Regentatlantic Capital LLC Increases Holdings in Valero Energy Co. (NYSE:VLO)

Regentatlantic Capital LLC increased its stake in shares of Valero Energy Co. (NYSE:VLO) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,454 shares of the oil and gas company’s stock after purchasing an additional 788 shares during the period. Regentatlantic Capital LLC’s holdings in Valero Energy were worth $2,768,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. lifted its position in shares of Valero Energy by 5.7% during the second quarter. BlackRock Inc. now owns 37,668,654 shares of the oil and gas company’s stock worth $2,941,168,000 after purchasing an additional 2,035,454 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Valero Energy by 24.0% during the first quarter. Bank of New York Mellon Corp now owns 8,065,896 shares of the oil and gas company’s stock worth $577,518,000 after acquiring an additional 1,558,584 shares during the period. Geode Capital Management LLC raised its stake in Valero Energy by 3.0% during the first quarter. Geode Capital Management LLC now owns 5,992,178 shares of the oil and gas company’s stock worth $427,705,000 after acquiring an additional 173,888 shares during the period. Victory Capital Management Inc. raised its stake in Valero Energy by 7.3% during the second quarter. Victory Capital Management Inc. now owns 4,682,644 shares of the oil and gas company’s stock worth $365,620,000 after acquiring an additional 317,304 shares during the period. Finally, Morgan Stanley raised its stake in Valero Energy by 1.0% during the first quarter. Morgan Stanley now owns 4,561,517 shares of the oil and gas company’s stock worth $326,604,000 after acquiring an additional 45,107 shares during the period. Institutional investors own 76.92% of the company’s stock.

Valero Energy stock opened at $67.63 on Friday. The company has a 50 day moving average price of $65.09 and a 200 day moving average price of $72.50. Valero Energy Co. has a 52 week low of $35.44 and a 52 week high of $84.95. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.93 and a current ratio of 1.36. The firm has a market capitalization of $27.65 billion, a price-to-earnings ratio of -20.13, a P/E/G ratio of 57.32 and a beta of 2.15.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 29th. The oil and gas company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.33. Valero Energy had a negative net margin of 1.69% and a negative return on equity of 7.31%. The firm had revenue of $27.75 billion during the quarter, compared to analyst estimates of $22.66 billion. Equities analysts forecast that Valero Energy Co. will post 0.2 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 2nd. Shareholders of record on Thursday, August 5th were given a $0.98 dividend. The ex-dividend date of this dividend was Wednesday, August 4th. This represents a $3.92 dividend on an annualized basis and a yield of 5.80%. Valero Energy’s payout ratio is -125.64%.

Several equities research analysts recently weighed in on VLO shares. Barclays increased their price objective on shares of Valero Energy from $84.00 to $94.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 29th. dropped their price target on shares of Valero Energy from $121.00 to $119.00 and set a “buy” rating on the stock in a research note on Wednesday, June 9th. Citigroup dropped their price target on shares of Valero Energy from $101.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, August 26th. They noted that the move was a valuation call. Morgan Stanley initiated coverage on shares of Valero Energy in a research note on Tuesday, September 7th. They issued an “overweight” rating and a $80.00 price target on the stock. Finally, Piper Sandler dropped their price target on shares of Valero Energy from $81.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, September 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $83.71.

About Valero Energy

Valero Energy Corp. engages in the manufacture and marketing of transportation fuels and other petrochemical products. It operates through the following business segments: Refining, Ethanol and Renewable Diesel. The Refining segment comprises of refining operations, associated marketing activities, and logistics assets that support its refining operations.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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