WP Advisors LLC Increases Holdings in Valero Energy Corporation $VLO

WP Advisors LLC raised its stake in Valero Energy Corporation (NYSE:VLO) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,248 shares of the oil and gas company’s stock after acquiring an additional 325 shares during the period. Valero Energy makes up 1.3% of WP Advisors LLC’s portfolio, making the stock its 21st biggest position. WP Advisors LLC’s holdings in Valero Energy were worth $4,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Broadway Wealth Solutions Inc. grew its position in Valero Energy by 3.8% during the 2nd quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock valued at $251,000 after purchasing an additional 69 shares during the last quarter. Park Place Capital Corp lifted its stake in shares of Valero Energy by 21.8% in the second quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock worth $58,000 after buying an additional 75 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Valero Energy by 1.4% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock valued at $732,000 after buying an additional 78 shares during the last quarter. Summit Financial LLC increased its position in shares of Valero Energy by 4.6% during the first quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock valued at $239,000 after acquiring an additional 79 shares in the last quarter. Finally, Keeley Teton Advisors LLC raised its holdings in Valero Energy by 1.1% in the 1st quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock worth $1,025,000 after acquiring an additional 81 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Barclays increased their target price on Valero Energy from $151.00 to $169.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Mizuho upped their price target on Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Jefferies Financial Group lifted their price objective on Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Wells Fargo & Company upped their target price on shares of Valero Energy from $216.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $152.00 to $179.00 in a report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.53.

Valero Energy Trading Down 1.0%

Valero Energy stock opened at $175.68 on Friday. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $182.99. The company has a market cap of $53.58 billion, a P/E ratio of 36.68, a P/E/G ratio of 1.77 and a beta of 1.01. The company has a quick ratio of 1.09, a current ratio of 1.60 and a debt-to-equity ratio of 0.36. The business has a 50-day simple moving average of $166.25 and a two-hundred day simple moving average of $146.91.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.51. The firm had revenue of $32.17 billion for the quarter, compared to analysts’ expectations of $28.80 billion. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. The business’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.14 EPS. Analysts predict that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, November 20th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, November 20th. Valero Energy’s dividend payout ratio (DPR) is currently 94.36%.

About Valero Energy

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.