Dakota Wealth Management Purchases 2,406 Shares of Valero Energy Corporation $VLO

Dakota Wealth Management boosted its stake in shares of Valero Energy Corporation (NYSE:VLO) by 23.4% during the 2nd quarter, Holdings Channel reports. The firm owned 12,686 shares of the oil and gas company’s stock after acquiring an additional 2,406 shares during the quarter. Dakota Wealth Management’s holdings in Valero Energy were worth $1,705,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. Kestra Private Wealth Services LLC raised its position 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 last quarter. Hancock Whitney Corp boosted its stake in Valero Energy by 8.9% during the first quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock worth $6,138,000 after buying an additional 3,790 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in Valero Energy during the first quarter worth about $766,000. Sendero Wealth Management LLC boosted its stake in Valero Energy by 11.0% during the first quarter. Sendero Wealth Management LLC now owns 20,198 shares of the oil and gas company’s stock worth $2,668,000 after buying an additional 2,000 shares during the period. Finally, FORA Capital LLC purchased a new position in Valero Energy during the first quarter worth about $866,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on VLO. Mizuho raised 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. Morgan Stanley raised their target price on shares of Valero Energy from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. TD Cowen cut shares of Valero Energy from a “buy” rating to a “hold” rating and raised their price objective for the stock from $118.00 to $140.00 in a report on Tuesday, July 22nd. Evercore ISI raised 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, UBS Group raised their target price on shares of Valero Energy from $165.00 to $183.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.00.

Valero Energy Trading Up 0.7%

NYSE:VLO opened at $175.72 on Friday. The company has a market capitalization of $54.59 billion, a PE ratio of 73.22, a price-to-earnings-growth ratio of 1.84 and a beta of 1.10. 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 52-week low of $99.00 and a 52-week high of $178.43. The stock has a fifty day simple moving average of $148.97 and a 200-day simple moving average of $135.61.

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, topping the consensus estimate 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 the consensus estimate of $27 billion. During the same quarter in the previous year, the company posted $2.71 EPS. The business’s revenue was down 13.3% on a year-over-year basis. On average, equities research analysts expect that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, July 31st. Valero Energy’s dividend payout ratio is 188.33%.

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.