Sienna Gestion Acquires 6,894 Shares of Valero Energy Corporation $VLO

Sienna Gestion grew its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 11.0% in the second quarter, HoldingsChannel reports. The fund owned 69,350 shares of the oil and gas company’s stock after purchasing an additional 6,894 shares during the quarter. Sienna Gestion’s holdings in Valero Energy were worth $8,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Broadway Wealth Solutions Inc. lifted its stake in shares of Valero Energy by 3.8% during 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 buying an additional 69 shares in the last quarter. Park Place Capital Corp lifted its stake in shares of Valero Energy by 21.8% during the 2nd quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock valued at $58,000 after buying an additional 75 shares in the last quarter. Pinnacle Wealth Planning Services Inc. lifted its stake in shares of Valero Energy by 1.4% during 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 buying an additional 78 shares in the last quarter. Summit Financial LLC lifted its stake in shares of 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 lifted its stake in shares of Valero Energy by 1.1% during 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 in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

NYSE:VLO opened at $170.18 on Thursday. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36. The company’s 50-day moving average price is $163.37 and its 200-day moving average price is $144.43. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $178.43. The company has a market cap of $51.91 billion, a P/E ratio of 35.53, a P/E/G ratio of 1.77 and a beta of 1.01.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 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 company had revenue of $32.17 billion for the quarter, compared to the consensus estimate of $28.80 billion. During the same period in the previous year, the firm earned $1.14 earnings per share. Valero Energy’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, sell-side analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders 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 yield of 2.7%. Valero Energy’s payout ratio is 94.36%.

Analyst Ratings Changes

A number of research firms recently weighed in on VLO. Wells Fargo & Company started coverage on shares of Valero Energy in a research note on Friday, October 17th. They set an “overweight” rating and a $216.00 target price on the stock. Wall Street Zen upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Wolfe Research cut shares of Valero Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Valero Energy from $177.00 to $197.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Valero Energy presently has an average rating of “Moderate Buy” and a consensus target price of $179.27.

About Valero Energy

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.