Integrity Alliance LLC. Buys New Shares in Valero Energy Corporation $VLO

Integrity Alliance LLC. bought a new stake in Valero Energy Corporation (NYSE:VLO) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,193 shares of the oil and gas company’s stock, valued at approximately $554,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Valero Energy by 12.0% in the first quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock valued at $5,135,043,000 after purchasing an additional 4,155,522 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Valero Energy by 6.9% in the first 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 purchasing an additional 736,533 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Valero Energy by 276.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock valued at $1,425,754,000 after purchasing an additional 7,931,018 shares during the last quarter. Invesco Ltd. increased its stake in Valero Energy by 34.1% in the first quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock valued at $647,823,000 after purchasing an additional 1,247,196 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Valero Energy in the first quarter valued at $529,864,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Stock Performance

Shares of NYSE:VLO opened at $156.78 on Friday. Valero Energy Corporation has a 12 month low of $99.00 and a 12 month high of $163.02. The business has a 50-day moving average of $145.24 and a two-hundred day moving average of $132.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. The firm has a market capitalization of $48.70 billion, a PE ratio of 65.33, a P/E/G ratio of 1.85 and a beta of 1.10.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.62. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The company had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $27 billion. During the same quarter in the prior year, the business earned $2.71 earnings per share. The company’s revenue was down 13.3% compared to the same quarter last year. As a group, research analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Thursday, July 31st were given a $1.13 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $4.52 annualized dividend and a dividend yield of 2.9%. Valero Energy’s dividend payout ratio is presently 188.33%.

Analysts Set New Price Targets

VLO has been the subject of several analyst reports. Citigroup lowered Valero Energy from a “buy” rating to a “neutral” rating and upped their target price for the company from $134.00 to $150.00 in a research note on Wednesday, July 16th. UBS Group upped their price target on Valero Energy from $164.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Raymond James Financial upped their price target on Valero Energy from $170.00 to $177.00 and gave the stock a “strong-buy” rating in a research note on Tuesday. Finally, TD Cowen lowered Valero Energy from a “buy” rating to a “hold” rating and upped their price target for the stock from $118.00 to $140.00 in a research note on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $158.87.

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.