Lido Advisors LLC Acquires 54,228 Shares of Valero Energy Corporation $VLO

Lido Advisors LLC lifted its holdings in Valero Energy Corporation (NYSE:VLO) by 86.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 116,999 shares of the oil and gas company’s stock after buying an additional 54,228 shares during the period. Lido Advisors LLC’s holdings in Valero Energy were worth $19,920,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Highline Wealth Partners LLC grew its position in Valero Energy by 70.2% in the third quarter. Highline Wealth Partners LLC now owns 160 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 66 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in Valero Energy during the third quarter valued at approximately $27,000. Global Wealth Strategies & Associates bought a new stake in shares of Valero Energy in the 3rd quarter valued at approximately $34,000. Cypress Capital Management LLC WY purchased a new position in shares of Valero Energy in the 3rd quarter worth approximately $34,000. Finally, Physician Wealth Advisors Inc. boosted its holdings in shares of Valero Energy by 145.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 211 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 125 shares during the period. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Stock Performance

Shares of Valero Energy stock opened at $232.73 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.64 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average is $198.88 and its two-hundred day moving average is $178.59. Valero Energy Corporation has a 52 week low of $99.00 and a 52 week high of $240.27. The company has a market capitalization of $69.59 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 1.18 and a beta of 0.70.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, January 29th. The oil and gas company reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.55. The business had revenue of $30.37 billion during the quarter, compared to the consensus estimate of $28.20 billion. Valero Energy had a return on equity of 12.35% and a net margin of 1.91%.The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.64 earnings per share. As a group, analysts expect that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Thursday, February 5th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Thursday, February 5th. This is a positive change from Valero Energy’s previous quarterly dividend of $1.13. Valero Energy’s dividend payout ratio (DPR) is 62.83%.

Insider Transactions at Valero Energy

In other Valero Energy news, SVP Eric A. Fisher sold 400 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $238.60, for a total value of $95,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on VLO. Mizuho restated a “neutral” rating and set a $192.00 price target (up from $190.00) on shares of Valero Energy in a report on Friday, December 12th. Bank of America reaffirmed a “neutral” rating and set a $195.00 price objective (down from $198.00) on shares of Valero Energy in a research note on Thursday, December 11th. UBS Group reissued a “buy” rating on shares of Valero Energy in a research note on Tuesday, January 6th. Weiss Ratings restated a “hold (c)” rating on shares of Valero Energy in a report on Wednesday, January 21st. Finally, Citigroup lifted their price target on shares of Valero Energy from $190.00 to $212.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $193.20.

Valero Energy Company Profile

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.