United Advisor Group LLC Buys New Shares in Valero Energy Corporation $VLO

United Advisor Group LLC purchased a new stake in shares of Valero Energy Corporation (NYSE:VLO) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,742 shares of the oil and gas company’s stock, valued at approximately $675,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Moore Capital Management LP purchased a new stake in Valero Energy during the second quarter worth about $13,193,000. QRG Capital Management Inc. raised its position in Valero Energy by 5.5% in the second quarter. QRG Capital Management Inc. now owns 58,558 shares of the oil and gas company’s stock worth $15,251,000 after acquiring an additional 3,037 shares during the period. Atlatl Advisers LLC bought a new stake in Valero Energy in the third quarter worth about $10,206,000. QP Wealth Management LLC purchased a new position in Valero Energy in the third quarter valued at about $1,423,000. Finally, Jennison Associates LLC boosted its stake in Valero Energy by 377.1% in the first quarter. Jennison Associates LLC now owns 413,437 shares of the oil and gas company’s stock valued at $102,152,000 after acquiring an additional 326,777 shares during the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VLO has been the subject of a number of research reports. Dbs Bank downgraded shares of Valero Energy to a “hold” rating and set a $436.00 target price for the company. in a research report on Monday, October 19th. Jefferies Financial Group lowered their price target on shares of Valero Energy from $401.00 to $394.00 and set a “hold” rating on the stock in a report on Thursday, October 8th. Wells Fargo & Company lifted their price target on shares of Valero Energy from $485.00 to $489.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Raymond James Financial upped their price objective on Valero Energy from $450.00 to $530.00 in a research note on Monday, October 19th. Finally, Piper Sandler increased their price objective on Valero Energy from $329.00 to $435.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $406.32.

Valero Energy Trading Down 0.0%

Shares of VLO opened at $346.29 on Monday. The business has a 50-day moving average of $399.61 and a 200 day moving average of $289.61. Valero Energy Corporation has a fifty-two week low of $159.90 and a fifty-two week high of $461.52. The firm has a market cap of $96.57 billion, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 0.18 and a beta of 0.58. 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 quarterly earnings data on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $21.17 by $2.73. The business had revenue of $46.10 billion for the quarter, compared to analysts’ expectations of $42.71 billion. Valero Energy had a return on equity of 45.90% and a net margin of 8.44%. The firm’s quarterly revenue was up 43.3% compared to the same quarter last year. During the same period in the previous year, the business posted $3.66 EPS. As a group, research analysts forecast that Valero Energy Corporation will post 57.83 EPS for the current year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Tuesday, November 24th will be paid a $1.20 dividend. The ex-dividend date is Tuesday, November 24th. This represents a $4.80 annualized dividend and a dividend yield of 1.4%. Valero Energy’s dividend payout ratio (DPR) is presently 10.80%.

About Valero Energy

Valero Energy Corporation is an international refiner and producer of transportation fuels and other petroleum products, headquartered in San Antonio, Texas. Its refining business processes crude oil and other feedstocks into products such as gasoline, diesel, jet fuel, asphalt and petrochemical feedstocks.

The company markets and distributes fuels to wholesale customers and through branded distribution networks. Its refining operations span the United States, Canada and the United Kingdom, with products serving customers in North America and other markets.

Valero also produces renewable fuels, including ethanol and renewable diesel.