Cypress Capital Group Boosts Stake in Valero Energy Corporation $VLO

Cypress Capital Group increased its stake in Valero Energy Corporation (NYSE:VLO) by 8.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,723 shares of the oil and gas company’s stock after purchasing an additional 1,468 shares during the quarter. Cypress Capital Group’s holdings in Valero Energy were worth $2,517,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Valero Energy by 276.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock worth $1,425,754,000 after buying an additional 7,931,018 shares during the period. Vanguard Group Inc. increased its holdings in Valero Energy by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock worth $5,135,043,000 after acquiring an additional 4,155,522 shares in the last quarter. Nuveen LLC bought a new stake in Valero Energy during the 1st quarter worth approximately $529,864,000. Invesco Ltd. lifted its holdings in Valero Energy by 34.1% during the first quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock valued at $647,823,000 after purchasing an additional 1,247,196 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Valero Energy by 6.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock worth $1,510,586,000 after purchasing an additional 736,533 shares during the period. Institutional investors own 78.69% of the company’s stock.

Valero Energy Price Performance

NYSE:VLO opened at $158.19 on Monday. The business’s 50-day moving average is $153.45 and its 200 day moving average is $137.98. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $178.43. The company has a market capitalization of $49.14 billion, a P/E ratio of 65.91, a P/E/G ratio of 1.68 and a beta of 1.05. 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 released its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.62. The business had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The company’s revenue was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.71 EPS. On average, equities research analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were given a dividend of $1.13 per share. The ex-dividend date was Thursday, July 31st. This represents a $4.52 annualized dividend and a yield of 2.9%. Valero Energy’s dividend payout ratio (DPR) is 188.33%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Valero Energy from $151.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. UBS Group raised their price target on Valero Energy from $165.00 to $183.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Barclays upped their price objective on Valero Energy from $151.00 to $169.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Wolfe Research downgraded Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Finally, Morgan Stanley downgraded Valero Energy from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $160.00 to $175.00 in a research note on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and a consensus price target of $169.80.

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.