Unison Advisors LLC Has $2.35 Million Stock Holdings in Valero Energy Co. (NYSE:VLO)

Unison Advisors LLC lifted its position in Valero Energy Co. (NYSE:VLO) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,014 shares of the oil and gas company’s stock after acquiring an additional 91 shares during the period. Unison Advisors LLC’s holdings in Valero Energy were worth $2,354,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Valero Energy in the 4th quarter valued at approximately $570,428,000. Putnam Investments LLC raised its position in shares of Valero Energy by 3.7% in the 4th quarter. Putnam Investments LLC now owns 3,445,821 shares of the oil and gas company’s stock valued at $447,957,000 after acquiring an additional 122,207 shares during the period. Montrusco Bolton Investments Inc. increased its stake in Valero Energy by 18.7% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 2,389,654 shares of the oil and gas company’s stock worth $310,655,000 after purchasing an additional 376,449 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Valero Energy by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,063,923 shares of the oil and gas company’s stock worth $352,292,000 after purchasing an additional 65,632 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Valero Energy by 37.6% during the 1st quarter. Acadian Asset Management LLC now owns 1,558,750 shares of the oil and gas company’s stock worth $266,040,000 after purchasing an additional 426,093 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VLO has been the subject of a number of research reports. Wolfe Research initiated coverage on Valero Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $177.00 target price for the company. Citigroup increased their target price on Valero Energy from $160.00 to $192.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Scotiabank increased their target price on Valero Energy from $165.00 to $173.00 and gave the stock a “sector outperform” rating in a research note on Friday, July 12th. StockNews.com downgraded Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, TD Cowen reduced their price target on Valero Energy from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $174.00.

Valero Energy Stock Down 0.3 %

Shares of Valero Energy stock traded down $0.53 on Friday, reaching $151.08. 1,568,123 shares of the company were exchanged, compared to its average volume of 3,042,393. Valero Energy Co. has a one year low of $119.88 and a one year high of $184.79. The company has a market capitalization of $49.40 billion, a price-to-earnings ratio of 7.48, a PEG ratio of 2.85 and a beta of 1.42. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average of $152.25 and a 200 day moving average of $154.94.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.60 by $0.11. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The company had revenue of $34.49 billion for the quarter, compared to analysts’ expectations of $32.97 billion. During the same quarter in the prior year, the business posted $5.40 EPS. The business’s revenue was down .1% compared to the same quarter last year. On average, equities research analysts forecast that Valero Energy Co. will post 13.06 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Thursday, August 1st. Valero Energy’s payout ratio is 21.20%.

Valero Energy 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.