Resources Investment Advisors LLC. Purchases New Holdings in Valero Energy Co. (NYSE:VLO)

Posted by Defense World Staff on Aug 25th, 2023

Resources Investment Advisors LLC. bought a new position in Valero Energy Co. (NYSE:VLO – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,017 shares of the oil and gas company’s stock, valued at approximately $282,000.

A number of other institutional investors and hedge funds have also modified their holdings of VLO. Live Oak Investment Partners acquired a new position in Valero Energy in the 4th quarter worth about $26,000. Stone House Investment Management LLC bought a new position in Valero Energy in the 1st quarter worth $27,000. Sageworth Trust Co boosted its stake in Valero Energy by 716.7% during the 1st quarter. Sageworth Trust Co now owns 196 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 172 shares during the period. Prostatis Group LLC bought a new stake in shares of Valero Energy in the fourth quarter valued at approximately $29,000. Finally, McIlrath & Eck LLC increased its holdings in shares of Valero Energy by 217.6% during the 1st quarter. McIlrath & Eck LLC now owns 216 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 148 shares during the period. Hedge funds and other institutional investors own 78.00% of the company’s stock.

Insider Buying and Selling at Valero Energy

In related news, Director Joseph W. Gorder sold 75,580 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $135.99, for a total value of $10,278,124.20. Following the transaction, the director now directly owns 621,872 shares of the company’s stock, valued at approximately $84,568,373.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.04% of the company’s stock.

Valero Energy Trading Up 0.0 %

Shares of VLO opened at $129.42 on Friday. The firm has a fifty day simple moving average of $122.30 and a two-hundred day simple moving average of $123.40. The stock has a market capitalization of $45.70 billion, a P/E ratio of 4.46, a PEG ratio of 0.91 and a beta of 1.66. The company has a quick ratio of 1.12, a current ratio of 1.59 and a debt-to-equity ratio of 0.36. Valero Energy Co. has a twelve month low of $97.73 and a twelve month high of $150.39.

Valero Energy (NYSE:VLO – Get Free Report) last announced its earnings results on Thursday, July 27th. The oil and gas company reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.08 by $0.32. The firm had revenue of $34.51 billion during the quarter, compared to analyst estimates of $34.37 billion. Valero Energy had a return on equity of 42.31% and a net margin of 6.96%. The business’s revenue was down 33.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $11.36 EPS. On average, research analysts anticipate that Valero Energy Co. will post 23.74 EPS for the current year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Thursday, August 3rd will be paid a $1.02 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.15%. Valero Energy’s dividend payout ratio is presently 14.05%.

Wall Street Analyst Weigh In

A number of research analysts have commented on VLO shares. Mizuho raised their price target on shares of Valero Energy from $152.00 to $162.00 and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Royal Bank of Canada lowered their price target on Valero Energy from $159.00 to $151.00 in a research report on Friday, April 28th. Wells Fargo & Company lifted their price objective on Valero Energy from $120.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, July 28th. Morgan Stanley reaffirmed an “overweight” rating and issued a $160.00 target price on shares of Valero Energy in a report on Wednesday, July 19th. Finally, Piper Sandler lifted their price target on shares of Valero Energy from $150.00 to $159.00 in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and an average price target of $152.00.

View Our Latest Stock Report on Valero Energy

Valero Energy Company Profile

(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.