Valero Energy Corporation $VLO Shares Acquired by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. boosted its stake in Valero Energy Corporation (NYSE:VLO) by 516.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 764 shares of the oil and gas company’s stock after buying an additional 640 shares during the period. SOA Wealth Advisors LLC.’s holdings in Valero Energy were worth $103,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its stake in shares of 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 worth $1,425,754,000 after purchasing an additional 7,931,018 shares in the last quarter. Vanguard Group Inc. boosted its stake in Valero Energy by 12.0% during 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 buying an additional 4,155,522 shares in the last quarter. Nuveen LLC acquired a new position in shares of Valero Energy in the 1st quarter valued at $529,864,000. Invesco Ltd. boosted its position in shares of Valero Energy by 34.1% in the 1st 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. boosted its position 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 period. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Trading Down 1.9%

VLO stock opened at $164.57 on Friday. The company has a market cap of $51.12 billion, a P/E ratio of 68.57, a PEG ratio of 1.77 and a beta of 1.05. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. The business has a fifty day moving average of $150.88 and a 200-day moving average of $136.73.

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

Valero Energy Dividend Announcement

The firm also recently announced 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 2.7%. The ex-dividend date of this dividend was Thursday, July 31st. Valero Energy’s payout ratio is presently 188.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Valero Energy from $151.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Citigroup downgraded Valero Energy from a “buy” rating to a “neutral” rating and raised their price objective for the company from $134.00 to $150.00 in a research note on Wednesday, July 16th. Mizuho raised their price objective on Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Piper Sandler raised their target price on Valero Energy from $171.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, September 11th. Finally, Raymond James Financial lifted their price objective on Valero Energy from $170.00 to $177.00 and gave the stock a “strong-buy” rating in a report on Tuesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.00.

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.