Simon Quick Advisors LLC Takes Position in Valero Energy Corporation $VLO

Simon Quick Advisors LLC acquired a new stake in shares of Valero Energy Corporation (NYSE:VLO) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,968 shares of the oil and gas company’s stock, valued at approximately $265,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hoey Investments Inc. acquired a new stake in shares of Valero Energy during the 2nd quarter valued at $26,000. Wayfinding Financial LLC acquired a new stake in shares of Valero Energy during the 1st quarter valued at $26,000. GFG Capital LLC acquired a new stake in shares of Valero Energy during the 2nd quarter valued at $27,000. Hazlett Burt & Watson Inc. lifted its position in shares of Valero Energy by 156.6% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 130 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of Valero Energy by 1,277.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 248 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 230 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Trading Up 1.2%

Valero Energy stock opened at $171.63 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. The company has a market capitalization of $53.32 billion, a price-to-earnings ratio of 35.83, a PEG ratio of 1.77 and a beta of 1.05. Valero Energy Corporation has a one year low of $99.00 and a one year high of $178.43. The company’s fifty day moving average price is $162.55 and its two-hundred day moving average price is $143.84.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, topping the consensus estimate of $3.15 by $0.51. The firm had revenue of $32.17 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 earnings per share. On average, analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, October 25th. Mizuho increased their price objective on Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Evercore ISI increased their price objective on Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a report on Friday, September 19th. UBS Group reiterated a “buy” rating and set a $183.00 price objective on shares of Valero Energy in a report on Friday, October 24th. Finally, TD Cowen increased their price objective on Valero Energy from $162.00 to $165.00 and gave the stock a “hold” rating in a report on Friday, October 24th. Three equities research 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $179.27.

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.