Truist Financial Corp raised its stake in shares of Valero Energy Co. (NYSE:VLO – Free Report) by 11.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 186,493 shares of the oil and gas company’s stock after acquiring an additional 19,020 shares during the quarter. Truist Financial Corp owned approximately 0.05% of Valero Energy worth $26,034,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Western Pacific Wealth Management LP purchased a new stake in shares of Valero Energy during the 4th quarter valued at $26,000. Live Oak Investment Partners purchased a new stake in shares of Valero Energy during the 4th quarter valued at $26,000. Stone House Investment Management LLC purchased a new stake in shares of Valero Energy during the 1st quarter valued at $27,000. Prostatis Group LLC purchased a new stake in shares of Valero Energy during the 4th quarter valued at $29,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Valero Energy by 11,500.0% during the 1st quarter. Larson Financial Group LLC now owns 232 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 230 shares during the last quarter. Institutional investors own 78.00% of the company’s stock.
Valero Energy Trading Up 1.9 %
VLO stock opened at $129.29 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.12 and a debt-to-equity ratio of 0.36. Valero Energy Co. has a 12-month low of $97.73 and a 12-month high of $150.39. The stock has a market cap of $45.66 billion, a price-to-earnings ratio of 4.45, a PEG ratio of 0.93 and a beta of 1.66. The business’s 50-day moving average is $116.35 and its 200 day moving average is $123.97.
Valero Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Thursday, August 3rd will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Wednesday, August 2nd. Valero Energy’s payout ratio is 14.05%.
Analyst Ratings Changes
VLO has been the subject of several analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $160.00 price objective on shares of Valero Energy in a report on Wednesday, July 19th. Tudor, Pickering, Holt & Co. upgraded Valero Energy from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Monday, July 31st. Mizuho reduced their target price on Valero Energy from $174.00 to $152.00 in a research note on Friday, May 19th. Barclays raised their target price on Valero Energy from $139.00 to $142.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, JPMorgan Chase & Co. reduced their target price on Valero Energy from $172.00 to $171.00 in a research note on Friday, July 7th. One analyst has rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $151.88.
View Our Latest Stock Report on Valero Energy
Valero Energy Company Profile
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.
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