Dorsey & Whitney Trust CO LLC Boosts Stake in Valero Energy Corporation $VLO

Dorsey & Whitney Trust CO LLC raised its position in Valero Energy Corporation (NYSE:VLO) by 15.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,388 shares of the oil and gas company’s stock after purchasing an additional 317 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Valero Energy were worth $321,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of VLO. Price T Rowe Associates Inc. MD increased its position in Valero Energy by 276.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock worth $1,425,754,000 after purchasing an additional 7,931,018 shares in the last quarter. Vanguard Group Inc. grew its stake in Valero Energy by 12.0% during the first quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock worth $5,135,043,000 after buying an additional 4,155,522 shares during the period. Nuveen LLC acquired a new stake in shares of Valero Energy in the first quarter worth $529,864,000. Invesco Ltd. raised its stake in shares of Valero Energy by 34.1% in the 1st quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock valued at $647,823,000 after acquiring an additional 1,247,196 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Valero Energy by 16.7% during the 2nd quarter. Geode Capital Management LLC now owns 8,141,511 shares of the oil and gas company’s stock valued at $1,089,897,000 after acquiring an additional 1,164,217 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Price Performance

VLO stock opened at $180.23 on Thursday. 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 $185.62. The stock’s 50 day moving average is $168.09 and its two-hundred day moving average is $148.96. The company has a market capitalization of $54.97 billion, a PE ratio of 37.63, a P/E/G ratio of 1.77 and a beta of 1.01.

Valero Energy (NYSE:VLO) last released its 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. The company had revenue of $32.17 billion during the quarter, compared to analysts’ expectations of $28.80 billion. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The business’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 EPS. Analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, November 20th will be given a $1.13 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $4.52 annualized dividend and a dividend yield of 2.5%. Valero Energy’s payout ratio is presently 94.36%.

Analysts Set New Price Targets

Several analysts recently issued reports on VLO shares. Barclays increased their price target on Valero Energy from $169.00 to $184.00 and gave the company an “overweight” rating in a report on Monday. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and increased their target price for the company from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Wells Fargo & Company boosted their price target on Valero Energy from $216.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Piper Sandler upped their price target on Valero Energy from $201.00 to $223.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Finally, Jefferies Financial Group lifted their price objective on shares of Valero Energy from $181.00 to $194.00 and gave the company a “buy” rating in a research note on Friday, October 10th. 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.00.

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.