Rosenberg Matthew Hamilton Increases Position in Valero Energy Corporation $VLO

Rosenberg Matthew Hamilton raised its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 3.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,730 shares of the oil and gas company’s stock after buying an additional 142 shares during the period. Rosenberg Matthew Hamilton’s holdings in Valero Energy were worth $636,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of 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 valued at $5,135,043,000 after acquiring an additional 4,155,522 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Valero Energy by 6.9% during the first 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 acquiring an additional 736,533 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Valero Energy by 276.9% during the first 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 acquiring an additional 7,931,018 shares in the last quarter. Invesco Ltd. raised its stake in shares of Valero Energy by 34.1% during the first quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock valued at $647,823,000 after acquiring an additional 1,247,196 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Valero Energy during the first quarter valued at approximately $529,864,000. Institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on VLO shares. Raymond James Financial lifted their price target on shares of Valero Energy from $170.00 to $177.00 and gave the company a “strong-buy” rating in a research note on Tuesday, September 9th. Wolfe Research downgraded shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Piper Sandler boosted their price objective on shares of Valero Energy from $171.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, September 11th. Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Finally, Jefferies Financial Group boosted their price objective on shares of Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and an average target price of $169.80.

Valero Energy Price Performance

NYSE VLO opened at $162.19 on Wednesday. The firm’s fifty day simple moving average is $154.47 and its two-hundred day simple moving average is $138.35. 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 Corporation has a 12-month low of $99.00 and a 12-month high of $178.43. The firm has a market capitalization of $50.38 billion, a P/E ratio of 67.58, a P/E/G ratio of 1.66 and a beta of 1.05.

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, 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 business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $27 billion. During the same period in the previous year, the company earned $2.71 earnings per share. The business’s revenue for the quarter was down 13.3% on a year-over-year basis. Analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, July 31st were issued a dividend of $1.13 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.8%. Valero Energy’s payout ratio is 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.