One Way Holdings LLC Makes New Investment in Valero Energy Corporation $VLO

One Way Holdings LLC acquired a new position in Valero Energy Corporation (NYSE:VLO) in the third quarter, Holdings Channel.com reports. The fund acquired 27,511 shares of the oil and gas company’s stock, valued at approximately $10,664,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VLO. Balance Wealth Partners LLC acquired a new stake in Valero Energy in the third quarter worth about $32,000. Latitude Advisors LLC purchased a new position in Valero Energy in the third quarter valued at $34,000. Cornerstone Financial Management LLC increased its stake in shares of Valero Energy by 57.6% in the 2nd quarter. Cornerstone Financial Management LLC now owns 104 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 38 shares in the last quarter. Mascoma Wealth Management LLC increased its position in shares of Valero Energy by 1,980.0% in the third quarter. Mascoma Wealth Management LLC now owns 104 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 99 shares in the last quarter. Finally, Whipplewood Advisors LLC lifted its holdings in Valero Energy by 3,400.0% during the first quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 102 shares in the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on VLO shares. Mizuho increased their price target on shares of Valero Energy from $300.00 to $434.00 and gave the company a “neutral” rating in a research note on Thursday, October 8th. Erste Group Bank downgraded Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, August 27th. Citigroup increased their target price on Valero Energy from $485.00 to $490.00 and gave the company a “neutral” rating in a report on Friday, October 23rd. Morgan Stanley boosted their target price on shares of Valero Energy from $255.00 to $411.00 and gave the company an “equal weight” rating in a research note on Monday, September 14th. Finally, Zacks Research upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and a consensus target price of $379.94.

Valero Energy Price Performance

VLO stock opened at $400.04 on Monday. The firm has a market cap of $115.18 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 0.21 and a beta of 0.58. Valero Energy Corporation has a 1 year low of $159.90 and a 1 year high of $461.52. The stock has a 50-day simple moving average of $397.64 and a 200-day simple moving average of $285.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.33 and a current ratio of 1.72.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share for the quarter, beating the consensus estimate of $21.17 by $2.73. The business had revenue of $46.10 billion during the quarter, compared to the consensus estimate of $42.71 billion. Valero Energy had a net margin of 8.44% and a return on equity of 45.90%. The business’s quarterly revenue was up 43.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.66 earnings per share. On average, equities analysts predict that Valero Energy Corporation will post 57.42 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Tuesday, November 24th will be given a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, November 24th. This represents a $4.80 annualized dividend and a dividend yield of 1.2%. Valero Energy’s payout ratio is presently 10.80%.

Valero Energy Company Profile

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company’s primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.

Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.

In addition to conventional refining, Valero has businesses focused on renewable fuels.