Valero Energy Co. (NYSE:VLO) Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its position in shares of Valero Energy Co. (NYSE:VLO) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 236,782 shares of the oil and gas company’s stock after purchasing an additional 1,890 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.07% of Valero Energy worth $37,118,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in VLO. Nemes Rush Group LLC grew its holdings in shares of Valero Energy by 2.0% during the second quarter. Nemes Rush Group LLC now owns 13,185 shares of the oil and gas company’s stock worth $2,067,000 after buying an additional 253 shares during the last quarter. Magnolia Capital Advisors LLC purchased a new position in shares of Valero Energy during the second quarter worth about $3,275,000. Creative Planning grew its holdings in shares of Valero Energy by 10.7% during the second quarter. Creative Planning now owns 81,476 shares of the oil and gas company’s stock worth $12,772,000 after buying an additional 7,849 shares during the last quarter. Copperwynd Financial LLC grew its holdings in shares of Valero Energy by 3.2% during the second quarter. Copperwynd Financial LLC now owns 5,933 shares of the oil and gas company’s stock worth $959,000 after buying an additional 184 shares during the last quarter. Finally, Ascent Group LLC grew its holdings in shares of Valero Energy by 19.1% during the second quarter. Ascent Group LLC now owns 4,735 shares of the oil and gas company’s stock worth $742,000 after buying an additional 758 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on VLO shares. Piper Sandler lowered Valero Energy from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $169.00 to $123.00 in a report on Friday, September 20th. Mizuho lowered their price objective on Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. Wolfe Research assumed coverage on Valero Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price objective on the stock. The Goldman Sachs Group lowered their price objective on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a report on Monday, September 16th. Finally, Wells Fargo & Company lifted their price objective on Valero Energy from $165.00 to $172.00 and gave the company an “equal weight” rating in a report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $168.07.

Valero Energy Trading Down 0.7 %

Shares of VLO opened at $135.03 on Tuesday. The stock has a fifty day moving average of $143.73 and a two-hundred day moving average of $154.44. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48. The company has a market capitalization of $44.15 billion, a PE ratio of 6.69, a price-to-earnings-growth ratio of 3.31 and a beta of 1.40. Valero Energy Co. has a fifty-two week low of $119.88 and a fifty-two week high of $184.79.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.60 by $0.11. The company had revenue of $34.49 billion during the quarter, compared to the consensus estimate of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. Valero Energy’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $5.40 EPS. As a group, analysts forecast that Valero Energy Co. will post 10.26 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st were given a dividend of $1.07 per share. The ex-dividend date was Thursday, August 1st. This represents a $4.28 dividend on an annualized basis and a yield of 3.17%. Valero Energy’s dividend payout ratio (DPR) is 21.20%.

About Valero Energy

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.