Valero Energy Co. (NYSE:VLO) Shares Bought by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. grew its stake in shares of Valero Energy Co. (NYSE:VLO) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,960 shares of the oil and gas company’s stock after acquiring an additional 100 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Valero Energy were worth $1,091,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in Valero Energy by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock worth $677,007,000 after purchasing an additional 237,347 shares during the last quarter. Putnam Investments LLC raised its stake in shares of Valero Energy by 3.7% during the 4th quarter. Putnam Investments LLC now owns 3,445,821 shares of the oil and gas company’s stock worth $447,957,000 after buying an additional 122,207 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Valero Energy by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,063,923 shares of the oil and gas company’s stock valued at $352,292,000 after acquiring an additional 65,632 shares during the last quarter. Acadian Asset Management LLC grew its stake in Valero Energy by 37.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,558,750 shares of the oil and gas company’s stock valued at $266,040,000 after acquiring an additional 426,093 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Valero Energy by 3.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,548,476 shares of the oil and gas company’s stock valued at $264,309,000 after acquiring an additional 53,789 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Analysts Set New Price Targets

VLO has been the topic of several research reports. Mizuho lowered their price target on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research report on Monday. Wolfe Research began coverage on Valero Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $177.00 target price on the stock. Barclays cut their price target on Valero Energy from $171.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. StockNews.com cut Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Piper Sandler reduced their target price on shares of Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $171.36.

Valero Energy Stock Up 1.6 %

Shares of NYSE VLO opened at $135.85 on Wednesday. The stock has a market capitalization of $43.52 billion, a PE ratio of 6.73, a P/E/G ratio of 2.72 and a beta of 1.40. 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 moving average of $146.01 and a 200-day moving average of $155.37. Valero Energy Co. has a 52-week low of $119.88 and a 52-week high of $184.79.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.60 by $0.11. The firm had revenue of $34.49 billion during the quarter, compared to the consensus estimate of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.40 earnings per share. On average, analysts anticipate that Valero Energy Co. will post 12.3 EPS for the current year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st were issued a $1.07 dividend. The ex-dividend date was Thursday, August 1st. This represents a $4.28 annualized dividend and a yield of 3.15%. Valero Energy’s payout ratio is 21.20%.

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.