Vanguard Personalized Indexing Management LLC Acquires 7,879 Shares of Valero Energy Corporation $VLO

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 19.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 49,195 shares of the oil and gas company’s stock after buying an additional 7,879 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Valero Energy were worth $6,615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in VLO. Price T Rowe Associates Inc. MD boosted its position in shares of Valero Energy by 276.9% in the first 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 purchasing an additional 7,931,018 shares during the period. Vanguard Group Inc. boosted its position in shares of Valero Energy by 12.0% in 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 period. Nuveen LLC bought a new position in shares of Valero Energy in the first quarter worth approximately $529,864,000. Invesco Ltd. boosted its position in shares of Valero Energy by 34.1% in the first quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock worth $647,823,000 after purchasing an additional 1,247,196 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Valero Energy by 6.9% in the first 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 purchasing an additional 736,533 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Price Performance

Valero Energy stock opened at $161.18 on Tuesday. The company has a market cap of $50.07 billion, a price-to-earnings ratio of 67.16, a PEG ratio of 1.68 and a beta of 1.05. The firm’s fifty day moving average is $153.97 and its 200 day moving average is $138.19. 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 $178.43.

Valero Energy (NYSE:VLO) last released 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. The company had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $27 billion. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. Valero Energy’s revenue was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.71 earnings per share. Sell-side analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Thursday, July 31st. This represents a $4.52 dividend on an annualized basis and a yield of 2.8%. Valero Energy’s payout ratio is 188.33%.

Analyst Ratings Changes

A number of equities analysts have weighed in on VLO shares. Piper Sandler upped 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. Citigroup lowered shares of Valero Energy from a “buy” rating to a “neutral” rating and upped their price target for the stock from $134.00 to $150.00 in a research report on Wednesday, July 16th. TD Cowen downgraded shares of Valero Energy from a “buy” rating to a “hold” rating and boosted their target price for the stock from $118.00 to $140.00 in a report on Tuesday, July 22nd. Jefferies Financial Group boosted their target price on shares of Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a report on Friday. Finally, Barclays boosted their target price on shares of Valero Energy from $151.00 to $169.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.80.

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.