Ransom Advisory Ltd Acquires New Shares in Valero Energy Corporation $VLO

Ransom Advisory Ltd acquired a new stake in Valero Energy Corporation (NYSE:VLO) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 322 shares of the oil and gas company’s stock, valued at approximately $43,000.

A number of other large investors have also made changes to their positions in VLO. Wayfinding Financial LLC bought a new stake in shares of Valero Energy in the 1st quarter valued at $26,000. Hazlett Burt & Watson Inc. increased its position in shares of 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. Ameriflex Group Inc. bought a new stake in shares of Valero Energy in the 4th quarter valued at $29,000. Hemington Wealth Management increased its position in shares of 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. Finally, Iron Horse Wealth Management LLC bought a new stake in shares of Valero Energy in the 1st quarter valued at $44,000. Institutional investors own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on VLO. Citigroup cut shares of Valero Energy from a “buy” rating to a “neutral” rating and upped their price objective for the company from $134.00 to $150.00 in a research report on Wednesday, July 16th. UBS Group increased their target price on Valero Energy from $164.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Raymond James Financial increased their target price on Valero Energy from $170.00 to $177.00 and gave the stock a “strong-buy” rating in a report on Tuesday. Wells Fargo & Company increased their target price on Valero Energy from $151.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Finally, TD Cowen cut Valero Energy from a “buy” rating to a “hold” rating and increased their target price for the stock from $118.00 to $140.00 in a report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.73.

Valero Energy Price Performance

Shares of NYSE VLO opened at $158.19 on Thursday. The stock has a market capitalization of $49.14 billion, a price-to-earnings ratio of 65.91, a PEG ratio of 1.90 and a beta of 1.10. The business has a 50-day moving average of $144.69 and a 200-day moving average of $132.56. 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 $163.02.

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