Keudell Morrison Wealth Management Makes New $640,000 Investment in Valero Energy Corporation $VLO

Keudell Morrison Wealth Management acquired a new position in shares of Valero Energy Corporation (NYSE:VLOFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,930 shares of the oil and gas company’s stock, valued at approximately $640,000.

A number of other institutional investors have also recently bought and sold shares of VLO. JPL Wealth Management LLC purchased a new stake in shares of Valero Energy during the 3rd quarter worth about $27,000. Torren Management LLC purchased a new stake in shares of Valero Energy during the 4th quarter worth about $30,000. Cypress Capital Management LLC WY purchased a new stake in shares of Valero Energy during the 3rd quarter worth about $34,000. Triumph Capital Management purchased a new stake in shares of Valero Energy during the 3rd quarter worth about $35,000. Finally, Physician Wealth Advisors Inc. raised its stake in shares of Valero Energy by 145.3% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 211 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 125 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on VLO shares. Barclays raised their price target on Valero Energy from $184.00 to $261.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. The Goldman Sachs Group raised their price target on Valero Energy from $203.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Raymond James Financial raised their price target on Valero Energy from $215.00 to $290.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, March 25th. TD Cowen raised their price target on Valero Energy from $255.00 to $276.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Finally, Piper Sandler raised their price objective on Valero Energy from $236.00 to $263.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and an average price target of $237.94.

Read Our Latest Research Report on Valero Energy

Insider Buying and Selling

In other Valero Energy news, SVP Eric A. Fisher sold 8,311 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $227.69, for a total value of $1,892,331.59. Following the transaction, the senior vice president owned 42,242 shares of the company’s stock, valued at approximately $9,618,080.98. The trade was a 16.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Valero Energy Stock Performance

VLO opened at $240.91 on Friday. The firm has a market capitalization of $71.53 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 0.37 and a beta of 0.58. The stock’s 50 day moving average price is $241.58 and its two-hundred day moving average price is $204.24. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a 12-month low of $125.10 and a 12-month high of $263.75.

Valero Energy (NYSE:VLOGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share for the quarter, topping the consensus estimate of $3.16 by $1.06. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The company had revenue of $32.38 billion for the quarter, compared to analyst estimates of $31.38 billion. During the same quarter last year, the firm earned $0.89 EPS. Valero Energy’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts forecast that Valero Energy Corporation will post 26.51 earnings per share for the current year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, May 21st will be paid a $1.20 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. Valero Energy’s payout ratio is currently 34.88%.

Key Headlines Impacting Valero Energy

Here are the key news stories impacting Valero Energy this week:

Valero Energy Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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