Valero Energy Corporation $VLO Shares Bought by Park Place Capital Corp

Park Place Capital Corp raised its position in Valero Energy Corporation (NYSE:VLO) by 21.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 419 shares of the oil and gas company’s stock after purchasing an additional 75 shares during the quarter. Park Place Capital Corp’s holdings in Valero Energy were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Kestra Private Wealth Services LLC lifted its holdings in shares of 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 buying an additional 3,503 shares during the period. Hancock Whitney Corp grew its position in Valero Energy by 8.9% during 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 shares of Valero Energy during the 1st quarter valued at $766,000. Sendero Wealth Management LLC grew its holdings in shares of Valero Energy by 11.0% during the 1st quarter. Sendero Wealth Management LLC now owns 20,198 shares of the oil and gas company’s stock valued at $2,668,000 after acquiring an additional 2,000 shares in the last quarter. Finally, FORA Capital LLC purchased a new position in shares of Valero Energy during the 1st quarter valued at $866,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Price Performance

Shares of VLO stock opened at $170.30 on Wednesday. The firm’s 50 day moving average is $150.00 and its 200-day moving average is $136.29. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $178.43. The firm has a market capitalization of $52.90 billion, a price-to-earnings ratio of 70.96, a PEG ratio of 1.81 and a beta of 1.10. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, beating 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 business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $27 billion. During the same period in the prior year, the business posted $2.71 earnings per share. Valero Energy’s revenue was down 13.3% compared to the same quarter last year. Sell-side analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were issued a $1.13 dividend. The ex-dividend date was Thursday, July 31st. This represents a $4.52 annualized dividend and a yield of 2.7%. Valero Energy’s dividend payout ratio (DPR) is 188.33%.

Analyst Ratings Changes

VLO has been the subject of several analyst reports. Mizuho lifted their price objective on shares of Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Piper Sandler boosted their target price on shares of Valero Energy from $171.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, September 11th. Citigroup downgraded shares of Valero Energy from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $134.00 to $150.00 in a report on Wednesday, July 16th. Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Finally, UBS Group upped their target price on shares of Valero Energy from $165.00 to $183.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $165.00.

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.