Valero Energy Co. (NYSE:VLO) Shares Acquired by Foster & Motley Inc.

Foster & Motley Inc. boosted its position in Valero Energy Co. (NYSE:VLO) by 13.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,868 shares of the oil and gas company’s stock after buying an additional 1,947 shares during the quarter. Foster & Motley Inc.’s holdings in Valero Energy were worth $2,644,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MGO One Seven LLC grew its position in shares of Valero Energy by 198.8% during the fourth quarter. MGO One Seven LLC now owns 16,605 shares of the oil and gas company’s stock worth $2,159,000 after buying an additional 11,047 shares in the last quarter. Ontario Teachers Pension Plan Board increased its position in shares of Valero Energy by 214.4% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 14,475 shares of the oil and gas company’s stock worth $1,882,000 after purchasing an additional 9,871 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Valero Energy in the 2nd quarter valued at about $15,945,000. CIBC Private Wealth Group LLC lifted its position in shares of Valero Energy by 62.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 13,586 shares of the oil and gas company’s stock worth $1,766,000 after purchasing an additional 5,209 shares during the last quarter. Finally, Bollard Group LLC grew its stake in Valero Energy by 0.8% in the fourth quarter. Bollard Group LLC now owns 58,968 shares of the oil and gas company’s stock worth $7,666,000 after purchasing an additional 440 shares in the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Performance

Shares of NYSE VLO opened at $135.52 on Friday. Valero Energy Co. has a 12-month low of $119.88 and a 12-month high of $184.79. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34. The company has a market cap of $43.42 billion, a PE ratio of 6.71, a P/E/G ratio of 2.72 and a beta of 1.40. The stock has a 50 day simple moving average of $149.24 and a 200-day simple moving average of $155.50.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.60 by $0.11. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The company had revenue of $34.49 billion during the quarter, compared to analysts’ expectations of $32.97 billion. During the same quarter in the prior year, the business posted $5.40 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities research analysts forecast that Valero Energy Co. will post 12.86 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 1st were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date was Thursday, August 1st. Valero Energy’s dividend payout ratio is currently 21.20%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Argus downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Scotiabank lifted their price objective on shares of Valero Energy from $165.00 to $173.00 and gave the stock a “sector outperform” rating in a report on Friday, July 12th. Mizuho raised shares of Valero Energy from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $165.00 to $175.00 in a report on Wednesday, July 17th. StockNews.com lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Piper Sandler dropped their price objective on shares of Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and an average target price of $174.50.

Valero Energy Company 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.