Valero Energy Corporation $VLO Shares Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS grew its position in Valero Energy Corporation (NYSE:VLO) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 226,561 shares of the oil and gas company’s stock after buying an additional 700 shares during the quarter. KLP Kapitalforvaltning AS owned 0.07% of Valero Energy worth $30,454,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Hoey Investments Inc. acquired a new stake in shares of Valero Energy in the second quarter valued at $26,000. Wayfinding Financial LLC acquired a new position in Valero Energy during the 1st quarter worth $26,000. Hazlett Burt & Watson Inc. grew its stake in 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 worth $28,000 after purchasing an additional 130 shares in the last quarter. Ransom Advisory Ltd acquired a new position in Valero Energy during the 1st quarter worth $43,000. Finally, Iron Horse Wealth Management LLC acquired a new position in Valero Energy during the 1st quarter worth $44,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VLO has been the subject of several analyst reports. Mizuho boosted their target price on Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Morgan Stanley cut 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 note on Friday, October 3rd. TD Cowen cut Valero Energy from a “buy” rating to a “hold” rating and boosted their target price for the stock from $118.00 to $140.00 in a research note on Tuesday, July 22nd. Raymond James Financial boosted their target price on Valero Energy from $170.00 to $177.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, September 9th. Finally, Wolfe Research cut Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $168.07.

Valero Energy Trading Down 0.2%

NYSE:VLO opened at $163.13 on Wednesday. The stock has a 50-day simple moving average of $151.99 and a 200-day simple moving average of $137.36. The stock has a market cap of $50.68 billion, a P/E ratio of 67.97, a P/E/G ratio of 1.73 and a beta of 1.05. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $178.43. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62.

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

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Thursday, July 31st. Valero Energy’s dividend payout ratio (DPR) is currently 188.33%.

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.