Allworth Financial LP Has $1.50 Million Holdings in Valero Energy Co. (NYSE:VLO)

Posted by Defense World Staff on Jul 1st, 2023

Allworth Financial LP boosted its stake in shares of Valero Energy Co. (NYSE:VLO – Free Report) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,707 shares of the oil and gas company’s stock after purchasing an additional 338 shares during the quarter. Allworth Financial LP’s holdings in Valero Energy were worth $1,495,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of VLO. Norges Bank acquired a new position in shares of Valero Energy in the 4th quarter valued at $534,892,000. Charles Schwab Investment Management Inc. raised its stake in shares of Valero Energy by 8.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,635,050 shares of the oil and gas company’s stock valued at $775,264,000 after buying an additional 587,056 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Valero Energy by 65.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,374,688 shares of the oil and gas company’s stock valued at $139,586,000 after buying an additional 545,185 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Valero Energy by 31.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,735,560 shares of the oil and gas company’s stock valued at $220,173,000 after buying an additional 414,272 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Valero Energy by 4.1% in the 4th quarter. Morgan Stanley now owns 10,065,228 shares of the oil and gas company’s stock valued at $1,276,875,000 after buying an additional 395,771 shares in the last quarter. 78.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Piper Sandler dropped their price objective on shares of Valero Energy from $188.00 to $155.00 in a research note on Thursday, May 18th. Barclays lowered their target price on shares of Valero Energy from $166.00 to $139.00 in a report on Sunday, May 7th. Wells Fargo & Company lowered their target price on shares of Valero Energy from $126.00 to $120.00 in a report on Friday, June 2nd. UBS Group initiated coverage on shares of Valero Energy in a report on Wednesday, March 8th. They issued a “buy” rating and a $176.00 target price on the stock. Finally, Mizuho lowered their target price on shares of Valero Energy from $174.00 to $152.00 in a report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.46.

Valero Energy Stock Up 0.6 %

Shares of NYSE VLO opened at $117.27 on Friday. The firm has a market capitalization of $42.40 billion, a PE ratio of 3.33, a price-to-earnings-growth ratio of 0.87 and a beta of 1.66. The company has a current ratio of 1.52, a quick ratio of 1.03 and a debt-to-equity ratio of 0.38. Valero Energy Co. has a 1 year low of $96.93 and a 1 year high of $150.39. The firm’s 50-day moving average is $112.15 and its 200-day moving average is $125.04.

Valero Energy (NYSE:VLO – Free Report) last issued its earnings results on Thursday, April 27th. The oil and gas company reported $8.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.24 by $1.03. The company had revenue of $36.44 billion for the quarter, compared to analyst estimates of $37.88 billion. Valero Energy had a net margin of 7.86% and a return on equity of 55.32%. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.31 EPS. Equities analysts expect that Valero Energy Co. will post 22.25 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 22nd. Stockholders of record on Tuesday, May 23rd were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Monday, May 22nd. Valero Energy’s dividend payout ratio (DPR) is presently 11.59%.

About Valero Energy

(Free Report)

Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending and Conventional Blendstock for Oxygenate Blending gasolines, CARB diesel, diesel, jet fuel, and asphalt; aromatics; and sulfur crude oils.

Allworth Financial LP Has $1.50 Million Holdings in Valero Energy Co. (NYSE:VLO)

Analyst Upgrades and Downgrades

Valero Energy Stock Up 0.6 %

Valero Energy Dividend Announcement

About Valero Energy

Further Reading

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