Daymark Wealth Partners LLC Has $1.01 Million Holdings in Valero Energy Corporation $VLO

Daymark Wealth Partners LLC lifted its stake in Valero Energy Corporation (NYSE:VLO) by 2.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,518 shares of the oil and gas company’s stock after buying an additional 148 shares during the period. Daymark Wealth Partners LLC’s holdings in Valero Energy were worth $1,011,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Hoey Investments Inc. acquired a new position in shares of Valero Energy in the 2nd quarter worth approximately $26,000. Wayfinding Financial LLC acquired a new stake in Valero Energy during the 1st quarter valued at $26,000. GFG Capital LLC acquired a new stake in Valero Energy during the 2nd quarter valued at $27,000. Hazlett Burt & Watson Inc. increased its holdings in Valero Energy by 156.6% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 130 shares in the last quarter. Finally, Ransom Advisory Ltd acquired a new stake in Valero Energy during the 1st quarter valued at $43,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VLO has been the subject of a number of recent analyst reports. Barclays raised their price target on Valero Energy from $151.00 to $169.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. JPMorgan Chase & Co. raised their price target on Valero Energy from $177.00 to $197.00 and gave the company an “overweight” rating in a report on Friday, October 24th. TD Cowen raised their price target on Valero Energy from $162.00 to $165.00 and gave the company a “hold” rating in a report on Friday, October 24th. Piper Sandler raised their price target on shares of Valero Energy from $200.00 to $201.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Finally, Wall Street Zen raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, October 25th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.27.

Valero Energy Stock Down 0.2%

NYSE VLO opened at $170.25 on Friday. The stock has a fifty day moving average of $161.57 and a 200-day moving average of $142.49. The stock has a market capitalization of $52.89 billion, a P/E ratio of 35.54, a price-to-earnings-growth ratio of 1.77 and a beta of 1.05. Valero Energy Corporation has a 52 week low of $99.00 and a 52 week high of $178.43. 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 released its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, beating the consensus estimate of $3.15 by $0.51. The company had revenue of $32.17 billion during 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 business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period last year, the firm earned $1.14 EPS. On average, equities research analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders 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 2.7%. The ex-dividend date is Thursday, November 20th. Valero Energy’s dividend payout ratio (DPR) is currently 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.