Intech Investment Management LLC Lowers Stock Holdings in Valero Energy Corporation $VLO

by · The Cerbat Gem

Intech Investment Management LLC trimmed its stake in Valero Energy Corporation (NYSE:VLO – Free Report) by 10.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,340 shares of the oil and gas company’s stock after selling 5,937 shares during the quarter. Intech Investment Management LLC’s holdings in Valero Energy were worth $7,036,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hoey Investments Inc. bought a new position in Valero Energy in the 2nd quarter worth about $26,000. GFG Capital LLC purchased a new stake in Valero Energy during the 2nd quarter valued at $27,000. Hazlett Burt & Watson Inc. increased its holdings in shares of Valero Energy by 156.6% in 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 stake in shares of 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 worth $33,000 after purchasing an additional 230 shares during the last quarter. Finally, Hemington Wealth Management lifted its holdings in shares of 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 purchasing an additional 95 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Stock Up 3.3%

VLO stock opened at $181.63 on Monday. The business’s 50-day moving average price is $166.75 and its 200-day moving average price is $147.82. The stock has a market cap of $55.40 billion, a P/E ratio of 37.92, a PEG ratio of 1.77 and a beta of 1.01. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $183.93. 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 (NYSE:VLO – Get Free Report) last released 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. The company had revenue of $32.17 billion for the quarter, compared to analysts’ expectations of $28.80 billion. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.14 EPS. On average, equities research analysts forecast that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently disclosed 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. This represents a $4.52 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Thursday, November 20th. Valero Energy’s payout ratio is presently 94.36%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Erste Group Bank began coverage on Valero Energy in a research report on Monday, November 10th. They issued a “buy” rating for the company. UBS Group reaffirmed a “buy” rating and issued a $183.00 target price on shares of Valero Energy in a research report on Friday, October 24th. 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 report on Monday, November 10th. Piper Sandler raised their target price on Valero Energy from $201.00 to $223.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price objective 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. Two research 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $181.00.

Get Our Latest Analysis on VLO

Valero Energy Profile

(Free Report)

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.

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