Interval Partners LP Increases Position in Valero Energy Co. (NYSE:VLO)

Interval Partners LP grew its stake in Valero Energy Co. (NYSE:VLO) by 177.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,784 shares of the oil and gas company’s stock after acquiring an additional 24,829 shares during the quarter. Interval Partners LP’s holdings in Valero Energy were worth $4,755,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Investment Management Corp of Ontario increased its holdings in shares of Valero Energy by 1.6% in the 4th quarter. Investment Management Corp of Ontario now owns 21,724 shares of the oil and gas company’s stock valued at $2,663,000 after acquiring an additional 343 shares during the period. Guardian Wealth Advisors LLC NC boosted its position in shares of Valero Energy by 9.6% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 1,979 shares of the oil and gas company’s stock worth $243,000 after purchasing an additional 173 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Valero Energy by 68.6% in the 4th quarter. Focus Partners Wealth now owns 34,199 shares of the oil and gas company’s stock worth $4,222,000 after purchasing an additional 13,915 shares in the last quarter. Ethic Inc. boosted its position in shares of Valero Energy by 223.6% in the 4th quarter. Ethic Inc. now owns 7,223 shares of the oil and gas company’s stock worth $885,000 after purchasing an additional 4,991 shares in the last quarter. Finally, Family Management Corp boosted its position in shares of Valero Energy by 61.3% in the 4th quarter. Family Management Corp now owns 23,489 shares of the oil and gas company’s stock worth $2,880,000 after purchasing an additional 8,930 shares in the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VLO has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price objective on Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. The Goldman Sachs Group raised Valero Energy from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $115.00 to $127.00 in a research report on Monday, April 28th. Morgan Stanley lowered their price objective on Valero Energy from $160.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lowered their price target on Valero Energy from $152.00 to $147.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.53.

Valero Energy Stock Performance

Shares of VLO stock opened at $122.97 on Monday. The stock has a market cap of $38.51 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 2.93 and a beta of 0.98. The business has a 50-day simple moving average of $120.15 and a 200-day simple moving average of $128.42. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 52-week low of $99.00 and a 52-week high of $167.78.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.27). The company had revenue of $28.76 billion during the quarter, compared to analyst estimates of $28.54 billion. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm earned $3.82 EPS. On average, equities analysts expect that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, May 20th will be issued a $1.13 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $4.52 dividend on an annualized basis and a yield of 3.68%. Valero Energy’s payout ratio is 159.72%.

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.