NewEdge Advisors LLC Buys 9,553 Shares of Valero Energy Corporation $VLO

NewEdge Advisors LLC lifted its stake in Valero Energy Corporation (NYSE:VLOFree Report) by 19.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 59,298 shares of the oil and gas company’s stock after purchasing an additional 9,553 shares during the quarter. NewEdge Advisors LLC’s holdings in Valero Energy were worth $14,651,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. First Nebraska Trust Co purchased a new stake in Valero Energy in the 1st quarter worth approximately $286,000. Cozad Asset Management Inc. purchased a new stake in shares of Valero Energy in the first quarter worth $286,000. Allen Capital Group LLC bought a new stake in shares of Valero Energy during the 1st quarter valued at $212,000. Groupama Asset Managment lifted its stake in shares of Valero Energy by 34.7% during the 1st quarter. Groupama Asset Managment now owns 211,607 shares of the oil and gas company’s stock valued at $52,284,000 after buying an additional 54,523 shares in the last quarter. Finally, Vestor Capital LLC boosted its holdings in Valero Energy by 1,580.2% in the 1st quarter. Vestor Capital LLC now owns 1,865 shares of the oil and gas company’s stock worth $461,000 after buying an additional 1,754 shares during the period. 78.69% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Trading Down 1.7%

Shares of NYSE VLO opened at $297.94 on Friday. Valero Energy Corporation has a 1-year low of $130.78 and a 1-year high of $320.24. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.64 and a quick ratio of 1.23. The business’s 50 day moving average is $276.61 and its two-hundred day moving average is $242.90. The stock has a market capitalization of $88.47 billion, a P/E ratio of 12.36, a PEG ratio of 0.20 and a beta of 0.55.

Valero Energy (NYSE:VLOGet Free Report) last released its earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share for the quarter, beating the consensus estimate of $10.11 by $2.43. The firm had revenue of $44.48 billion for the quarter, compared to the consensus estimate of $39.47 billion. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%.The company’s revenue for the quarter was up 48.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.28 EPS. As a group, research analysts expect that Valero Energy Corporation will post 39.55 EPS for the current year.

Valero Energy Dividend Announcement

The company 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 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, July 31st. Valero Energy’s dividend payout ratio (DPR) is 19.92%.

Key Headlines Impacting Valero Energy

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

Insider Activity at Valero Energy

In related news, SVP Eric A. Fisher sold 7,500 shares of the company’s 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 approximately $5,294,212.14. This represents a 27.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on VLO shares. Piper Sandler reaffirmed an “overweight” rating and issued a $329.00 price objective on shares of Valero Energy in a research note on Thursday, July 23rd. Morgan Stanley increased their price objective on shares of Valero Energy from $232.00 to $255.00 and gave the company an “equal weight” rating in a report on Friday, June 12th. Zacks Research raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Wolfe Research reaffirmed an “underperform” rating and set a $203.00 target price on shares of Valero Energy in a research note on Tuesday, April 21st. Finally, Barclays boosted their price target on shares of Valero Energy from $279.00 to $323.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $288.00.

View Our Latest Analysis on Valero Energy

Valero Energy Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Corporation (NYSE:VLOFree Report).

Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.