Valero Energy Corporation $VLO Shares Sold by Burney Co.

Burney Co. reduced its position in shares of Valero Energy Corporation (NYSE:VLO) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,450 shares of the oil and gas company’s stock after selling 1,174 shares during the period. Burney Co.’s holdings in Valero Energy were worth $5,303,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VLO. Kestra Private Wealth Services LLC increased its position in shares of Valero Energy by 18.5% during the first quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company’s stock valued at $2,959,000 after acquiring an additional 3,503 shares during the last quarter. Hancock Whitney Corp increased its position in shares of Valero Energy by 8.9% during the first quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock valued at $6,138,000 after acquiring an additional 3,790 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Valero Energy during the first quarter valued at about $766,000. FORA Capital LLC purchased a new position in shares of Valero Energy in the first quarter valued at approximately $866,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Valero Energy by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 560,495 shares of the oil and gas company’s stock valued at $74,025,000 after purchasing an additional 56,274 shares during the period. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Up 1.2%

Shares of Valero Energy stock opened at $171.63 on Tuesday. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $178.43. The company has a 50 day moving average of $162.55 and a 200 day moving average of $143.84. The company has a quick ratio of 1.09, a current ratio of 1.60 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $53.32 billion, a P/E ratio of 35.83, a P/E/G ratio of 1.77 and a beta of 1.05.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.51. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. The company had revenue of $32.17 billion during the quarter, compared to the consensus estimate of $28.80 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. As a group, research analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, November 20th will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $4.52 dividend on an annualized basis and a yield of 2.6%. Valero Energy’s dividend payout ratio (DPR) is presently 94.36%.

Wall Street Analysts Forecast Growth

VLO has been the subject of several recent research reports. Jefferies Financial Group raised their price objective on shares of Valero Energy from $181.00 to $194.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Morgan Stanley lowered shares of Valero Energy from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $160.00 to $175.00 in a research note on Friday, October 3rd. Barclays raised their price objective on shares of Valero Energy from $151.00 to $169.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. TD Cowen raised their price objective on shares of Valero Energy from $162.00 to $165.00 and gave the company a “hold” rating in a research note on Friday, October 24th. Finally, Wells Fargo & Company initiated coverage on shares of Valero Energy in a research note on Friday, October 17th. They issued an “overweight” rating and a $216.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Valero Energy presently has an average rating of “Moderate Buy” and an average target price of $179.27.

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.