Valero Energy Co. (NYSE:VLO) Position Boosted by Personal Capital Advisors Corp

Posted by on Jun 15th, 2023

Personal Capital Advisors Corp boosted its position in Valero Energy Co. (NYSE:VLO – Get Rating) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 521,715 shares of the oil and gas company’s stock after buying an additional 3,994 shares during the quarter. Personal Capital Advisors Corp owned approximately 0.14% of Valero Energy worth $66,185,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Western Pacific Wealth Management LP bought a new stake in Valero Energy during the fourth quarter valued at $26,000. Live Oak Investment Partners acquired a new position in shares of Valero Energy in the 4th quarter valued at about $26,000. Independence Bank of Kentucky grew its position in shares of Valero Energy by 150.0% during the 4th quarter. Independence Bank of Kentucky now owns 250 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 150 shares during the last quarter. Hazlett Burt & Watson Inc. acquired a new stake in Valero Energy during the fourth quarter worth about $41,000. Finally, Godsey & Gibb Inc. bought a new position in Valero Energy in the fourth quarter worth about $44,000. 79.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. StockNews.com initiated coverage on Valero Energy in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Wells Fargo & Company reduced their price target on shares of Valero Energy from $126.00 to $120.00 in a report on Friday, June 2nd. Royal Bank of Canada dropped their price objective on shares of Valero Energy from $159.00 to $151.00 in a report on Friday, April 28th. Tudor Pickering lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 17th. Finally, Piper Sandler dropped their price target on shares of Valero Energy from $188.00 to $155.00 in a research note on Thursday, May 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.46.

Valero Energy Trading Down 1.1 %

Shares of Valero Energy stock opened at $111.83 on Thursday. The business has a fifty day simple moving average of $116.02 and a 200-day simple moving average of $125.98. The firm has a market cap of $40.43 billion, a price-to-earnings ratio of 3.18, a price-to-earnings-growth ratio of 0.85 and a beta of 1.66. Valero Energy Co. has a fifty-two week low of $96.93 and a fifty-two week high of $150.39. The company has a quick ratio of 1.03, a current ratio of 1.52 and a debt-to-equity ratio of 0.38.

Valero Energy (NYSE:VLO – Get Rating) last posted its quarterly earnings data on Thursday, April 27th. The oil and gas company reported $8.27 earnings per share for the quarter, beating the consensus estimate of $7.24 by $1.03. Valero Energy had a net margin of 7.86% and a return on equity of 55.32%. The company had revenue of $36.44 billion during the quarter, compared to analyst estimates of $37.88 billion. During the same quarter last year, the firm posted $2.31 EPS. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, equities analysts forecast that Valero Energy Co. will post 22.26 EPS for the current fiscal year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Tuesday, May 23rd will be issued a $1.02 dividend. The ex-dividend date of this dividend is Monday, May 22nd. This represents a $4.08 annualized dividend and a dividend yield of 3.65%. Valero Energy’s dividend payout ratio is currently 11.59%.

Valero Energy Profile

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Valero Energy Corp. engages in the manufacture and marketing of transportation fuels and other petrochemical products. It operates through the following business segments: Refining, Ethanol and Renewable Diesel. The Refining segment consists of refining operations, associated marketing activities, and logistics assets that support its refining operations.

See Also

Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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