Valero Energy Corporation $VLO Shares Bought by Jacobi Capital Management LLC

Jacobi Capital Management LLC raised its position in Valero Energy Corporation (NYSE:VLO) by 4.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 15,876 shares of the oil and gas company’s stock after purchasing an additional 624 shares during the period. Jacobi Capital Management LLC’s holdings in Valero Energy were worth $2,097,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VLO. Price T Rowe Associates Inc. MD grew its holdings in Valero Energy by 276.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock valued at $1,425,754,000 after purchasing an additional 7,931,018 shares during the last quarter. Vanguard Group Inc. grew its holdings 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 valued at $5,135,043,000 after purchasing an additional 4,155,522 shares during the last quarter. Nuveen LLC acquired a new stake in Valero Energy in the first quarter valued at $529,864,000. GAMMA Investing LLC grew its holdings in Valero Energy by 15,395.5% in the first quarter. GAMMA Investing LLC now owns 1,355,699 shares of the oil and gas company’s stock valued at $179,047,000 after purchasing an additional 1,346,950 shares during the last quarter. Finally, Invesco Ltd. grew its holdings 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 last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Down 0.6%

VLO opened at $157.55 on Friday. The business’s fifty day simple moving average is $144.98 and its 200 day simple moving average is $132.71. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. Valero Energy Corporation has a 52 week low of $99.00 and a 52 week high of $163.02. The firm has a market cap of $48.94 billion, a P/E ratio of 65.65, a PEG ratio of 1.86 and a beta of 1.10.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.62. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $27 billion. During the same period last year, the company earned $2.71 EPS. The firm’s quarterly revenue was down 13.3% on a year-over-year basis. As a group, equities research analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, July 31st. Valero Energy’s dividend payout ratio (DPR) is presently 188.33%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on VLO shares. Evercore ISI started coverage on Valero Energy in a research note on Wednesday, June 18th. They issued an “in-line” rating and a $135.00 target price on the stock. Raymond James Financial increased their price objective on Valero Energy from $170.00 to $177.00 and gave the company a “strong-buy” rating in a research note on Tuesday. Piper Sandler increased their price objective on Valero Energy from $171.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday. Wolfe Research lowered Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Finally, Wells Fargo & Company increased their price objective on Valero Energy from $151.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.87.

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.