Yousif Capital Management LLC Acquires 745 Shares of Valero Energy Corporation $VLO

Yousif Capital Management LLC increased its holdings in Valero Energy Corporation (NYSE:VLO) by 1.4% during the second quarter, Holdings Channel.com reports. The firm owned 53,785 shares of the oil and gas company’s stock after acquiring an additional 745 shares during the quarter. Yousif Capital Management LLC’s holdings in Valero Energy were worth $7,230,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. MGO One Seven LLC grew its stake in shares of Valero Energy by 5.6% during the second quarter. MGO One Seven LLC now owns 23,443 shares of the oil and gas company’s stock valued at $3,151,000 after buying an additional 1,238 shares during the last quarter. Cypress Capital Group lifted its position in Valero Energy by 8.5% in the second quarter. Cypress Capital Group now owns 18,723 shares of the oil and gas company’s stock valued at $2,517,000 after purchasing an additional 1,468 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Valero Energy by 19.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,449,814 shares of the oil and gas company’s stock valued at $200,089,000 after purchasing an additional 238,602 shares during the last quarter. SPC Financial Inc. lifted its position in Valero Energy by 8.1% in the second quarter. SPC Financial Inc. now owns 9,372 shares of the oil and gas company’s stock valued at $1,260,000 after purchasing an additional 700 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Valero Energy by 8.5% in the second quarter. CWM LLC now owns 42,999 shares of the oil and gas company’s stock worth $5,780,000 after buying an additional 3,354 shares during the period. 78.69% of the stock is owned by institutional investors.

Valero Energy Stock Up 0.5%

Shares of Valero Energy stock opened at $162.19 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. The company has a 50-day moving average of $154.47 and a 200 day moving average of $138.35. The firm has a market cap of $50.38 billion, a price-to-earnings ratio of 67.58, a PEG ratio of 1.66 and a beta of 1.05. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $178.43.

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

Valero Energy Dividend Announcement

The business also recently disclosed 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 2.8%. Valero Energy’s payout ratio is presently 188.33%.

Wall Street Analyst Weigh In

Several brokerages recently commented on VLO. Wolfe Research downgraded shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Evercore ISI increased their target price on shares of Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a report on Friday, September 19th. Morgan Stanley lowered Valero Energy from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $160.00 to $175.00 in a research report on Friday, October 3rd. TD Cowen lowered Valero Energy from a “buy” rating to a “hold” rating and upped their price target for the company from $118.00 to $140.00 in a research report on Tuesday, July 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Valero Energy in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and an average target price of $169.80.

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.