Yukon Wealth Management Inc. Makes New $396,000 Investment in Valero Energy Corporation (NYSE:VLO)

Yukon Wealth Management Inc. bought a new stake in Valero Energy Corporation (NYSE:VLO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,000 shares of the oil and gas company's stock, valued at approximately $396,000.

A number of other large investors also recently added to or reduced their stakes in VLO. Ameriflex Group Inc. acquired a new position in Valero Energy during the 4th quarter worth about $29,000. OFI Invest Asset Management acquired a new stake in shares of Valero Energy during the fourth quarter worth about $37,000. Millstone Evans Group LLC purchased a new position in shares of Valero Energy in the fourth quarter valued at approximately $44,000. SBI Securities Co. Ltd. acquired a new position in shares of Valero Energy in the fourth quarter valued at approximately $52,000. Finally, Transce3nd LLC purchased a new stake in Valero Energy during the 4th quarter worth approximately $58,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Piper Sandler cut their price objective on Valero Energy from $144.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Mizuho boosted their target price on Valero Energy from $158.00 to $166.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Evercore ISI initiated coverage on Valero Energy in a research report on Wednesday, June 18th. They issued an "in-line" rating and a $135.00 price target on the stock. Scotiabank decreased their price objective on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Finally, Morgan Stanley cut their target price on shares of Valero Energy from $160.00 to $145.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $150.88.

Valero Energy Stock Performance

Shares of Valero Energy stock traded up $3.95 during trading hours on Wednesday, reaching $141.96. The company's stock had a trading volume of 3,527,835 shares, compared to its average volume of 3,051,745. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.56. The company's 50 day simple moving average is $128.84 and its 200 day simple moving average is $127.76. The stock has a market cap of $44.46 billion, a P/E ratio of 50.16, a price-to-earnings-growth ratio of 2.34 and a beta of 1.00. Valero Energy Corporation has a one year low of $99.00 and a one year high of $167.78.

Valero Energy (NYSE:VLO - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.27). The firm had revenue of $28.76 billion for the quarter, compared to the consensus estimate of $28.54 billion. Valero Energy had a return on equity of 6.30% and a net margin of 0.72%. The firm's revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.82 EPS. As a group, analysts expect that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.18%. The ex-dividend date was Tuesday, May 20th. Valero Energy's dividend payout ratio is currently 159.72%.

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.