Valero Energy Corporation $VLO Shares Bought by NewSquare Capital LLC

NewSquare Capital LLC raised its holdings in Valero Energy Corporation (NYSE:VLO) by 4.3% during the second quarter, HoldingsChannel reports. The firm owned 37,757 shares of the oil and gas company’s stock after buying an additional 1,567 shares during the period. NewSquare Capital LLC’s holdings in Valero Energy were worth $5,014,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Huntington National Bank boosted its holdings in shares of Valero Energy by 1.4% in the second quarter. Huntington National Bank now owns 802,329 shares of the oil and gas company’s stock valued at $107,849,000 after acquiring an additional 11,032 shares in the last quarter. Freestone Capital Holdings LLC purchased a new stake in shares of Valero Energy in the second quarter valued at about $308,000. Bank of Montreal Can boosted its holdings in Valero Energy by 1.7% during the second quarter. Bank of Montreal Can now owns 506,432 shares of the oil and gas company’s stock worth $68,075,000 after buying an additional 8,368 shares in the last quarter. Intellectus Partners LLC boosted its holdings in Valero Energy by 7.6% during the second quarter. Intellectus Partners LLC now owns 11,649 shares of the oil and gas company’s stock worth $1,566,000 after buying an additional 823 shares in the last quarter. Finally, Versor Investments LP purchased a new stake in Valero Energy during the second quarter worth about $340,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

Shares of VLO stock opened at $171.63 on Tuesday. Valero Energy Corporation has a one year low of $99.00 and a one year high of $178.43. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.60. The company has a 50 day moving average price of $162.55 and a 200 day moving average price of $143.84. The firm has a market capitalization of $53.32 billion, a price-to-earnings ratio of 35.83, a price-to-earnings-growth ratio of 1.77 and a beta of 1.05.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, topping the consensus estimate of $3.15 by $0.51. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. The firm had revenue of $32.17 billion during the quarter, compared to analyst estimates of $28.80 billion. During the same quarter in the prior year, the business posted $1.14 earnings per share. Valero Energy’s revenue for the quarter was down 2.2% compared to the same quarter last year. Sell-side analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, November 20th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.6%. The ex-dividend date is Thursday, November 20th. Valero Energy’s payout ratio is currently 94.36%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VLO. TD Cowen boosted their price objective on shares of Valero Energy from $162.00 to $165.00 and gave the stock a “hold” rating in a report on Friday, October 24th. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Morgan Stanley cut shares of Valero Energy from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $160.00 to $175.00 in a research report on Friday, October 3rd. Wall Street Zen upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, October 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Valero Energy from $177.00 to $197.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $179.27.

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.