Marino Stram & Associates LLC Increases Stake in Valero Energy Corporation $VLO

Marino Stram & Associates LLC raised its holdings in Valero Energy Corporation (NYSE:VLO) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,484 shares of the oil and gas company’s stock after purchasing an additional 159 shares during the quarter. Marino Stram & Associates LLC’s holdings in Valero Energy were worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Broadway Wealth Solutions Inc. boosted its stake in shares of Valero Energy by 3.8% in the second quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock valued at $251,000 after purchasing an additional 69 shares during the period. Park Place Capital Corp increased its position in shares of Valero Energy by 21.8% during the second quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock worth $58,000 after acquiring an additional 75 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its position in shares of Valero Energy by 1.4% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock worth $732,000 after acquiring an additional 78 shares during the last quarter. Summit Financial LLC increased its position in shares of Valero Energy by 4.6% during the first quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock worth $239,000 after acquiring an additional 79 shares during the last quarter. Finally, Keeley Teton Advisors LLC increased its position in shares of Valero Energy by 1.1% during the first quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock worth $1,025,000 after acquiring an additional 81 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on VLO shares. Piper Sandler raised their price objective on Valero Energy from $171.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, September 11th. Wells Fargo & Company boosted their target price on shares of Valero Energy from $151.00 to $168.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. 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 research report on Tuesday, July 22nd. Mizuho lifted their price target on Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Finally, Wolfe Research downgraded Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $165.00.

Valero Energy Price Performance

Shares of NYSE:VLO opened at $170.30 on Wednesday. The firm’s 50 day moving average is $150.00 and its two-hundred day moving average is $136.29. Valero Energy Corporation has a 52 week low of $99.00 and a 52 week high of $178.43. The firm has a market capitalization of $52.90 billion, a P/E ratio of 70.96, a PEG ratio of 1.81 and a beta of 1.10. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.62. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $27 billion. During the same period in the prior year, the company posted $2.71 EPS. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. Analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, July 31st. Valero Energy’s payout ratio is currently 188.33%.

Valero Energy 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.