Valero Energy Corporation $VLO Position Lifted by Childress Capital Advisors LLC

Childress Capital Advisors LLC lifted its stake in shares of Valero Energy Corporation (NYSE:VLO) by 27.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,253 shares of the oil and gas company’s stock after buying an additional 490 shares during the quarter. Childress Capital Advisors LLC’s holdings in Valero Energy were worth $303,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in Valero Energy by 276.9% during the 1st 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 last quarter. Vanguard Group Inc. lifted its stake in Valero Energy by 12.0% during the first quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock worth $5,135,043,000 after purchasing an additional 4,155,522 shares during the last quarter. Nuveen LLC bought a new position in Valero Energy during the first quarter worth $529,864,000. Invesco Ltd. lifted its position in shares of Valero Energy by 34.1% in the 1st quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock worth $647,823,000 after buying an additional 1,247,196 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Valero Energy by 6.9% in the 1st 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 buying an additional 736,533 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on VLO shares. Piper Sandler raised their price target on shares of Valero Energy from $171.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, September 11th. 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 report on Monday, September 22nd. Citigroup downgraded Valero Energy from a “buy” rating to a “neutral” rating and raised their price target for the stock from $134.00 to $150.00 in a report on Wednesday, July 16th. Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $152.00 to $179.00 in a report on Wednesday, September 3rd. Finally, Wells Fargo & Company raised their price target on Valero Energy from $151.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $165.00.

Valero Energy Stock Performance

VLO opened at $167.63 on Thursday. The business’s 50 day moving average is $150.40 and its 200-day moving average is $136.51. 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 stock has a market cap of $52.07 billion, a PE ratio of 69.84, a price-to-earnings-growth ratio of 1.79 and a beta of 1.05. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43.

Valero Energy (NYSE:VLO) last announced its earnings results 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. 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 for the quarter, compared to the consensus estimate of $27 billion. During the same quarter in the previous year, the business earned $2.71 EPS. The firm’s revenue for the quarter was down 13.3% on a year-over-year basis. On average, analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently declared 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. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, July 31st. Valero Energy’s 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.