Oppenheimer & Co. Inc. Has $11.05 Million Stock Holdings in Valero Energy Corporation $VLO

Oppenheimer & Co. Inc. reduced its stake in Valero Energy Corporation (NYSE:VLO) by 10.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,419 shares of the oil and gas company’s stock after selling 4,795 shares during the period. Oppenheimer & Co. Inc.’s holdings in Valero Energy were worth $11,048,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Friedenthal Financial acquired a new position in shares of Valero Energy during the fourth quarter worth approximately $954,000. Whittier Trust Co. grew its position in Valero Energy by 2.8% in the 4th quarter. Whittier Trust Co. now owns 212,104 shares of the oil and gas company’s stock valued at $37,812,000 after purchasing an additional 5,694 shares during the period. Sierra Summit Advisors LLC grew its position in Valero Energy by 2,325.2% in the 4th quarter. Sierra Summit Advisors LLC now owns 36,378 shares of the oil and gas company’s stock valued at $5,922,000 after purchasing an additional 34,878 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in Valero Energy by 846.9% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,752 shares of the oil and gas company’s stock valued at $2,401,000 after purchasing an additional 13,194 shares in the last quarter. Finally, North Dakota State Investment Board bought a new stake in Valero Energy during the 4th quarter valued at $1,743,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Eric A. Fisher sold 7,500 shares of the business’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. The trade was a 27.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.36% of the company’s stock.

Valero Energy Trading Down 0.5%

NYSE VLO opened at $341.36 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $283.92 and a 200 day simple moving average of $247.97. Valero Energy Corporation has a 12 month low of $135.01 and a 12 month high of $346.09. The firm has a market capitalization of $98.29 billion, a P/E ratio of 14.16, a PEG ratio of 0.23 and a beta of 0.55.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.11 by $2.43. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The firm had revenue of $44.48 billion for the quarter, compared to the consensus estimate of $39.47 billion. During the same period in the previous year, the firm earned $2.28 EPS. The business’s revenue for the quarter was up 48.8% compared to the same quarter last year. On average, analysts predict that Valero Energy Corporation will post 40.62 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, July 31st will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, July 31st. Valero Energy’s dividend payout ratio (DPR) is presently 19.92%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on VLO shares. Morgan Stanley upped their price objective 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. Scotiabank boosted their target price on shares of Valero Energy from $178.00 to $226.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Zacks Research raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. UBS Group upped their target price on shares of Valero Energy from $280.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $329.00 price target on shares of Valero Energy in a research report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Valero Energy has an average rating of “Moderate Buy” and a consensus target price of $288.00.

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.