Valero Energy Corporation $VLO Shares Sold by LSV Asset Management

LSV Asset Management lowered its stake in shares of Valero Energy Corporation (NYSE:VLO) by 3.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,354,190 shares of the oil and gas company’s stock after selling 49,400 shares during the period. LSV Asset Management owned about 0.44% of Valero Energy worth $182,030,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in VLO. Kestra Private Wealth Services LLC boosted its stake in shares of Valero Energy by 18.5% in the first quarter. Kestra Private Wealth Services LLC now owns 22,402 shares of the oil and gas company’s stock worth $2,959,000 after acquiring an additional 3,503 shares during the last quarter. Hancock Whitney Corp raised its stake in 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 worth $6,138,000 after purchasing an additional 3,790 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Valero Energy in the first quarter valued at approximately $766,000. FORA Capital LLC acquired a new position in shares of Valero Energy in the 1st quarter valued at $866,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Valero Energy by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 560,495 shares of the oil and gas company’s stock worth $74,025,000 after buying 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 Performance

NYSE:VLO opened at $181.63 on Monday. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $183.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. The firm has a market capitalization of $55.40 billion, a PE ratio of 37.92, a price-to-earnings-growth ratio of 1.77 and a beta of 1.01. The business’s fifty day moving average price is $166.75 and its 200 day moving average price is $147.82.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.51. The business had revenue of $32.17 billion for the quarter, compared to the consensus estimate of $28.80 billion. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.14 EPS. On average, 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 announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, November 20th will be issued a $1.13 dividend. The ex-dividend date is Thursday, November 20th. This represents a $4.52 annualized dividend and a dividend yield of 2.5%. Valero Energy’s dividend payout ratio is presently 94.36%.

Analyst Ratings Changes

Several equities analysts have recently commented on VLO shares. Raymond James Financial restated 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. Jefferies Financial Group lifted their price objective on Valero Energy from $181.00 to $194.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Piper Sandler increased their target price on Valero Energy from $201.00 to $223.00 and gave the stock an “overweight” rating in a research note on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Valero Energy in a report on Wednesday, October 8th. Finally, Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $152.00 to $179.00 in a report on Wednesday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $181.00.

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.