Valero Energy Corporation $VLO Shares Bought by Bank of Montreal Can

Bank of Montreal Can grew its stake in shares of Valero Energy Corporation (NYSE:VLO) by 1.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 506,432 shares of the oil and gas company’s stock after purchasing an additional 8,368 shares during the quarter. Bank of Montreal Can owned approximately 0.16% of Valero Energy worth $68,075,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Broadway Wealth Solutions Inc. raised its position 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 purchasing an additional 69 shares during the last quarter. Park Place Capital Corp raised its position in Valero Energy by 21.8% in the 2nd quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock valued at $58,000 after purchasing an additional 75 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its position in Valero Energy by 1.4% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock valued at $732,000 after purchasing an additional 78 shares during the last quarter. Summit Financial LLC raised its position in Valero Energy by 4.6% in the 1st quarter. Summit Financial LLC now owns 1,812 shares of the oil and gas company’s stock valued at $239,000 after purchasing an additional 79 shares during 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 valued at $1,025,000 after buying an additional 81 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Trading Down 1.6%

Shares of VLO stock opened at $168.89 on Wednesday. The firm has a 50-day moving average price of $162.99 and a 200 day moving average price of $144.25. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43. The company has a market capitalization of $52.47 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 1.77 and a beta of 1.05. 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 (NYSE:VLO) last announced its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share 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 firm had revenue of $32.17 billion during the quarter, compared to the consensus estimate of $28.80 billion. During the same quarter in the previous year, the company posted $1.14 EPS. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. Research analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, November 20th will be paid 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 dividend yield of 2.7%. Valero Energy’s dividend payout ratio is currently 94.36%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VLO. Barclays boosted their price objective on shares of Valero Energy from $151.00 to $169.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Valero Energy in a research report on Wednesday, October 8th. Morgan Stanley lowered shares of Valero Energy from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $160.00 to $175.00 in a research report on Friday, October 3rd. Piper Sandler boosted 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. Finally, Wells Fargo & Company initiated coverage on shares of Valero Energy in a research report on Friday, October 17th. They issued an “overweight” rating and a $216.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and an average target price 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.