Mathes Company Inc. Raises Stock Position in Valero Energy Co. (NYSE:VLO)

Mathes Company Inc. boosted its position in shares of Valero Energy Co. (NYSE:VLO) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,245 shares of the oil and gas company’s stock after acquiring an additional 275 shares during the period. Valero Energy accounts for 1.3% of Mathes Company Inc.’s holdings, making the stock its 25th biggest position. Mathes Company Inc.’s holdings in Valero Energy were worth $3,644,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of VLO. Collective Family Office LLC raised its position in shares of Valero Energy by 1.5% in the 1st quarter. Collective Family Office LLC now owns 4,040 shares of the oil and gas company’s stock valued at $690,000 after purchasing an additional 58 shares during the last quarter. Versant Capital Management Inc grew its position in Valero Energy by 4.7% during the 1st quarter. Versant Capital Management Inc now owns 1,327 shares of the oil and gas company’s stock worth $227,000 after purchasing an additional 59 shares during the last quarter. International Private Wealth Advisors LLC increased its stake in Valero Energy by 3.4% during the 2nd quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock valued at $309,000 after purchasing an additional 65 shares in the last quarter. Aua Capital Management LLC raised its holdings in shares of Valero Energy by 3.1% in the first quarter. Aua Capital Management LLC now owns 2,261 shares of the oil and gas company’s stock worth $386,000 after buying an additional 67 shares during the last quarter. Finally, OmniStar Financial Group Inc. lifted its stake in shares of Valero Energy by 1.6% during the second quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock worth $712,000 after buying an additional 70 shares during the period. 78.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VLO has been the topic of several research reports. Wells Fargo & Company upped their target price on Valero Energy from $165.00 to $172.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 3rd. StockNews.com lowered Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. decreased their target price on Valero Energy from $178.00 to $172.00 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. Piper Sandler cut their price target on shares of Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. Finally, Mizuho decreased their price objective on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $171.36.

Valero Energy Price Performance

Shares of Valero Energy stock opened at $136.76 on Thursday. The firm has a market cap of $43.82 billion, a PE ratio of 6.77, a P/E/G ratio of 2.72 and a beta of 1.40. The business has a 50-day moving average price of $145.85 and a 200 day moving average price of $155.24. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34. Valero Energy Co. has a twelve month low of $119.88 and a twelve month high of $184.79.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.60 by $0.11. The firm had revenue of $34.49 billion for the quarter, compared to analyst estimates of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $5.40 EPS. Sell-side analysts predict that Valero Energy Co. will post 12.3 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Thursday, August 1st. Valero Energy’s dividend payout ratio is presently 21.20%.

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.