Valero Energy Corporation $VLO Shares Bought by BankPlus Wealth Management LLC

BankPlus Wealth Management LLC grew its position in Valero Energy Corporation (NYSE:VLO) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,358 shares of the oil and gas company’s stock after acquiring an additional 173 shares during the period. BankPlus Wealth Management LLC’s holdings in Valero Energy were worth $451,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake 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 worth $1,425,754,000 after buying an additional 7,931,018 shares in the last quarter. Vanguard Group Inc. grew its holdings in Valero Energy by 12.0% during 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 acquiring an additional 4,155,522 shares during the period. Nuveen LLC acquired a new stake in Valero Energy in the first quarter valued at $529,864,000. GAMMA Investing LLC boosted its position in shares of Valero Energy by 15,395.5% during the 1st quarter. GAMMA Investing LLC now owns 1,355,699 shares of the oil and gas company’s stock worth $179,047,000 after purchasing an additional 1,346,950 shares in the last quarter. Finally, Invesco Ltd. boosted its position 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 worth $647,823,000 after purchasing an additional 1,247,196 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on VLO shares. Raymond James Financial increased their price target on shares of Valero Energy from $170.00 to $177.00 and gave the company a “strong-buy” rating in a report on Tuesday, September 9th. Wolfe Research cut shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Piper Sandler lifted their price target 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. TD Cowen lowered Valero Energy from a “buy” rating to a “hold” rating and boosted their price target for the stock from $118.00 to $140.00 in a research note on Tuesday, July 22nd. Finally, Evercore ISI raised their price objective on Valero Energy from $135.00 to $185.00 and gave the company an “in-line” rating in a research note on Friday, September 19th. Two 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $165.00.

Valero Energy Stock Performance

Valero Energy stock opened at $174.62 on Friday. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $176.02. The company has a market capitalization of $54.25 billion, a price-to-earnings ratio of 72.76, a PEG ratio of 1.80 and a beta of 1.10. The stock has a fifty day moving average of $148.38 and a two-hundred day moving average of $135.25. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.62. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The business’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 earnings per share. On average, analysts anticipate 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. Stockholders of record on Thursday, July 31st were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, July 31st. Valero Energy’s payout ratio is currently 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.