PFG Advisors Takes Position in Valero Energy Corporation $VLO

PFG Advisors purchased a new position in shares of Valero Energy Corporation (NYSE:VLO) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,979 shares of the oil and gas company’s stock, valued at approximately $266,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT raised its position in Valero Energy by 103.5% during the 2nd quarter. Zions Bancorporation National Association UT now owns 1,614 shares of the oil and gas company’s stock worth $217,000 after buying an additional 821 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of Valero Energy by 0.9% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 16,166 shares of the oil and gas company’s stock worth $2,173,000 after acquiring an additional 144 shares during the period. Midwest Trust Co acquired a new position in shares of Valero Energy during the second quarter worth about $541,000. Acadian Asset Management LLC raised its holdings in Valero Energy by 15.3% during the second quarter. Acadian Asset Management LLC now owns 119,225 shares of the oil and gas company’s stock worth $16,020,000 after purchasing an additional 15,861 shares in the last quarter. Finally, Sound View Wealth Advisors Group LLC acquired a new stake in Valero Energy in the second quarter valued at about $200,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wall Street Zen upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, October 25th. Mizuho upped their price objective on Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Morgan Stanley cut Valero Energy from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $160.00 to $175.00 in a research report on Friday, October 3rd. Evercore ISI boosted their target price on shares of Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a research report on Friday, September 19th. Finally, Erste Group Bank started coverage on shares of Valero Energy in a research note on Monday. They set a “buy” rating on the stock. 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $179.53.

Valero Energy Stock Down 2.0%

VLO opened at $177.25 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.60. The company has a market cap of $54.06 billion, a price-to-earnings ratio of 37.01, a PEG ratio of 1.77 and a beta of 1.01. Valero Energy Corporation has a one year low of $99.00 and a one year high of $182.99. The business’s fifty day moving average is $165.85 and its two-hundred day moving average is $146.71.

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

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, November 20th will be given a dividend of $1.13 per share. The ex-dividend date is Thursday, November 20th. This represents a $4.52 dividend on an annualized basis and a yield of 2.6%. Valero Energy’s payout ratio is presently 94.36%.

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.