares valued at approximately $6.6 million.
• Valero Energy reported earnings of $2.28 per share in its last quarter, exceeding analysts' expectations by $0.62, alongside a revenue of $29.89 billion.
• The company announced a quarterly dividend of $1.13 per share, with an annualized dividend yield of 2.8%, despite a high payout ratio of 188.33%.

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 19.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,195 shares of the oil and gas company's stock after acquiring an additional 7,879 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Valero Energy were worth $6,615,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of VLO. Vanguard Group Inc. raised its holdings in Valero Energy by 12.0% in the first quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company's stock worth $5,135,043,000 after buying an additional 4,155,522 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Valero Energy by 6.9% in 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 buying an additional 736,533 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Valero Energy by 276.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company's stock worth $1,425,754,000 after buying an additional 7,931,018 shares during the last quarter. Invesco Ltd. raised its holdings in Valero Energy by 34.1% in the first quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company's stock worth $647,823,000 after buying an additional 1,247,196 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Valero Energy in the first quarter worth about $529,864,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Performance

Shares of VLO stock opened at $161.18 on Tuesday. The company has a 50 day moving average price of $153.97 and a 200-day moving average price of $138.19. Valero Energy Corporation has a 52 week low of $99.00 and a 52 week high of $178.43. The firm has a market capitalization of $50.07 billion, a PE ratio of 67.16, a P/E/G ratio of 1.68 and a beta of 1.05. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38.

Valero Energy (NYSE:VLO - Get Free Report) last announced its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.62. The company had revenue of $29.89 billion during 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% compared to the same quarter last year. During the same period in the previous year, the business posted $2.71 earnings per share. As a group, equities research analysts expect that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.8%. The ex-dividend date was Thursday, July 31st. Valero Energy's payout ratio is 188.33%.

Analyst Upgrades and Downgrades

VLO has been the subject of several recent analyst reports. Evercore ISI lifted their target price on shares of Valero Energy from $135.00 to $185.00 and gave the stock an "in-line" rating in a report on Friday, September 19th. Piper Sandler lifted their target price on shares of Valero Energy from $171.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, September 11th. TD Cowen cut shares of Valero Energy from a "buy" rating to a "hold" rating and lifted their target price for the stock from $118.00 to $140.00 in a report on Tuesday, July 22nd. Jefferies Financial Group lifted their target price on shares of Valero Energy from $181.00 to $194.00 and gave the stock a "buy" rating in a report on Friday. Finally, UBS Group lifted their price target on shares of Valero Energy from $165.00 to $183.00 and gave the stock a "buy" rating in a research note on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $169.80.

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.

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