Kwmg LLC Buys 3,784 Shares of Valero Energy Corporation $VLO

Kwmg LLC boosted its stake in Valero Energy Corporation (NYSE:VLO) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,005 shares of the oil and gas company’s stock after acquiring an additional 3,784 shares during the period. Valero Energy accounts for approximately 1.1% of Kwmg LLC’s holdings, making the stock its 27th biggest holding. Kwmg LLC’s holdings in Valero Energy were worth $12,233,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in VLO. Vanguard Group Inc. boosted its holdings in shares of Valero Energy by 12.0% during the 1st quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock valued at $5,135,043,000 after buying an additional 4,155,522 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Valero Energy by 6.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock valued at $1,510,586,000 after buying an additional 736,533 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 valued at $1,425,754,000 after buying an additional 7,931,018 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Valero Energy by 34.1% during the 1st quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock valued at $647,823,000 after buying an additional 1,247,196 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Valero Energy during the 1st quarter valued at $529,864,000. Institutional investors own 78.69% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Valero Energy from $151.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Morgan Stanley boosted their target price on shares of Valero Energy from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $152.00 to $179.00 in a report on Wednesday, September 3rd. Piper Sandler increased their price objective on shares of Valero Energy from $171.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. Finally, Wolfe Research downgraded shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Two 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $165.00.

Valero Energy Price Performance

Shares of NYSE:VLO opened at $166.52 on Tuesday. The firm’s 50 day moving average price is $146.80 and its 200-day moving average price is $134.42. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $167.08. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $51.73 billion, a PE ratio of 69.38, a price-to-earnings-growth ratio of 1.76 and a beta of 1.10.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.62. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The firm had revenue of $29.89 billion for the quarter, compared to analysts’ expectations of $27 billion. During the same quarter in the prior year, the business earned $2.71 EPS. The business’s quarterly revenue was down 13.3% on a year-over-year basis. Equities research analysts expect that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were paid 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 2.7%. Valero Energy’s dividend payout ratio (DPR) is presently 188.33%.

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.