10,373 Shares in Valero Energy Corporation $VLO Bought by Shorepoint Capital Partners LLC

Shorepoint Capital Partners LLC purchased a new stake in shares of Valero Energy Corporation (NYSE:VLO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,373 shares of the oil and gas company’s stock, valued at approximately $1,766,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Broadway Wealth Solutions Inc. increased its holdings in Valero Energy by 3.8% in the second quarter. Broadway Wealth Solutions Inc. now owns 1,864 shares of the oil and gas company’s stock worth $251,000 after purchasing an additional 69 shares in the last quarter. Financial Advisors Network Inc. grew its position in shares of Valero Energy by 1.6% during the 2nd quarter. Financial Advisors Network Inc. now owns 4,774 shares of the oil and gas company’s stock worth $642,000 after buying an additional 74 shares during the period. Park Place Capital Corp lifted its position in shares of Valero Energy by 21.8% during the 2nd quarter. Park Place Capital Corp now owns 419 shares of the oil and gas company’s stock valued at $58,000 after acquiring an additional 75 shares during the period. Generali Investments Management Co LLC boosted its stake in Valero Energy by 3.7% during the second quarter. Generali Investments Management Co LLC now owns 2,137 shares of the oil and gas company’s stock worth $287,000 after acquiring an additional 76 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. increased its stake in Valero Energy by 1.4% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 5,541 shares of the oil and gas company’s stock valued at $732,000 after purchasing an additional 78 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Trading Down 0.3%

Shares of VLO stock opened at $167.85 on Tuesday. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $185.62. The company has a 50-day simple moving average of $171.22 and a two-hundred day simple moving average of $154.95. The company has a market capitalization of $51.20 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 1.19 and a beta of 0.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.60.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.51. The business had revenue of $32.17 billion for 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%.Valero Energy’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the company posted $1.14 earnings per share. Research analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, November 20th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Thursday, November 20th. Valero Energy’s payout ratio is presently 94.36%.

Analysts Set New Price Targets

Several research analysts have issued reports on VLO shares. UBS Group reiterated a “buy” rating and issued a $183.00 price target on shares of Valero Energy in a report on Friday, October 24th. Bank of America reissued a “neutral” rating and issued a $195.00 price target (down previously from $198.00) on shares of Valero Energy in a research report on Thursday, December 11th. Wells Fargo & Company boosted their price target on shares of Valero Energy from $216.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Raymond James Financial restated a “strong-buy” rating and set a $195.00 price objective (up previously from $181.00) on shares of Valero Energy in a report on Friday, October 24th. Finally, Evercore ISI lifted their price objective on shares of Valero Energy from $135.00 to $185.00 and gave the company an “in-line” rating in a report on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.20.

Insider Buying and Selling at Valero Energy

In other news, CFO Jason W. Fraser sold 9,933 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 134,196 shares in the company, valued at $23,352,787.92. This trade represents a 6.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.37% of the stock is owned by corporate insiders.

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.