Valero Energy Corporation $VLO Stake Boosted by QTR Family Wealth LLC

QTR Family Wealth LLC increased its stake in Valero Energy Corporation (NYSE:VLO) by 16.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,333 shares of the oil and gas company’s stock after purchasing an additional 325 shares during the quarter. QTR Family Wealth LLC’s holdings in Valero Energy were worth $314,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Kestra Private Wealth Services LLC increased its stake in Valero Energy by 18.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company’s stock worth $2,959,000 after purchasing an additional 3,503 shares in the last quarter. Hancock Whitney Corp increased its stake in Valero Energy by 8.9% in the 1st quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock worth $6,138,000 after purchasing an additional 3,790 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in Valero Energy in the 1st quarter worth about $766,000. Sendero Wealth Management LLC increased its stake in Valero Energy by 11.0% in the 1st quarter. Sendero Wealth Management LLC now owns 20,198 shares of the oil and gas company’s stock worth $2,668,000 after purchasing an additional 2,000 shares in the last quarter. Finally, FORA Capital LLC purchased a new position in Valero Energy in the 1st quarter worth about $866,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on VLO. Morgan Stanley lifted their target price on Valero Energy from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Mizuho lifted their target price on Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Wolfe Research cut Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Citigroup cut Valero Energy from a “buy” rating to a “neutral” rating and lifted their target price for the company from $134.00 to $150.00 in a research note on Wednesday, July 16th. Finally, Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $165.00.

Valero Energy Stock Down 1.1%

Shares of Valero Energy stock opened at $170.30 on Wednesday. The firm has a market cap of $52.90 billion, a price-to-earnings ratio of 70.96, a P/E/G ratio of 1.81 and a beta of 1.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $178.43. The stock has a 50-day simple moving average of $150.00 and a 200-day simple moving average of $136.29.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.62. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $27 billion. During the same period in the previous year, the company earned $2.71 EPS. The firm’s revenue was down 13.3% on a year-over-year basis. On average, equities research analysts expect that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $4.52 dividend on an annualized basis and a yield of 2.7%. Valero Energy’s dividend payout ratio is presently 188.33%.

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.