Family Manage LLC Raises Stake in Valero Energy Corporation $VLO

Family Manage LLC lifted its stake in shares of Valero Energy Corporation (NYSE:VLO) by 1,381.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,504 shares of the oil and gas company’s stock after purchasing an additional 20,052 shares during the quarter. Family Manage LLC’s holdings in Valero Energy were worth $5,313,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in VLO. V Square Quantitative Management LLC boosted its holdings in Valero Energy by 0.6% during the first quarter. V Square Quantitative Management LLC now owns 6,670 shares of the oil and gas company’s stock worth $1,648,000 after buying an additional 42 shares in the last quarter. CYBER HORNET ETFs LLC increased its holdings in Valero Energy by 5.5% in the fourth quarter. CYBER HORNET ETFs LLC now owns 975 shares of the oil and gas company’s stock valued at $159,000 after buying an additional 51 shares in the last quarter. Bruce G. Allen Investments LLC lifted its position in shares of Valero Energy by 32.9% during the 4th quarter. Bruce G. Allen Investments LLC now owns 206 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 51 shares during the period. Providence Wealth Advisors LLC lifted its position in shares of Valero Energy by 0.5% during the 4th quarter. Providence Wealth Advisors LLC now owns 9,610 shares of the oil and gas company’s stock valued at $1,564,000 after acquiring an additional 52 shares during the period. Finally, KPP Advisory Services LLC boosted its stake in shares of Valero Energy by 2.5% during the 1st quarter. KPP Advisory Services LLC now owns 2,156 shares of the oil and gas company’s stock worth $533,000 after acquiring an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Down 0.0%

Shares of VLO opened at $302.48 on Monday. Valero Energy Corporation has a fifty-two week low of $130.78 and a fifty-two week high of $320.24. The company has a market capitalization of $89.81 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 0.20 and a beta of 0.55. The stock has a fifty day moving average of $265.22 and a two-hundred day moving average of $234.77. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.15 and a current ratio of 1.58.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $1.06. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The business had revenue of $32.38 billion during the quarter, compared to the consensus estimate of $31.38 billion. During the same quarter in the previous year, the business earned $0.89 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, analysts forecast that Valero Energy Corporation will post 36.46 EPS for the current year.

Valero Energy Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on VLO shares. Scotiabank upped their price target on Valero Energy from $178.00 to $226.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Piper Sandler reaffirmed an “overweight” rating and set a $329.00 price objective on shares of Valero Energy in a report on Thursday. Mizuho boosted their target price on Valero Energy from $222.00 to $289.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. TD Cowen upped their target price on Valero Energy from $292.00 to $338.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. Finally, Citigroup raised their price target on Valero Energy from $259.00 to $302.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $266.71.

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 transaction, the senior vice president directly owned 19,742 shares in the company, valued at $5,294,212.14. This represents a 27.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.36% of the stock is currently owned by insiders.

Key Valero Energy News

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

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.