Stiles Financial Services Inc Increases Holdings in Valero Energy Corporation $VLO

Stiles Financial Services Inc boosted its stake in Valero Energy Corporation (NYSE:VLO) by 8.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,756 shares of the oil and gas company’s stock after buying an additional 1,446 shares during the quarter. Stiles Financial Services Inc’s holdings in Valero Energy were worth $2,387,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VLO. Wayfinding Financial LLC purchased a new stake in Valero Energy in the 1st quarter valued at approximately $26,000. Hoey Investments Inc. purchased a new stake in Valero Energy in the 2nd quarter valued at approximately $26,000. GFG Capital LLC purchased a new stake in Valero Energy in the 2nd quarter valued at approximately $27,000. Hazlett Burt & Watson Inc. lifted 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 valued at $28,000 after buying an additional 130 shares in the last quarter. Finally, Hemington Wealth Management lifted its stake in Valero Energy by 39.9% in the 1st quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Price Performance

VLO stock opened at $162.00 on Friday. The stock has a 50-day moving average price of $152.95 and a two-hundred day moving average price of $137.74. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $178.43. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The company has a market cap of $50.33 billion, a PE ratio of 67.50, a price-to-earnings-growth ratio of 1.73 and a beta of 1.05.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.62. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The firm 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 business earned $2.71 earnings per share. The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. As a group, research analysts predict that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were given a $1.13 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $4.52 annualized dividend and a yield of 2.8%. Valero Energy’s dividend payout ratio (DPR) is 188.33%.

Analysts Set New Price Targets

VLO has been the topic of a number of recent analyst reports. Evercore ISI increased their price target on Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a research note on Friday, September 19th. Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Wolfe Research lowered Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Morgan Stanley lowered Valero Energy from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $160.00 to $175.00 in a research note on Friday, October 3rd. Finally, Piper Sandler increased their price target on Valero Energy from $171.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $168.07.

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.