Wealthspire Advisors LLC Raises Holdings in Valero Energy Corporation (NYSE:VLO)

Wealthspire Advisors LLC boosted its stake in Valero Energy Corporation (NYSE:VLO - Free Report) by 21.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,838 shares of the oil and gas company's stock after buying an additional 2,085 shares during the quarter. Wealthspire Advisors LLC's holdings in Valero Energy were worth $1,563,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Wayfinding Financial LLC purchased a new stake in shares of Valero Energy in the first quarter valued at $26,000. Hazlett Burt & Watson Inc. lifted its holdings in Valero Energy by 156.6% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 130 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in shares of Valero Energy during the fourth quarter worth about $29,000. Iron Horse Wealth Management LLC acquired a new position in shares of Valero Energy in the first quarter valued at approximately $44,000. Finally, Cary Street Partners Investment Advisory LLC raised its position in shares of Valero Energy by 88.0% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 393 shares of the oil and gas company's stock valued at $52,000 after buying an additional 184 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company's stock.

Valero Energy Trading Down 2.4%

NYSE:VLO opened at $133.54 on Thursday. The stock has a market cap of $41.48 billion, a price-to-earnings ratio of 55.64, a price-to-earnings-growth ratio of 3.20 and a beta of 1.03. Valero Energy Corporation has a one year low of $99.00 and a one year high of $155.12. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. The business's 50-day simple moving average is $139.00 and its 200 day simple moving average is $131.08.

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 analysts' consensus estimates of $1.66 by $0.62. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%. The company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $27 billion. During the same period in the prior year, the company posted $2.71 EPS. Valero Energy's quarterly revenue was down 13.3% on a year-over-year basis. As a group, sell-side analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Thursday, July 31st will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Thursday, July 31st. Valero Energy's dividend payout ratio is 188.33%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley lifted their target price on shares of Valero Energy from $145.00 to $160.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Piper Sandler increased their target price on Valero Energy from $159.00 to $168.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. TD Cowen lowered shares of Valero Energy from a "buy" rating to a "hold" rating and increased their price objective for the stock from $118.00 to $140.00 in a report on Tuesday, July 22nd. Evercore ISI assumed coverage on shares of Valero Energy in a report on Wednesday, June 18th. They issued an "in-line" rating and a $135.00 target price for the company. Finally, Mizuho increased their price target on shares of Valero Energy from $158.00 to $166.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $154.47.

Valero Energy Company 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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