United Capital Management of KS Inc. increased its holdings in Valero Energy Co. (NYSE:VLO – Free Report) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,232 shares of the oil and gas company’s stock after purchasing an additional 625 shares during the quarter. Valero Energy makes up 2.4% of United Capital Management of KS Inc.’s investment portfolio, making the stock its 14th biggest holding. United Capital Management of KS Inc.’s holdings in Valero Energy were worth $11,010,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Americana Partners LLC acquired a new stake in Valero Energy during the 2nd quarter valued at approximately $281,000. Pinnacle Associates Ltd. boosted its stake in shares of Valero Energy by 0.4% in the 2nd quarter. Pinnacle Associates Ltd. now owns 71,959 shares of the oil and gas company’s stock valued at $11,280,000 after purchasing an additional 267 shares during the last quarter. Forum Financial Management LP raised its stake in Valero Energy by 7.4% during the second quarter. Forum Financial Management LP now owns 6,208 shares of the oil and gas company’s stock worth $973,000 after buying an additional 426 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Valero Energy by 4.4% in the second quarter. International Assets Investment Management LLC now owns 9,426 shares of the oil and gas company’s stock valued at $1,478,000 after buying an additional 400 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Valero Energy by 2.1% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,771 shares of the oil and gas company’s stock valued at $6,078,000 after acquiring an additional 788 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.
Valero Energy Trading Up 3.5 %
NYSE:VLO opened at $146.73 on Friday. Valero Energy Co. has a 52 week low of $119.88 and a 52 week high of $184.79. The firm has a 50-day moving average price of $150.21 and a two-hundred day moving average price of $155.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48. The firm has a market cap of $47.01 billion, a price-to-earnings ratio of 7.27, a price-to-earnings-growth ratio of 2.85 and a beta of 1.42.
Valero Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Thursday, August 1st. Valero Energy’s dividend payout ratio (DPR) is currently 21.20%.
Analyst Upgrades and Downgrades
VLO has been the topic of a number of recent analyst reports. Wolfe Research assumed coverage on Valero Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price objective on the stock. Argus downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. Piper Sandler dropped their target price on shares of Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. Wells Fargo & Company raised their price target on shares of Valero Energy from $156.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. decreased their price objective on Valero Energy from $178.00 to $172.00 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Valero Energy has an average rating of “Moderate Buy” and an average target price of $174.00.
View Our Latest Report on Valero Energy
About Valero Energy
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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