United Advisor Group LLC Buys 1,742 Shares of Valero Energy Corporation $VLO

United Advisor Group LLC purchased a new position in Valero Energy Corporation (NYSE:VLO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,742 shares of the oil and gas company’s stock, valued at approximately $675,000.

Several other hedge funds also recently made changes to their positions in the stock. Bank of America Corp DE bought a new stake in shares of Valero Energy during the 2nd quarter valued at $1,195,943,000. Amundi boosted its stake in Valero Energy by 45.3% in the 1st quarter. Amundi now owns 2,584,976 shares of the oil and gas company’s stock worth $638,695,000 after purchasing an additional 806,018 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Valero Energy by 33.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,058,341 shares of the oil and gas company’s stock worth $536,074,000 after purchasing an additional 520,642 shares during the period. Corient Private Wealth LP bought a new position in Valero Energy in the 2nd quarter worth about $59,917,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Valero Energy by 18.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,842,339 shares of the oil and gas company’s stock valued at $702,285,000 after buying an additional 442,177 shares in the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Trading Down 0.0%

Shares of VLO stock opened at $346.29 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.33 and a current ratio of 1.72. Valero Energy Corporation has a 52-week low of $159.90 and a 52-week high of $461.52. The company has a market capitalization of $96.57 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 0.18 and a beta of 0.58. The business’s fifty day moving average is $399.61 and its 200 day moving average is $289.61.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $21.17 by $2.73. Valero Energy had a return on equity of 45.90% and a net margin of 8.44%. The company had revenue of $46.10 billion during the quarter, compared to analyst estimates of $42.71 billion. During the same quarter last year, the company earned $3.66 earnings per share. The firm’s quarterly revenue was up 43.3% on a year-over-year basis. On average, equities research analysts anticipate that Valero Energy Corporation will post 57.83 EPS for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Tuesday, November 24th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, November 24th. This represents a $4.80 annualized dividend and a dividend yield of 1.4%. Valero Energy’s dividend payout ratio (DPR) is presently 10.80%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VLO. Evercore decreased their price target on Valero Energy from $385.00 to $325.00 in a research report on Wednesday, October 28th. Mizuho raised their price objective on shares of Valero Energy from $434.00 to $436.00 and gave the company a “neutral” rating in a research report on Monday, November 2nd. JPMorgan Chase & Co. raised their price objective on shares of Valero Energy from $339.00 to $439.00 and gave the company an “overweight” rating in a research report on Thursday, October 8th. Citigroup boosted their price objective on shares of Valero Energy from $485.00 to $490.00 and gave the company a “neutral” rating in a research note on Friday, October 23rd. Finally, Raymond James Financial upped their target price on shares of Valero Energy from $450.00 to $530.00 in a report on Monday, October 19th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $406.32.

Valero Energy Profile

Valero Energy Corporation is an international refiner and producer of transportation fuels and other petroleum products, headquartered in San Antonio, Texas. Its refining business processes crude oil and other feedstocks into products such as gasoline, diesel, jet fuel, asphalt and petrochemical feedstocks.

The company markets and distributes fuels to wholesale customers and through branded distribution networks. Its refining operations span the United States, Canada and the United Kingdom, with products serving customers in North America and other markets.

Valero also produces renewable fuels, including ethanol and renewable diesel.