Fusion Capital LLC Boosts Stock Holdings in Valero Energy Corporation $VLO

Fusion Capital LLC raised its stake in Valero Energy Corporation (NYSE:VLO) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,908 shares of the oil and gas company’s stock after purchasing an additional 1,210 shares during the quarter. Valero Energy comprises approximately 2.1% of Fusion Capital LLC’s holdings, making the stock its 20th biggest holding. Fusion Capital LLC’s holdings in Valero Energy were worth $6,036,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in VLO. Hoey Investments Inc. purchased a new stake in Valero Energy during the second quarter valued at about $26,000. GFG Capital LLC purchased a new stake in shares of Valero Energy during the 2nd quarter worth about $27,000. Hazlett Burt & Watson Inc. increased its position in 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 purchasing an additional 130 shares in the last quarter. Hantz Financial Services Inc. raised 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 buying an additional 230 shares during the period. Finally, Hemington Wealth Management lifted its position in Valero Energy by 39.9% during the first quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 95 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Valero Energy Trading Up 3.3%

Shares of VLO opened at $181.63 on Friday. Valero Energy Corporation has a one year low of $99.00 and a one year high of $183.93. The stock has a 50-day moving average price of $166.75 and a 200 day moving average price of $147.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.60. The company has a market capitalization of $55.40 billion, a P/E ratio of 37.92, a P/E/G ratio of 1.77 and a beta of 1.01.

Valero Energy (NYSE:VLO) last posted 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. The company had revenue of $32.17 billion for the quarter, compared to the consensus estimate of $28.80 billion. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.Valero Energy’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 EPS. Sell-side analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

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 issued a $1.13 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $4.52 annualized dividend and a yield of 2.5%. Valero Energy’s dividend payout ratio is currently 94.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Valero Energy from $151.00 to $169.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. TD Cowen increased their price target on Valero Energy from $162.00 to $165.00 and gave the company a “hold” rating in a report on Friday, October 24th. Wall Street Zen lowered Valero Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Erste Group Bank assumed coverage on Valero Energy in a research note on Monday, November 10th. They set a “buy” rating on the stock. Finally, Wells Fargo & Company increased their target price on Valero Energy from $216.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.00.

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.