Pinion Investment Advisors LLC Boosts Stake in Valero Energy Corporation $VLO

Pinion Investment Advisors LLC boosted its stake in Valero Energy Corporation (NYSE:VLO) by 3.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,167 shares of the oil and gas company’s stock after buying an additional 130 shares during the quarter. Pinion Investment Advisors LLC’s holdings in Valero Energy were worth $560,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Broadway Wealth Solutions Inc. increased its stake in shares of Valero Energy by 3.8% during the second quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock valued at $251,000 after acquiring an additional 69 shares during the period. Park Place Capital Corp increased its stake in shares of Valero Energy by 21.8% during the second quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock valued at $58,000 after acquiring an additional 75 shares during the period. Pinnacle Wealth Planning Services Inc. increased its stake 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 acquiring an additional 78 shares during the period. Summit Financial LLC increased its stake 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 during the period. Finally, Keeley Teton Advisors LLC increased its stake in shares of Valero Energy by 1.1% during the first quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock valued at $1,025,000 after acquiring an additional 81 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Down 0.3%

Valero Energy stock opened at $162.00 on Friday. The company’s fifty day simple moving average is $152.95 and its 200-day simple moving average is $137.74. 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 cap of $50.33 billion, a P/E ratio of 67.50, a P/E/G ratio of 1.73 and a beta of 1.05.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 EPS 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 analysts’ expectations of $27 billion. During the same period in the previous year, the company posted $2.71 EPS. Valero Energy’s revenue was down 13.3% on a year-over-year basis. As a group, sell-side analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Dividend Announcement

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

Analysts Set New Price Targets

VLO has been the topic of several recent research reports. Piper Sandler lifted their price target 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. Mizuho lifted their price target on shares of Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Citigroup lowered shares of Valero Energy from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $134.00 to $150.00 in a research report on Wednesday, July 16th. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Finally, TD Cowen lowered shares of Valero Energy from a “buy” rating to a “hold” rating and lifted their price target for the stock from $118.00 to $140.00 in a research report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and an average target price of $168.07.

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.