7,644 Shares in Valero Energy Corporation $VLO Bought by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC acquired a new position in Valero Energy Corporation (NYSE:VLO) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,644 shares of the oil and gas company’s stock, valued at approximately $1,302,000.

A number of other large investors have also added to or reduced their stakes in VLO. Waddell & Associates LLC boosted its stake in shares of Valero Energy by 2.8% during the third quarter. Waddell & Associates LLC now owns 2,040 shares of the oil and gas company’s stock valued at $347,000 after purchasing an additional 56 shares in the last quarter. DSG Capital Advisors LLC raised its position in Valero Energy by 1.6% during the third quarter. DSG Capital Advisors LLC now owns 3,803 shares of the oil and gas company’s stock valued at $647,000 after acquiring an additional 60 shares in the last quarter. Cypress Capital Group lifted its stake in Valero Energy by 0.3% in the 3rd quarter. Cypress Capital Group now owns 18,786 shares of the oil and gas company’s stock valued at $3,199,000 after buying an additional 63 shares in the last quarter. Private Trust Co. NA increased its position in Valero Energy by 2.0% during the third quarter. Private Trust Co. NA now owns 3,381 shares of the oil and gas company’s stock worth $576,000 after purchasing an additional 65 shares during the last quarter. Finally, Highline Wealth Partners LLC increased its stake in Valero Energy by 70.2% during the third quarter. Highline Wealth Partners LLC now owns 160 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Price Performance

Shares of NYSE:VLO opened at $204.49 on Friday. The firm has a market capitalization of $62.37 billion, a P/E ratio of 26.77, a P/E/G ratio of 1.06 and a beta of 0.77. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. The company’s fifty day moving average price is $185.80 and its 200 day moving average price is $171.70. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $206.77.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, January 29th. The oil and gas company reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.27 by $0.55. Valero Energy had a net margin of 1.91% and a return on equity of 12.34%. The company’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. As a group, sell-side analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Thursday, February 5th will be given a $1.20 dividend. This is an increase from Valero Energy’s previous quarterly dividend of $1.13. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, February 5th. Valero Energy’s dividend payout ratio (DPR) is 62.83%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VLO. Wall Street Zen raised Valero Energy from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Morgan Stanley lifted their price objective on shares of Valero Energy from $175.00 to $180.00 and gave the company an “equal weight” rating in a report on Tuesday, January 27th. Erste Group Bank started coverage on shares of Valero Energy in a research note on Monday, November 10th. They set a “buy” rating on the stock. Wells Fargo & Company raised their price target on shares of Valero Energy from $216.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $187.67.

Valero Energy Profile

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.