Shell Asset Management Co. Has $1.69 Million Stock Holdings in Valero Energy Corporation $VLO

Shell Asset Management Co. raised its stake in shares of Valero Energy Corporation (NYSE:VLO) by 29.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,587 shares of the oil and gas company’s stock after purchasing an additional 2,867 shares during the period. Shell Asset Management Co.’s holdings in Valero Energy were worth $1,692,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of VLO. Wayfinding Financial LLC acquired a new stake in shares of Valero Energy in the first quarter worth $26,000. Hoey Investments Inc. acquired a new stake in shares of Valero Energy in the second quarter worth $26,000. Hazlett Burt & Watson Inc. grew its stake in shares of Valero Energy by 156.6% in the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 130 shares during the last quarter. Hemington Wealth Management grew its stake in shares of Valero Energy by 39.9% in the first quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 95 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new stake in shares of Valero Energy in the first quarter worth $43,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Performance

Valero Energy stock opened at $162.41 on Thursday. The stock has a 50-day simple moving average of $152.45 and a 200 day simple moving average of $137.53. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $178.43. The stock has a market capitalization of $50.45 billion, a price-to-earnings ratio of 67.67, a P/E/G ratio of 1.74 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 (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $27 billion. During the same period in the previous year, the business posted $2.71 earnings per share. The firm’s revenue for the quarter was down 13.3% compared to the same quarter last year. On average, research analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on VLO. Wells Fargo & Company raised their price objective on shares of Valero Energy from $151.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. TD Cowen cut Valero Energy from a “buy” rating to a “hold” rating and raised their target price for the stock from $118.00 to $140.00 in a research report on Tuesday, July 22nd. UBS Group raised their target price on Valero Energy from $165.00 to $183.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Raymond James Financial raised their target price on Valero Energy from $170.00 to $177.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, September 9th. Finally, Barclays raised their target price on Valero Energy from $151.00 to $169.00 and gave the stock an “overweight” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $168.07.

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.