nVerses Capital LLC Has $235,000 Stake in Valero Energy Co. (NYSE:VLO)

nVerses Capital LLC raised its position in shares of Valero Energy Co. (NYSE:VLO) by 1,400.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,500 shares of the oil and gas company’s stock after purchasing an additional 1,400 shares during the quarter. nVerses Capital LLC’s holdings in Valero Energy were worth $235,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. MGO One Seven LLC lifted its stake in Valero Energy by 198.8% in the 4th quarter. MGO One Seven LLC now owns 16,605 shares of the oil and gas company’s stock worth $2,159,000 after acquiring an additional 11,047 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in shares of Valero Energy by 214.4% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 14,475 shares of the oil and gas company’s stock worth $1,882,000 after purchasing an additional 9,871 shares during the period. Manning & Napier Advisors LLC acquired a new stake in shares of Valero Energy during the second quarter worth approximately $15,945,000. CIBC Private Wealth Group LLC grew its position in Valero Energy by 62.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 13,586 shares of the oil and gas company’s stock valued at $1,766,000 after purchasing an additional 5,209 shares in the last quarter. Finally, Bollard Group LLC increased its stake in Valero Energy by 0.8% in the 4th quarter. Bollard Group LLC now owns 58,968 shares of the oil and gas company’s stock valued at $7,666,000 after buying an additional 440 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Up 3.5 %

Valero Energy stock opened at $146.73 on Monday. Valero Energy Co. has a 52 week low of $119.88 and a 52 week high of $184.79. 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 capitalization of $47.01 billion, a PE ratio of 7.27, a PEG ratio of 2.85 and a beta of 1.40. The business’s 50-day simple moving average is $150.21 and its 200-day simple moving average is $155.71.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.60 by $0.11. The company had revenue of $34.49 billion during the quarter, compared to analyst estimates of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned $5.40 earnings per share. Equities research analysts forecast that Valero Energy Co. will post 12.86 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 1st will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $4.28 annualized dividend and a dividend yield of 2.92%. Valero Energy’s payout ratio is 21.20%.

Analyst Upgrades and Downgrades

VLO has been the topic of several research analyst reports. Wolfe Research began coverage on shares of Valero Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $177.00 price target on the stock. Mizuho raised Valero Energy from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $165.00 to $175.00 in a research report on Wednesday, July 17th. Wells Fargo & Company lifted their price target on Valero Energy from $156.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Piper Sandler dropped their price objective on Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. Finally, Barclays reduced their target price on shares of Valero Energy from $171.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $174.00.

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.