Fidelis Capital Partners LLC Boosts Holdings in Valero Energy Co. (NYSE:VLO)

Fidelis Capital Partners LLC grew its position in shares of Valero Energy Co. (NYSE:VLO) by 31.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,139 shares of the oil and gas company’s stock after purchasing an additional 2,676 shares during the period. Fidelis Capital Partners LLC’s holdings in Valero Energy were worth $1,652,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. MGO One Seven LLC increased 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 during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Valero Energy in the second quarter worth approximately $15,945,000. CIBC Private Wealth Group LLC raised its stake in Valero Energy by 62.2% in 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. Bollard Group LLC lifted its position in Valero Energy by 0.8% during the fourth quarter. Bollard Group LLC now owns 58,968 shares of the oil and gas company’s stock valued at $7,666,000 after purchasing an additional 440 shares during the last quarter. Finally, Annex Advisory Services LLC grew its stake in Valero Energy by 12.7% in the 4th quarter. Annex Advisory Services LLC now owns 56,167 shares of the oil and gas company’s stock worth $7,302,000 after buying an additional 6,332 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on VLO. Barclays lowered their price objective on shares of Valero Energy from $171.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. JPMorgan Chase & Co. dropped their price target on Valero Energy from $178.00 to $172.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. The Goldman Sachs Group reduced their price objective on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research report on Monday, September 16th. Wells Fargo & Company boosted their target price on Valero Energy from $165.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 3rd. Finally, Piper Sandler cut shares of Valero Energy from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $169.00 to $123.00 in a research report on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Valero Energy has an average rating of “Moderate Buy” and an average price target of $168.07.

Valero Energy Trading Down 3.0 %

Shares of VLO opened at $134.46 on Friday. The stock has a market capitalization of $43.97 billion, a P/E ratio of 6.66, a PEG ratio of 2.72 and a beta of 1.40. Valero Energy Co. has a twelve month low of $119.88 and a twelve month high of $184.79. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $145.42 and a two-hundred day simple moving average of $155.13.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share 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 net margin of 4.25% and a return on equity of 21.01%. Valero Energy’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $5.40 earnings per share. On average, research analysts anticipate that Valero Energy Co. will post 12.3 EPS for the current year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.18%. Valero Energy’s dividend payout ratio is presently 21.20%.

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.