Profund Advisors LLC Reduces Stock Holdings in Valero Energy Corporation $VLO

Profund Advisors LLC cut its position in shares of Valero Energy Corporation (NYSE:VLO) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,538 shares of the oil and gas company’s stock after selling 758 shares during the period. Profund Advisors LLC’s holdings in Valero Energy were worth $1,685,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Valero Energy by 276.9% during the 1st 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 buying an additional 7,931,018 shares during the last quarter. Vanguard Group Inc. grew its position 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 worth $5,135,043,000 after acquiring an additional 4,155,522 shares during the period. Nuveen LLC acquired a new stake in Valero Energy during the first quarter worth $529,864,000. Invesco Ltd. raised its position 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 period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of 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 purchasing an additional 736,533 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Piper Sandler raised their price objective on Valero Energy from $200.00 to $201.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. JPMorgan Chase & Co. increased their target price on shares of Valero Energy from $177.00 to $197.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Wells Fargo & Company lifted 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. Wolfe Research lowered shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Finally, Morgan Stanley downgraded shares of Valero Energy from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $160.00 to $175.00 in a report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $179.53.

Valero Energy Stock Up 2.1%

Shares of VLO opened at $179.34 on Tuesday. The company’s 50-day simple moving average is $164.87 and its 200-day simple moving average is $146.02. 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 Corporation has a 1 year low of $99.00 and a 1 year high of $180.15. The stock has a market capitalization of $54.70 billion, a PE ratio of 37.44, a P/E/G ratio of 1.77 and a beta of 1.01.

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

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, November 20th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.5%. Valero Energy’s dividend payout ratio is currently 94.36%.

Valero Energy Company 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.