Valero Energy Co. (NYSE:VLO) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in Valero Energy Co. (NYSE:VLO) by 52.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,327 shares of the oil and gas company’s stock after purchasing an additional 34,658 shares during the quarter. Intech Investment Management LLC’s holdings in Valero Energy were worth $15,727,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in VLO. Collective Family Office LLC increased its stake in Valero Energy by 1.5% during the 1st quarter. Collective Family Office LLC now owns 4,040 shares of the oil and gas company’s stock worth $690,000 after buying an additional 58 shares during the period. Versant Capital Management Inc increased its position in shares of Valero Energy by 4.7% in 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 position in shares of Valero Energy by 3.4% in the 2nd quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock worth $309,000 after purchasing an additional 65 shares during the last quarter. Aua Capital Management LLC increased its position in shares of Valero Energy by 3.1% in the 1st quarter. Aua Capital Management LLC now owns 2,261 shares of the oil and gas company’s stock worth $386,000 after purchasing an additional 67 shares during the last quarter. Finally, OmniStar Financial Group Inc. increased its position in shares of Valero Energy by 1.6% in the 2nd quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock worth $712,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on VLO shares. JPMorgan Chase & Co. dropped their target price on shares of Valero Energy from $178.00 to $172.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Scotiabank boosted their target price on shares of Valero Energy from $165.00 to $173.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 12th. The Goldman Sachs Group lowered their price objective on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research report on Monday. Piper Sandler lowered their price objective on shares of Valero Energy from $187.00 to $169.00 and set an “overweight” rating for the company in a research report on Friday, June 14th. Finally, Barclays lowered their price objective on shares of Valero Energy from $171.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $171.36.

Valero Energy Trading Up 1.5 %

Shares of VLO stock opened at $138.67 on Friday. Valero Energy Co. has a 52-week low of $119.88 and a 52-week high of $184.79. The stock has a market cap of $44.43 billion, a price-to-earnings ratio of 6.87, a P/E/G ratio of 2.72 and a beta of 1.40. 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 firm has a fifty day moving average of $145.69 and a 200-day moving average of $155.13.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $32.97 billion. During the same period in the previous year, the firm posted $5.40 earnings per share. The company’s revenue was down .1% on a year-over-year basis. On average, equities research analysts forecast that Valero Energy Co. will post 12.3 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st were issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date was Thursday, August 1st. Valero Energy’s dividend payout ratio is currently 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.