Valero Energy Corporation $VLO Position Boosted by Vise Technologies Inc.

Vise Technologies Inc. raised its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 37.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,160 shares of the oil and gas company’s stock after acquiring an additional 1,938 shares during the quarter. Vise Technologies Inc.’s holdings in Valero Energy were worth $1,166,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new position in Valero Energy during the 4th quarter valued at about $1,111,542,000. Franklin Resources Inc. grew its stake in shares of Valero Energy by 5.0% in the 3rd quarter. Franklin Resources Inc. now owns 5,273,517 shares of the oil and gas company’s stock valued at $897,869,000 after buying an additional 249,195 shares in the last quarter. Barclays PLC grew its stake in shares of Valero Energy by 5.3% in the 3rd quarter. Barclays PLC now owns 4,143,672 shares of the oil and gas company’s stock valued at $705,502,000 after buying an additional 209,597 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Valero Energy by 2.3% in the 3rd quarter. Legal & General Group Plc now owns 1,904,181 shares of the oil and gas company’s stock valued at $324,206,000 after buying an additional 43,237 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Valero Energy in the 3rd quarter valued at approximately $275,239,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Eric A. Fisher sold 400 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $238.60, for a total value of $95,440.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.36% of the company’s stock.

Valero Energy Stock Up 0.9%

VLO opened at $258.03 on Tuesday. The business has a 50 day moving average price of $244.87 and a 200 day moving average price of $210.52. Valero Energy Corporation has a twelve month low of $128.02 and a twelve month high of $265.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.15 and a current ratio of 1.58. The firm has a market cap of $76.62 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 0.38 and a beta of 0.55.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share for the quarter, topping the consensus estimate of $3.16 by $1.06. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The firm had revenue of $32.38 billion during the quarter, compared to analyst estimates of $31.38 billion. During the same period in the previous year, the company earned $0.89 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Research analysts forecast that Valero Energy Corporation will post 26.51 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Thursday, May 21st will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.9%. The ex-dividend date is Thursday, May 21st. Valero Energy’s payout ratio is 34.88%.

Analyst Ratings Changes

VLO has been the subject of several recent research reports. The Goldman Sachs Group boosted their price target on Valero Energy from $203.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Citigroup boosted their price target on Valero Energy from $246.00 to $259.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Piper Sandler boosted their price target on Valero Energy from $236.00 to $263.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. TD Cowen boosted their price target on Valero Energy from $255.00 to $276.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Finally, Weiss Ratings raised Valero Energy from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Valero Energy has an average rating of “Moderate Buy” and a consensus target price of $243.65.

Valero Energy Profile

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.