Vise Technologies Inc. Takes $675,000 Position in Valero Energy Corporation $VLO

Vise Technologies Inc. purchased a new position in 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 purchased 5,024 shares of the oil and gas company’s stock, valued at approximately $675,000.

Other large investors have also made changes to their positions in the company. Broadway Wealth Solutions Inc. increased its holdings in Valero Energy by 3.8% in the 2nd quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock valued at $251,000 after acquiring an additional 69 shares during the last quarter. Park Place Capital Corp increased its holdings in shares of Valero Energy by 21.8% in the second quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock worth $58,000 after purchasing an additional 75 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in Valero Energy by 1.4% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock valued at $732,000 after buying an additional 78 shares during the last quarter. Summit Financial LLC grew its holdings in Valero Energy by 4.6% during the 1st quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock valued at $239,000 after buying an additional 79 shares in the last quarter. Finally, Keeley Teton Advisors LLC increased its stake in Valero Energy by 1.1% in the 1st quarter. Keeley Teton Advisors LLC now owns 7,764 shares of the oil and gas company’s stock worth $1,025,000 after acquiring an additional 81 shares during the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Trading Down 1.0%

Shares of NYSE:VLO opened at $175.68 on Friday. The company has a market capitalization of $53.58 billion, a PE ratio of 36.68, a P/E/G ratio of 1.77 and a beta of 1.01. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $182.99. The business’s fifty day simple moving average is $166.25 and its 200-day simple moving average is $146.91.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.51. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. The firm had revenue of $32.17 billion for the quarter, compared to the consensus estimate of $28.80 billion. During the same quarter in the previous year, the firm earned $1.14 EPS. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, equities research analysts predict 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 will be paid on Thursday, December 18th. Shareholders 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 yield of 2.6%. Valero Energy’s payout ratio is currently 94.36%.

Wall Street Analyst Weigh In

VLO has been the subject of a number of analyst reports. Evercore ISI increased their price target on shares of Valero Energy from $135.00 to $185.00 and gave the company an “in-line” rating in a report on Friday, September 19th. Wells Fargo & Company raised their price objective on Valero Energy from $216.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $152.00 to $179.00 in a report on Wednesday, September 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Valero Energy in a research report on Wednesday, October 8th. Finally, Morgan Stanley downgraded Valero Energy from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $160.00 to $175.00 in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.53.

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.