SPC Financial Inc. Has $1.26 Million Stock Position in Valero Energy Corporation $VLO

SPC Financial Inc. grew its position in Valero Energy Corporation (NYSE:VLO) by 8.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,372 shares of the oil and gas company’s stock after buying an additional 700 shares during the period. SPC Financial Inc.’s holdings in Valero Energy were worth $1,260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hoey Investments Inc. acquired a new position in Valero Energy in the 2nd quarter worth $26,000. Wayfinding Financial LLC acquired a new position in Valero Energy in the 1st quarter worth $26,000. GFG Capital LLC acquired a new position in Valero Energy in the 2nd quarter worth $27,000. Hazlett Burt & Watson Inc. boosted its stake in Valero Energy by 156.6% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 130 shares during the period. Finally, Ransom Advisory Ltd acquired a new position in Valero Energy in the 1st quarter worth $43,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Valero Energy from $151.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a research note on Wednesday. TD Cowen lowered shares of Valero Energy from a “buy” rating to a “hold” rating and upped their target price for the stock from $118.00 to $140.00 in a research note on Tuesday, July 22nd. Morgan Stanley lowered shares of Valero Energy from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $160.00 to $175.00 in a research note on Friday, October 3rd. Finally, Wolfe Research cut Valero Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Two 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 MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and a consensus price target of $169.80.

Valero Energy Price Performance

Shares of NYSE VLO opened at $158.19 on Friday. The stock has a market capitalization of $49.14 billion, a price-to-earnings ratio of 65.91, a PEG ratio of 1.69 and a beta of 1.05. The business has a 50-day moving average of $153.45 and a 200-day moving average of $137.94. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $178.43.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.62. The company had revenue of $29.89 billion during the quarter, compared to analysts’ expectations of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.Valero Energy’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.71 EPS. As a group, sell-side analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

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

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.