Beta Wealth Group Inc. Buys 803 Shares of Valero Energy Corporation $VLO

Beta Wealth Group Inc. grew its stake in shares of Valero Energy Corporation (NYSE:VLO) by 22.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,313 shares of the oil and gas company’s stock after purchasing an additional 803 shares during the quarter. Beta Wealth Group Inc.’s holdings in Valero Energy were worth $580,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Rockefeller Capital Management L.P. raised its position in Valero Energy by 14.9% during the second quarter. Rockefeller Capital Management L.P. now owns 93,957 shares of the oil and gas company’s stock worth $12,630,000 after acquiring an additional 12,178 shares in the last quarter. Citizens Financial Group Inc. RI grew its position in shares of Valero Energy by 29.9% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 4,934 shares of the oil and gas company’s stock valued at $663,000 after acquiring an additional 1,136 shares during the period. Ontario Teachers Pension Plan Board increased its stake in shares of Valero Energy by 49.6% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 34,691 shares of the oil and gas company’s stock worth $4,663,000 after purchasing an additional 11,504 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Valero Energy by 12.4% in the 2nd quarter. Westwood Holdings Group Inc. now owns 4,451 shares of the oil and gas company’s stock valued at $598,000 after purchasing an additional 491 shares during the period. Finally, Fusion Capital LLC lifted its stake in Valero Energy by 2.8% in the 2nd quarter. Fusion Capital LLC now owns 44,908 shares of the oil and gas company’s stock valued at $6,036,000 after purchasing an additional 1,210 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analysts Set New Price Targets

VLO has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Valero Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Wells Fargo & Company boosted their target price on Valero Energy from $216.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Erste Group Bank assumed coverage on Valero Energy in a research note on Monday, November 10th. They issued a “buy” rating on the stock. Morgan Stanley cut shares of Valero Energy from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $160.00 to $175.00 in a research report on Friday, October 3rd. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $195.00 price objective (up from $181.00) on shares of Valero Energy in a report on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $181.00.

Valero Energy Stock Performance

NYSE:VLO opened at $181.63 on Friday. The stock has a 50 day simple moving average of $166.75 and a 200 day simple moving average of $147.60. The stock has a market cap of $55.40 billion, a P/E ratio of 37.92, a PEG ratio of 1.77 and a beta of 1.01. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $183.93. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.51. The firm had revenue of $32.17 billion for the quarter, compared to analysts’ expectations of $28.80 billion. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.14 EPS. Research analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, November 20th will be paid a $1.13 dividend. The ex-dividend date is Thursday, November 20th. This represents a $4.52 annualized dividend and a yield of 2.5%. Valero Energy’s payout ratio is 94.36%.

About Valero Energy

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.