Hanson & Doremus Investment Management lowered its stake in Valero Energy Co. (NYSE:VLO – Get Rating) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,345 shares of the oil and gas company's stock after selling 137 shares during the quarter. Hanson & Doremus Investment Management's holdings in Valero Energy were worth $1,843,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently modified their holdings of the company. Exane Derivatives bought a new stake in shares of Valero Energy during the 1st quarter valued at about $25,000. DB Wealth Management Group LLC bought a new stake in shares of Valero Energy during the 1st quarter valued at about $27,000. Bromfield Sneider Wealth Advisors bought a new stake in shares of Valero Energy during the 1st quarter valued at about $28,000. Riverview Trust Co bought a new stake in Valero Energy in the 1st quarter worth approximately $29,000. Finally, Quent Capital LLC lifted its position in Valero Energy by 164.9% in the 1st quarter. Quent Capital LLC now owns 355 shares of the oil and gas company's stock worth $36,000 after buying an additional 221 shares during the last quarter. Institutional investors own 79.78% of the company's stock.
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Valero Energy Price Performance
Shares of VLO stock opened at $97.89 on Tuesday. The stock has a market cap of $38.57 billion, a price-to-earnings ratio of 5.64, a PEG ratio of 0.61 and a beta of 1.68. The business's fifty day moving average is $111.57 and its 200 day moving average is $112.04. Valero Energy Co. has a twelve month low of $65.13 and a twelve month high of $146.80. The company has a quick ratio of 0.92, a current ratio of 1.25 and a debt-to-equity ratio of 0.52.
Valero Energy (NYSE:VLO – Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The oil and gas company reported $11.36 earnings per share for the quarter, topping the consensus estimate of $6.33 by $5.03. The company had revenue of $51.64 billion for the quarter, compared to analysts' expectations of $40.73 billion. Valero Energy had a return on equity of 34.65% and a net
margin of 4.54%. The firm's revenue for the quarter was up 86.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 earnings per share. Research analysts expect that Valero Energy Co. will post 27.64 EPS for the current fiscal year.
Valero Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 4th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 4.00%. The ex-dividend date was Wednesday, August 3rd. Valero Energy's dividend payout ratio (DPR) is 22.57%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the company. Cowen dropped their target price on Valero Energy to $127.00 in a research report on Tuesday, September 20th. Morgan Stanley lifted their price target on Valero Energy from $125.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, July 15th. Piper Sandler decreased their price target on Valero Energy from $150.00 to $148.00 and set an "overweight" rating on the stock in a research note on Monday, September 12th. Wells Fargo & Company lifted their price target on Valero Energy from $130.00 to $131.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 21st. Finally, Barclays lifted their price target on Valero Energy from $133.00 to $139.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 16th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $130.23.
Valero Energy Company Profile
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Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids.
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