Valero Energy Corporation $VLO Shares Acquired by NewSquare Capital LLC

NewSquare Capital LLC raised its holdings in Valero Energy Corporation (NYSE:VLO) by 4.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,757 shares of the oil and gas company’s stock after acquiring an additional 1,567 shares during the period. NewSquare Capital LLC’s holdings in Valero Energy were worth $5,014,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Huntington National Bank raised its holdings in Valero Energy by 1.4% in the 2nd quarter. Huntington National Bank now owns 802,329 shares of the oil and gas company’s stock valued at $107,849,000 after acquiring an additional 11,032 shares during the last quarter. Freestone Capital Holdings LLC acquired a new stake in Valero Energy in the 2nd quarter valued at about $308,000. Bank of Montreal Can raised its holdings in Valero Energy by 1.7% in the 2nd quarter. Bank of Montreal Can now owns 506,432 shares of the oil and gas company’s stock valued at $68,075,000 after acquiring an additional 8,368 shares during the last quarter. Intellectus Partners LLC raised its holdings in Valero Energy by 7.6% in the 2nd quarter. Intellectus Partners LLC now owns 11,649 shares of the oil and gas company’s stock valued at $1,566,000 after acquiring an additional 823 shares during the last quarter. Finally, Versor Investments LP acquired a new stake in Valero Energy in the 2nd quarter valued at about $340,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Performance

Shares of VLO stock opened at $171.63 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.60 and a debt-to-equity ratio of 0.36. Valero Energy Corporation has a 52 week low of $99.00 and a 52 week high of $178.43. The stock has a market capitalization of $53.32 billion, a PE ratio of 35.83, a P/E/G ratio of 1.77 and a beta of 1.05. The firm has a 50 day moving average of $162.55 and a two-hundred day moving average of $143.84.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, beating the consensus estimate of $3.15 by $0.51. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. The company had revenue of $32.17 billion during the quarter, compared to analysts’ expectations of $28.80 billion. During the same quarter last year, the company posted $1.14 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. On average, research analysts predict that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, November 20th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.6%. The ex-dividend date is Thursday, November 20th. Valero Energy’s dividend payout ratio (DPR) is currently 94.36%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VLO. Mizuho raised their price target on shares of Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a research report on Wednesday, October 8th. Piper Sandler increased their price objective on shares of Valero Energy from $200.00 to $201.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Wolfe Research cut shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Finally, TD Cowen increased their price objective on shares of Valero Energy from $162.00 to $165.00 and gave the stock a “hold” rating in a research 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.