Valero Energy Corporation $VLO Holdings Raised by Jennison Associates LLC

Jennison Associates LLC boosted its stake in Valero Energy Corporation (NYSE:VLO) by 377.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 413,437 shares of the oil and gas company’s stock after buying an additional 326,777 shares during the period. Jennison Associates LLC’s holdings in Valero Energy were worth $102,152,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Valero Energy in the 4th quarter worth approximately $1,111,542,000. Arrowstreet Capital Limited Partnership bought a new stake in Valero Energy during the third quarter worth approximately $275,239,000. Pacer Advisors Inc. lifted its position in Valero Energy by 2,635.7% in the fourth quarter. Pacer Advisors Inc. now owns 950,527 shares of the oil and gas company’s stock worth $154,736,000 after purchasing an additional 915,782 shares during the period. Victory Capital Management Inc. lifted its position in Valero Energy by 49.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,696,811 shares of the oil and gas company’s stock worth $276,224,000 after purchasing an additional 560,116 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Valero Energy by 7.5% during the 4th quarter. Franklin Resources Inc. now owns 5,668,210 shares of the oil and gas company’s stock valued at $922,728,000 after purchasing an additional 394,693 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

VLO has been the topic of a number of research reports. UBS Group reissued a “buy” rating and issued a $280.00 price objective on shares of Valero Energy in a research note on Thursday, June 11th. Wolfe Research reiterated an “underperform” rating and issued a $203.00 price target on shares of Valero Energy in a research report on Tuesday, April 21st. Morgan Stanley raised their target price on shares of Valero Energy from $232.00 to $255.00 and gave the stock an “equal weight” rating in a report on Friday, June 12th. Wall Street Zen raised shares of Valero Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 4th. Finally, TD Cowen raised their price objective on Valero Energy from $276.00 to $292.00 and gave the stock a “hold” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $253.06.

Key Stories Impacting Valero Energy

Here are the key news stories impacting Valero Energy this week:

• Positive Sentiment: Valero expanded its share repurchase authorization, which can boost earnings per share over time and indicates the board sees value in the stock. Valero Energy Expands Share Repurchase Authorization Program
• Positive Sentiment: Valero declared a quarterly cash dividend of $1.20 per share, reinforcing its appeal to income-focused investors and highlighting strong cash generation. Valero Energy Corporation Declares Regular Cash Dividend on Common Stock
• Positive Sentiment: Energy stocks rose late Friday afternoon, with the broader sector gaining on the day, which likely provided a supportive backdrop for VLO shares. Sector Update: Energy Stocks Rise Late Afternoon
• Neutral Sentiment: Separately, there was unusual put-option activity in Valero, suggesting some traders are hedging or positioning for near-term volatility rather than making a clear directional bet.
• Neutral Sentiment: Recent articles also pointed to improving earnings estimates and momentum, which may be helping sentiment, though these were commentary pieces rather than new company announcements. Can Valero Energy (VLO) Run Higher on Rising Earnings Estimates?

Valero Energy Trading Down 0.0%

Shares of VLO opened at $309.50 on Monday. The stock’s 50-day moving average price is $258.97 and its 200 day moving average price is $229.77. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $91.90 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 0.37 and a beta of 0.55. Valero Energy Corporation has a 12-month low of $130.78 and a 12-month high of $309.90.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.16 by $1.06. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The firm had revenue of $32.38 billion for the quarter, compared to the consensus estimate of $31.38 billion. During the same quarter in the previous year, the company earned $0.89 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. As a group, research analysts predict that Valero Energy Corporation will post 32.61 earnings per share for the current year.

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, July 31st will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, July 31st. Valero Energy’s payout ratio is currently 34.88%.

Insiders Place Their Bets

In other news, SVP Eric A. Fisher sold 7,500 shares of Valero Energy stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the transaction, the senior vice president owned 19,742 shares in the company, valued at $5,294,212.14. The trade was a 27.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.36% of the stock is owned by insiders.

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.