Fidelis Capital Partners LLC Has $1.65 Million Stock Position in Valero Energy Co. (NYSE:VLO)

Fidelis Capital Partners LLC raised its position in Valero Energy Co. (NYSE:VLO) by 31.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 11,139 shares of the oil and gas company’s stock after acquiring an additional 2,676 shares during the period. Fidelis Capital Partners LLC’s holdings in Valero Energy were worth $1,652,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC grew its holdings in shares of Valero Energy by 37.6% during the first quarter. Acadian Asset Management LLC now owns 1,558,750 shares of the oil and gas company’s stock valued at $266,040,000 after buying an additional 426,093 shares during the last quarter. Bank of Nova Scotia boosted its stake in Valero Energy by 721.4% during the 4th quarter. Bank of Nova Scotia now owns 337,911 shares of the oil and gas company’s stock valued at $43,927,000 after purchasing an additional 296,771 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Valero Energy by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock valued at $677,007,000 after purchasing an additional 237,347 shares during the last quarter. Westwood Holdings Group Inc. bought a new stake in Valero Energy during the 1st quarter worth approximately $39,517,000. Finally, Hsbc Holdings PLC raised its stake in shares of Valero Energy by 20.5% in the second quarter. Hsbc Holdings PLC now owns 1,145,117 shares of the oil and gas company’s stock worth $179,490,000 after purchasing an additional 194,974 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on VLO shares. Wells Fargo & Company lifted 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. Mizuho cut their price objective on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. StockNews.com downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. The Goldman Sachs Group cut their price target on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a report on Monday, September 16th. Finally, Piper Sandler lowered shares of Valero Energy from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $169.00 to $123.00 in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $168.07.

Valero Energy Stock Performance

NYSE:VLO opened at $134.46 on Friday. The company has a market capitalization of $43.97 billion, a P/E ratio of 6.66, a P/E/G ratio of 2.72 and a beta of 1.40. The business has a fifty day simple moving average of $145.42 and a two-hundred day simple moving average of $155.13. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04. Valero Energy Co. has a 1 year low of $119.88 and a 1 year high of $184.79.

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

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 1st were given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Thursday, August 1st. Valero Energy’s dividend payout ratio (DPR) 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.