Intellectus Partners LLC Buys 823 Shares of Valero Energy Corporation $VLO

Intellectus Partners LLC raised its stake in Valero Energy Corporation (NYSE:VLO) by 7.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,649 shares of the oil and gas company’s stock after purchasing an additional 823 shares during the period. Intellectus Partners LLC’s holdings in Valero Energy were worth $1,566,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new stake in Valero Energy in the first quarter valued at $26,000. Hoey Investments Inc. bought a new stake in Valero Energy in the second quarter valued at $26,000. GFG Capital LLC bought a new stake in Valero Energy in the second quarter valued at $27,000. Hazlett Burt & Watson Inc. increased its stake in Valero Energy by 156.6% in the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 130 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in Valero Energy by 1,277.8% in the second quarter. Hantz Financial Services Inc. now owns 248 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 230 shares in the last quarter. 78.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on VLO shares. Raymond James Financial reissued a “strong-buy” rating and set a $195.00 target price (up from $181.00) on shares of Valero Energy in a research report on Friday, October 24th. Evercore ISI boosted their target price on shares of Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a research report on Friday, September 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Valero Energy in a research report on Wednesday, October 8th. Morgan Stanley downgraded shares of Valero Energy from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $160.00 to $175.00 in a research report on Friday, October 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Valero Energy from $177.00 to $197.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $179.27.

Valero Energy Stock Down 0.3%

Valero Energy stock opened at $169.66 on Monday. Valero Energy Corporation has a fifty-two week low of $99.00 and a fifty-two week high of $178.43. The stock has a market cap of $52.71 billion, a PE ratio of 35.42, a price-to-earnings-growth ratio of 1.77 and a beta of 1.05. The firm’s 50-day simple moving average is $162.06 and its 200 day simple moving average is $143.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.60.

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

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, November 20th will be issued a dividend of $1.13 per share. The ex-dividend date is Thursday, November 20th. This represents a $4.52 annualized dividend and a yield of 2.7%. Valero Energy’s payout ratio is 94.36%.

Valero Energy Profile

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.