Valero Energy Corporation (NYSE:VLO) Shares Bought by Arbor Capital Management Inc. ADV

Arbor Capital Management Inc. ADV lifted its stake in shares of Valero Energy Corporation (NYSE:VLO) by 3.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,305 shares of the oil and gas company’s stock after purchasing an additional 551 shares during the period. Valero Energy accounts for about 2.0% of Arbor Capital Management Inc. ADV’s portfolio, making the stock its 12th largest holding. Arbor Capital Management Inc. ADV’s holdings in Valero Energy were worth $2,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in VLO. Keybank National Association OH grew its holdings in shares of Valero Energy by 11.0% in the first quarter. Keybank National Association OH now owns 12,498 shares of the oil and gas company’s stock valued at $1,651,000 after purchasing an additional 1,238 shares during the period. Yukon Wealth Management Inc. acquired a new position in Valero Energy in the 1st quarter valued at about $396,000. DAVENPORT & Co LLC boosted its holdings in Valero Energy by 51.1% in the 1st quarter. DAVENPORT & Co LLC now owns 65,659 shares of the oil and gas company’s stock valued at $8,672,000 after purchasing an additional 22,216 shares during the last quarter. Summit Trail Advisors LLC boosted its holdings in Valero Energy by 28.5% in the 1st quarter. Summit Trail Advisors LLC now owns 3,646 shares of the oil and gas company’s stock valued at $482,000 after purchasing an additional 808 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Valero Energy by 1.8% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,533 shares of the oil and gas company’s stock worth $5,353,000 after buying an additional 706 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VLO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price objective on Valero Energy from $152.00 to $147.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Mizuho increased their price target on Valero Energy from $158.00 to $166.00 and gave the stock an “outperform” rating in a report on Tuesday, May 13th. Barclays raised their price objective on Valero Energy from $140.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday, May 12th. Morgan Stanley reduced their price objective on shares of Valero Energy from $160.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Finally, Raymond James Financial increased their target price on shares of Valero Energy from $150.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $150.88.

Valero Energy Stock Performance

Shares of VLO stock opened at $137.84 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.56 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a 52 week low of $99.00 and a 52 week high of $167.78. The stock has a market capitalization of $43.17 billion, a PE ratio of 48.71, a P/E/G ratio of 2.34 and a beta of 1.00. The firm has a 50 day moving average of $128.84 and a two-hundred day moving average of $127.76.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.27). Valero Energy had a net margin of 0.72% and a return on equity of 6.30%. The company had revenue of $28.76 billion during the quarter, compared to analyst estimates of $28.54 billion. During the same quarter in the previous year, the business posted $3.82 earnings per share. The firm’s revenue was down 4.7% on a year-over-year basis. On average, research analysts predict that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Tuesday, May 20th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Tuesday, May 20th. Valero Energy’s payout ratio is presently 159.72%.

Valero Energy 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.