Waterway Wealth Management LLC Acquires Shares of 2,631 Valero Energy Corporation $VLO

Waterway Wealth Management LLC acquired a new stake in shares of Valero Energy Corporation (NYSE:VLO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,631 shares of the oil and gas company’s stock, valued at approximately $428,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VLO. Woodline Partners LP lifted its holdings in Valero Energy by 40.7% during the first quarter. Woodline Partners LP now owns 26,747 shares of the oil and gas company’s stock valued at $3,532,000 after purchasing an additional 7,735 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in Valero Energy by 13.0% during the second quarter. Sivia Capital Partners LLC now owns 1,929 shares of the oil and gas company’s stock valued at $259,000 after purchasing an additional 222 shares in the last quarter. Gamco Investors INC. ET AL purchased a new position in Valero Energy during the second quarter valued at $528,000. Sei Investments Co. lifted its stake in shares of Valero Energy by 11.3% in the second quarter. Sei Investments Co. now owns 269,043 shares of the oil and gas company’s stock worth $36,165,000 after buying an additional 27,291 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Valero Energy by 0.9% in the second quarter. Treasurer of the State of North Carolina now owns 145,810 shares of the oil and gas company’s stock worth $19,600,000 after buying an additional 1,338 shares in the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on VLO shares. Raymond James Financial raised their price target on shares of Valero Energy from $215.00 to $290.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, March 25th. Wells Fargo & Company raised their price target on shares of Valero Energy from $220.00 to $292.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. Wolfe Research reissued an “underperform” rating and issued a $203.00 price target on shares of Valero Energy in a research note on Tuesday, April 21st. Citigroup raised their price target on shares of Valero Energy from $246.00 to $259.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, Morgan Stanley raised their price target on shares of Valero Energy from $232.00 to $255.00 and gave the stock an “equal weight” rating in a research note on Friday, June 12th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $245.59.

Valero Energy Price Performance

Valero Energy stock opened at $244.49 on Wednesday. Valero Energy Corporation has a 12-month low of $130.78 and a 12-month high of $265.61. The stock has a market cap of $72.60 billion, a P/E ratio of 17.77, a PEG ratio of 0.35 and a beta of 0.55. The company has a 50-day moving average price of $245.58 and a 200 day moving average price of $213.82. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.39.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $1.06. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The firm had revenue of $32.38 billion during the quarter, compared to analysts’ expectations of $31.38 billion. During the same period last year, the business earned $0.89 earnings per share. Valero Energy’s revenue was up 7.0% compared to the same quarter last year. Sell-side analysts anticipate that Valero Energy Corporation will post 27.25 earnings per share for the current year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Thursday, May 21st will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, May 21st. Valero Energy’s dividend payout ratio (DPR) is presently 34.88%.

Valero Energy Profile

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.