Valero Energy Corporation $VLO Shares Sold by Entropy Technologies LP

Entropy Technologies LP cut its holdings in Valero Energy Corporation (NYSE:VLO) by 20.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,268 shares of the oil and gas company’s stock after selling 5,873 shares during the quarter. Entropy Technologies LP’s holdings in Valero Energy were worth $3,128,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in VLO. Hancock Whitney Corp increased its holdings in Valero Energy by 8.9% during the 1st 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 in 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 in the first quarter valued at approximately $766,000. FORA Capital LLC purchased a new position in shares of Valero Energy during the 1st quarter worth approximately $866,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Valero Energy by 11.2% during the 1st 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 purchasing an additional 56,274 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. raised its position in shares of Valero Energy by 8.5% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 30,152 shares of the oil and gas company’s stock worth $4,053,000 after purchasing an additional 2,372 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Mizuho raised their price target on Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. TD Cowen lifted their price objective on Valero Energy from $162.00 to $165.00 and gave the stock a “hold” rating in a research report on Friday, October 24th. Morgan Stanley downgraded shares of Valero Energy from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $160.00 to $175.00 in a research note on Friday, October 3rd. Barclays raised their price target on shares of Valero Energy from $169.00 to $184.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Valero Energy from $177.00 to $197.00 and gave the company an “overweight” rating in a research report on Friday, October 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $182.00.

Valero Energy Price Performance

VLO opened at $173.46 on Friday. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $185.62. The company’s 50 day simple moving average is $168.69 and its 200 day simple moving average is $149.49. The stock has a market capitalization of $52.91 billion, a PE ratio of 36.21, a P/E/G ratio of 1.77 and a beta of 1.01. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.60.

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

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, November 20th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 20th. Valero Energy’s dividend payout ratio (DPR) is 94.36%.

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.