Daner Wealth Management LLC Buys Shares of 3,078 Valero Energy Corporation $VLO

Daner Wealth Management LLC purchased a new stake in Valero Energy Corporation (NYSE:VLO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,078 shares of the oil and gas company’s stock, valued at approximately $411,000.

A number of other hedge funds also recently made changes to their positions in the business. Citizens Financial Group Inc. RI boosted its position in Valero Energy by 2.2% during the 1st quarter. Citizens Financial Group Inc. RI now owns 3,798 shares of the oil and gas company’s stock worth $502,000 after acquiring an additional 82 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Valero Energy by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 560,495 shares of the oil and gas company’s stock valued at $74,025,000 after purchasing an additional 56,274 shares during the period. National Bank of Canada FI raised its stake in shares of Valero Energy by 42.8% during the first quarter. National Bank of Canada FI now owns 137,191 shares of the oil and gas company’s stock valued at $18,119,000 after purchasing an additional 41,116 shares in the last quarter. Savvy Advisors Inc. lifted its holdings in Valero Energy by 3.9% in the first quarter. Savvy Advisors Inc. now owns 2,863 shares of the oil and gas company’s stock worth $378,000 after purchasing an additional 107 shares during the period. Finally, Townsquare Capital LLC grew its position in Valero Energy by 7.9% in the 1st quarter. Townsquare Capital LLC now owns 26,561 shares of the oil and gas company’s stock valued at $3,508,000 after buying an additional 1,938 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Evercore ISI boosted their price target on shares of Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a research report on Friday, September 19th. Jefferies Financial Group boosted their target price on shares of Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Barclays raised their target price on shares of Valero Energy from $169.00 to $184.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $152.00 to $179.00 in a report on Wednesday, September 3rd. Finally, Morgan Stanley lowered Valero Energy from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $160.00 to $175.00 in a research note on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $182.00.

Insider Activity at Valero Energy

In other news, CFO Jason W. Fraser sold 9,933 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $174.02, for a total transaction of $1,728,540.66. Following the transaction, the chief financial officer owned 134,196 shares in the company, valued at $23,352,787.92. This represents a 6.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by company insiders.

Valero Energy Stock Performance

Shares of NYSE VLO opened at $174.68 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. Valero Energy Corporation has a one year low of $99.00 and a one year high of $185.62. The business’s 50-day moving average price is $170.53 and its two-hundred day moving average price is $152.94. The company has a market capitalization of $53.28 billion, a P/E ratio of 36.47, a price-to-earnings-growth ratio of 0.88 and a beta of 0.76.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.51. The business had revenue of $32.17 billion during the quarter, compared to analyst estimates of $28.80 billion. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The firm’s revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 EPS. Analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, November 20th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 20th. Valero Energy’s payout ratio is currently 94.36%.

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.