Valero Energy Co. (NYSE:VLO) Shares Bought by AlTi Global Inc.

AlTi Global Inc. raised its position in Valero Energy Co. (NYSE:VLO) by 451.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 29,839 shares of the oil and gas company’s stock after acquiring an additional 24,425 shares during the period. AlTi Global Inc.’s holdings in Valero Energy were worth $4,678,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Caxton Associates LP acquired a new stake in shares of Valero Energy in the 2nd quarter worth $1,474,000. HITE Hedge Asset Management LLC lifted its stake in shares of Valero Energy by 59.1% in the second quarter. HITE Hedge Asset Management LLC now owns 31,818 shares of the oil and gas company’s stock valued at $4,988,000 after purchasing an additional 11,819 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Valero Energy by 54.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 63,112 shares of the oil and gas company’s stock valued at $9,893,000 after purchasing an additional 22,336 shares during the period. Sagefield Capital LP lifted its stake in shares of Valero Energy by 5.9% in the second quarter. Sagefield Capital LP now owns 107,404 shares of the oil and gas company’s stock valued at $16,837,000 after purchasing an additional 5,938 shares during the period. Finally, Xponance Inc. lifted its stake in shares of Valero Energy by 3.1% in the second quarter. Xponance Inc. now owns 67,807 shares of the oil and gas company’s stock valued at $10,629,000 after purchasing an additional 2,070 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Performance

Shares of NYSE VLO opened at $132.81 on Wednesday. The company has a market cap of $42.55 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 3.14 and a beta of 1.40. Valero Energy Co. has a 12 month low of $119.88 and a 12 month high of $184.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04. The company has a 50-day simple moving average of $144.82 and a 200-day simple moving average of $154.99.

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 business had revenue of $34.49 billion during the quarter, compared to the consensus estimate of $32.97 billion. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.40 earnings per share. On average, equities analysts anticipate that Valero Energy Co. will post 10.77 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st were given a $1.07 dividend. The ex-dividend date was Thursday, August 1st. This represents a $4.28 annualized dividend and a dividend yield of 3.22%. Valero Energy’s dividend payout ratio is presently 21.20%.

Analysts Set New Price Targets

Several analysts recently commented on VLO shares. The Goldman Sachs Group reduced their price objective on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research note on Monday, September 16th. Barclays reduced their price objective 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. Wolfe Research started coverage on shares of Valero Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price objective for the company. Wells Fargo & Company raised their target price on shares of Valero Energy from $165.00 to $172.00 and gave the company an “equal weight” rating in a report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Valero Energy from $178.00 to $172.00 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $168.07.

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.