Vise Technologies Inc. Invests $675,000 in Valero Energy Corporation $VLO

Vise Technologies Inc. purchased a new position in shares of Valero Energy Corporation (NYSE:VLO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,024 shares of the oil and gas company’s stock, valued at approximately $675,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Hoey Investments Inc. purchased a new position in Valero Energy in the 2nd quarter worth approximately $26,000. GFG Capital LLC purchased a new stake in shares of Valero Energy in the 2nd quarter valued at approximately $27,000. Hazlett Burt & Watson Inc. increased its holdings in shares of Valero Energy by 156.6% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock worth $28,000 after buying an additional 130 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Valero Energy by 1,277.8% in the second quarter. Hantz Financial Services Inc. now owns 248 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 230 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new stake in Valero Energy during the first quarter worth $43,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Stock Performance

NYSE:VLO opened at $175.68 on Friday. The firm has a market cap of $53.58 billion, a price-to-earnings ratio of 36.68, a price-to-earnings-growth ratio of 1.77 and a beta of 1.01. The firm’s fifty day moving average price is $166.25 and its 200 day moving average price is $146.91. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $182.99.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.51. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The business had revenue of $32.17 billion during the quarter, compared to the consensus estimate of $28.80 billion. During the same period in the previous year, the firm posted $1.14 earnings per share. The business’s revenue was down 2.2% on a year-over-year basis. On average, sell-side analysts expect that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, November 20th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, November 20th. Valero Energy’s payout ratio is currently 94.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Morgan Stanley cut shares of Valero Energy from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $160.00 to $175.00 in a research report on Friday, October 3rd. Mizuho raised their price target on Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Evercore ISI increased their target price on Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a research note on Friday, September 19th. Erste Group Bank started coverage on shares of Valero Energy in a research report on Monday. They set a “buy” rating on the stock. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $179.53.

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.