Procyon Advisors LLC Has $1.46 Million Position in Valero Energy Corporation $VLO

Procyon Advisors LLC boosted its stake in shares of Valero Energy Corporation (NYSE:VLO) by 51.5% in the third quarter, Holdings Channel reports. The firm owned 8,583 shares of the oil and gas company’s stock after acquiring an additional 2,916 shares during the period. Procyon Advisors LLC’s holdings in Valero Energy were worth $1,461,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VLO. Hoey Investments Inc. acquired a new stake in shares of Valero Energy in the second quarter worth $26,000. GFG Capital LLC acquired a new position in Valero Energy in the 2nd quarter valued at $27,000. Highline Wealth Partners LLC raised its holdings in Valero Energy by 70.2% in the 3rd quarter. Highline Wealth Partners LLC now owns 160 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 66 shares during the period. Hantz Financial Services Inc. lifted its position in Valero Energy by 1,277.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 248 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 230 shares during the last quarter. Finally, Global Wealth Strategies & Associates bought a new stake in Valero Energy during the third quarter valued at about $34,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Trading Down 1.1%

Shares of VLO opened at $184.49 on Friday. The stock’s 50-day moving average price is $173.86 and its 200 day moving average price is $160.64. The company has a quick ratio of 1.09, a current ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $56.27 billion, a price-to-earnings ratio of 38.52, a P/E/G ratio of 1.11 and a beta of 0.77. Valero Energy Corporation has a 12-month low of $99.00 and a 12-month high of $192.00.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data 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 company had revenue of $32.17 billion during the quarter, compared to the consensus estimate of $28.80 billion. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the company earned $1.14 EPS. As a group, research analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, November 20th were paid a dividend of $1.13 per share. The ex-dividend date was Thursday, November 20th. This represents a $4.52 dividend on an annualized basis and a yield of 2.4%. Valero Energy’s payout ratio is currently 94.36%.

Insider Transactions at Valero Energy

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VLO. Erste Group Bank assumed coverage on Valero Energy in a research report on Monday, November 10th. They issued a “buy” rating on the stock. Wells Fargo & Company increased their target price on Valero Energy from $216.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Jefferies Financial Group raised their target price on Valero Energy from $181.00 to $194.00 and gave the company a “buy” rating in a report on Friday, October 10th. Piper Sandler cut their price target on Valero Energy from $223.00 to $217.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Finally, UBS Group reissued a “buy” rating on shares of Valero Energy in a research report on Tuesday, January 6th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and an average target price of $183.00.

About Valero Energy

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.