Rosenberg Matthew Hamilton Increases Position in Valero Energy Corporation $VLO

Rosenberg Matthew Hamilton increased its stake in shares of Valero Energy Corporation (NYSE:VLO) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,730 shares of the oil and gas company’s stock after buying an additional 142 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Valero Energy were worth $636,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Kestra Private Wealth Services LLC boosted its holdings in Valero Energy by 18.5% in the first quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company’s stock valued at $2,959,000 after purchasing an additional 3,503 shares during the last quarter. Hancock Whitney Corp boosted its holdings in Valero Energy by 8.9% in the first quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock valued at $6,138,000 after purchasing an additional 3,790 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in Valero Energy in the first quarter valued at $766,000. FORA Capital LLC purchased a new stake in Valero Energy in the first quarter valued at $866,000. Finally, Dynamic Advisor Solutions LLC purchased a new stake in Valero Energy in the first quarter valued at $462,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Stock Up 0.5%

VLO opened at $162.19 on Wednesday. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $154.47 and a 200 day moving average price of $138.35. The company has a market cap of $50.38 billion, a PE ratio of 67.58, a price-to-earnings-growth ratio of 1.66 and a beta of 1.05.

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

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, July 31st. Valero Energy’s dividend payout ratio is 188.33%.

Analyst Ratings Changes

VLO has been the topic of several recent research reports. Raymond James Financial upped their price target on shares of Valero Energy from $170.00 to $177.00 and gave the company a “strong-buy” rating in a report on Tuesday, September 9th. Mizuho upped their price target on shares of Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Morgan Stanley downgraded shares of Valero Energy from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $160.00 to $175.00 in a research report on Friday, October 3rd. Wells Fargo & Company upped their price objective on shares of Valero Energy from $151.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Finally, UBS Group upped their price objective on shares of Valero Energy from $165.00 to $183.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $169.80.

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.