Fidelis Capital Partners LLC Has $1.53 Million Stake in Valero Energy Corporation $VLO

Fidelis Capital Partners LLC lowered its position in shares of Valero Energy Corporation (NYSE:VLO) by 6.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,478 shares of the oil and gas company’s stock after selling 838 shares during the period. Fidelis Capital Partners LLC’s holdings in Valero Energy were worth $1,532,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Valero Energy by 276.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock worth $1,425,754,000 after purchasing an additional 7,931,018 shares during the last quarter. Vanguard Group Inc. boosted its position in Valero Energy by 12.0% during the 1st quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock worth $5,135,043,000 after buying an additional 4,155,522 shares during the period. Nuveen LLC bought a new stake in Valero Energy during the 1st quarter worth approximately $529,864,000. Invesco Ltd. grew its holdings in Valero Energy by 34.1% during the 1st quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock worth $647,823,000 after acquiring an additional 1,247,196 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Valero Energy by 6.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock valued at $1,510,586,000 after acquiring an additional 736,533 shares during the period. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Trading Down 0.5%

Shares of VLO stock opened at $175.22 on Monday. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $179.10. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.60. The stock has a 50 day simple moving average of $164.33 and a two-hundred day simple moving average of $145.56. The company has a market cap of $53.44 billion, a P/E ratio of 36.58, a PEG ratio of 1.77 and a beta of 1.01.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.51. The firm had revenue of $32.17 billion for the quarter, compared to analysts’ expectations of $28.80 billion. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 EPS. Research analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, November 20th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $4.52 annualized dividend and a yield of 2.6%. Valero Energy’s dividend payout ratio is currently 94.36%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Mizuho lifted their price target on shares of Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. UBS Group reaffirmed a “buy” rating and set a $183.00 target price on shares of Valero Energy in a research report on Friday, October 24th. Evercore ISI lifted their target price on Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a report on Friday, September 19th. Wolfe Research cut Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Finally, Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $179.27.

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.