Valero Energy Corporation $VLO Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 158.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 419,159 shares of the oil and gas company’s stock after acquiring an additional 257,102 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Valero Energy were worth $103,566,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bollard Group LLC lifted its stake in Valero Energy by 17.3% during the first quarter. Bollard Group LLC now owns 73,212 shares of the oil and gas company’s stock worth $18,089,000 after purchasing an additional 10,816 shares during the last quarter. Compound Planning Inc. raised its holdings in Valero Energy by 1.6% during the first quarter. Compound Planning Inc. now owns 12,238 shares of the oil and gas company’s stock worth $3,024,000 after purchasing an additional 191 shares in the last quarter. Modern Wealth Management LLC lifted its position in shares of Valero Energy by 7.5% during the 1st quarter. Modern Wealth Management LLC now owns 2,046 shares of the oil and gas company’s stock worth $494,000 after buying an additional 143 shares during the last quarter. Keebeck Wealth Management boosted its holdings in shares of Valero Energy by 23.2% in the 1st quarter. Keebeck Wealth Management now owns 2,060 shares of the oil and gas company’s stock valued at $509,000 after buying an additional 388 shares in the last quarter. Finally, Orleans Capital Management Corp LA grew its position in shares of Valero Energy by 8.6% in the 1st quarter. Orleans Capital Management Corp LA now owns 12,034 shares of the oil and gas company’s stock valued at $2,973,000 after buying an additional 950 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Insider Buying and Selling at Valero Energy

In other news, SVP Eric A. Fisher sold 7,500 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the completion of the sale, the senior vice president owned 19,742 shares in the company, valued at approximately $5,294,212.14. This represents a 27.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.36% of the company’s stock.

Trending Headlines about Valero Energy

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

• Positive Sentiment: Goldman Sachs raised its price target on Valero Energy to $357 from a prior level, reinforcing a bullish view and suggesting additional upside from current levels. The Goldman Sachs Group Increases Valero Energy (NYSE:VLO) Price Target to $357.00
• Positive Sentiment: Piper Sandler reaffirmed its overweight rating and set a $329 price target, signaling continued confidence in Valero’s refining business and valuation. Valero Energy had its “overweight” rating reaffirmed by Piper Sandler
• Positive Sentiment: Valero’s board affirmed its regular quarterly dividend of $1.20 per share, which supports the stock’s appeal for income-focused investors and may be contributing to recent momentum. Valero Energy (VLO) Eyes Earnings And Crude Supply Shifts, Is The Stock Fully Priced?
• Positive Sentiment: Zacks highlighted Valero as a strong momentum stock, reflecting technical strength that can attract traders and trend-following investors. Here’s Why Valero Energy (VLO) is a Strong Momentum Stock
• Neutral Sentiment: Analysts expect Valero’s earnings to grow when it reports next week, but Zacks also said the setup does not look especially favorable for an earnings beat, creating a mixed near-term outlook. Valero Energy (VLO) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Neutral Sentiment: Valero was noted to be attracting unusually high investor attention on Zacks, which indicates rising interest but does not by itself change the fundamentals. Valero Energy Corporation (VLO) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: One report said Valero underperformed peers on Thursday, suggesting some short-term profit-taking or relative weakness versus other refiners. Valero Energy Corp. stock underperforms Thursday when compared to competitors

Valero Energy Stock Performance

Shares of Valero Energy stock opened at $302.48 on Friday. The firm’s fifty day simple moving average is $265.22 and its 200-day simple moving average is $234.39. Valero Energy Corporation has a 12 month low of $130.78 and a 12 month high of $320.24. The stock has a market capitalization of $89.81 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 0.21 and a beta of 0.55. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.15.

Valero Energy (NYSE:VLO) last issued 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. The firm had revenue of $32.38 billion during the quarter, compared to analysts’ expectations of $31.38 billion. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. Valero Energy’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 EPS. As a group, equities analysts forecast that Valero Energy Corporation will post 35.11 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. Stockholders of record on Friday, July 31st will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, July 31st. Valero Energy’s dividend payout ratio is presently 34.88%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Barclays boosted their price target on shares of Valero Energy from $261.00 to $279.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Wolfe Research reaffirmed an “underperform” rating and set a $203.00 price objective on shares of Valero Energy in a report on Tuesday, April 21st. Wall Street Zen upgraded Valero Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 4th. Raymond James Financial boosted their target price on Valero Energy from $300.00 to $340.00 and gave the company a “strong-buy” rating in a report on Monday, July 13th. Finally, Wells Fargo & Company upped their target price on Valero Energy from $220.00 to $292.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and a consensus price target of $266.71.

Valero Energy Company 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.