Accel Wealth Management Acquires 343 Shares of Valero Energy Corporation $VLO

Accel Wealth Management increased its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 14.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,660 shares of the oil and gas company’s stock after acquiring an additional 343 shares during the period. Accel Wealth Management’s holdings in Valero Energy were worth $358,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of VLO. Price T Rowe Associates Inc. MD lifted its stake in shares of Valero Energy by 276.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock worth $1,425,754,000 after acquiring an additional 7,931,018 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Valero Energy by 12.0% during the 1st quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock worth $5,135,043,000 after acquiring an additional 4,155,522 shares during the last quarter. Nuveen LLC bought a new stake in Valero Energy during the 1st quarter valued at $529,864,000. Invesco Ltd. raised its position in Valero Energy by 34.1% during the 1st quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company’s stock valued at $647,823,000 after purchasing an additional 1,247,196 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Valero Energy by 6.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock valued at $1,510,586,000 after purchasing an additional 736,533 shares in the last quarter. 78.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Piper Sandler lifted their target price on Valero Energy from $171.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. Evercore ISI lifted their target price on Valero Energy from $135.00 to $185.00 and gave the company an “in-line” rating in a research report on Friday, September 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valero Energy in a research report on Saturday, September 27th. Citigroup lowered Valero Energy from a “buy” rating to a “neutral” rating and lifted their target price for the company from $134.00 to $150.00 in a research report on Wednesday, July 16th. Finally, TD Cowen lowered Valero Energy from a “buy” rating to a “hold” rating and lifted their target price for the company from $118.00 to $140.00 in a research report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $166.07.

Valero Energy Stock Down 2.6%

Shares of VLO stock opened at $160.37 on Monday. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $178.43. The stock’s fifty day moving average price is $151.24 and its 200 day moving average price is $136.96. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.62 and a quick ratio of 1.11. The company has a market cap of $49.82 billion, a price-to-earnings ratio of 66.82, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.62. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $27 billion. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The company’s revenue was down 13.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.71 earnings per share. On average, research analysts expect that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st were given a dividend of $1.13 per share. The ex-dividend date was Thursday, July 31st. This represents a $4.52 dividend on an annualized basis and a yield of 2.8%. Valero Energy’s dividend payout ratio is currently 188.33%.

Valero Energy Company Profile

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.