Valero Energy Corporation $VLO Shares Acquired by Jacobi Capital Management LLC

Jacobi Capital Management LLC grew its position in Valero Energy Corporation (NYSE:VLO) by 4.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,876 shares of the oil and gas company’s stock after purchasing an additional 624 shares during the period. Jacobi Capital Management LLC’s holdings in Valero Energy were worth $2,097,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wayfinding Financial LLC acquired a new position in shares of Valero Energy in the 1st quarter valued at about $26,000. Hazlett Burt & Watson Inc. lifted its stake 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 purchasing an additional 130 shares in the last quarter. Ameriflex Group Inc. acquired a new position in shares of Valero Energy in the 4th quarter valued at about $29,000. Ransom Advisory Ltd acquired a new position in shares of Valero Energy in the 1st quarter valued at about $43,000. Finally, Iron Horse Wealth Management LLC acquired a new position in shares of Valero Energy in the 1st quarter valued at about $44,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Price Performance

VLO stock opened at $157.55 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $163.02. The stock’s 50 day moving average is $144.98 and its two-hundred day moving average is $132.71. The company has a market capitalization of $48.94 billion, a PE ratio of 65.65, a P/E/G ratio of 1.86 and a beta of 1.10.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, topping 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 company had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $27 billion. During the same period in the previous year, the business earned $2.71 EPS. Valero Energy’s revenue for the quarter was down 13.3% compared to the same quarter last year. Analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were issued a dividend of $1.13 per share. The ex-dividend date was Thursday, July 31st. This represents a $4.52 annualized dividend and a yield of 2.9%. Valero Energy’s payout ratio is currently 188.33%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Raymond James Financial lifted their price objective on Valero Energy from $170.00 to $177.00 and gave the company a “strong-buy” rating in a research note on Tuesday. TD Cowen lowered Valero Energy from a “buy” rating to a “hold” rating and lifted their price objective for the company from $118.00 to $140.00 in a research note on Tuesday, July 22nd. UBS Group raised their target price on Valero Energy from $164.00 to $165.00 and gave the company a “buy” rating in a report on Friday, July 25th. Morgan Stanley raised their target price on Valero Energy from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Finally, Wolfe Research downgraded Valero Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and an average price target of $158.87.

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.