Private Advisory Group LLC Invests $1.41 Million in Valero Energy Corporation $VLO

Private Advisory Group LLC purchased a new position in Valero Energy Corporation (NYSE:VLO) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,406 shares of the oil and gas company’s stock, valued at approximately $1,408,000.

Several other institutional investors and hedge funds have also modified their holdings of VLO. Woodline Partners LP lifted its stake in shares of Valero Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 26,747 shares of the oil and gas company’s stock worth $3,532,000 after purchasing an additional 7,735 shares during the period. Sivia Capital Partners LLC grew its position in shares of Valero Energy by 13.0% in the second quarter. Sivia Capital Partners LLC now owns 1,929 shares of the oil and gas company’s stock valued at $259,000 after purchasing an additional 222 shares during the period. Gamco Investors INC. ET AL acquired a new position in Valero Energy in the second quarter valued at $528,000. Sei Investments Co. increased its stake in Valero Energy by 11.3% in the second quarter. Sei Investments Co. now owns 269,043 shares of the oil and gas company’s stock valued at $36,165,000 after purchasing an additional 27,291 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in Valero Energy by 0.9% in the 2nd quarter. Treasurer of the State of North Carolina now owns 145,810 shares of the oil and gas company’s stock worth $19,600,000 after buying an additional 1,338 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Wolfe Research restated an “underperform” rating and issued a $203.00 price target on shares of Valero Energy in a 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 research report on Friday, June 12th. Piper Sandler reaffirmed an “overweight” rating and set a $329.00 price target on shares of Valero Energy in a research report on Thursday, July 23rd. Jefferies Financial Group set a $350.00 price target on shares of Valero Energy in a research note on Monday, August 3rd. Finally, Zacks Research raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

Valero Energy Price Performance

VLO opened at $341.36 on Monday. Valero Energy Corporation has a 52-week low of $135.01 and a 52-week high of $346.09. The company has a 50 day moving average of $283.92 and a two-hundred day moving average of $248.42. The company has a market cap of $98.29 billion, a P/E ratio of 14.16, a P/E/G ratio of 0.23 and a beta of 0.55. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 0.37.

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

Valero Energy Dividend Announcement

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

Insider Activity at Valero Energy

In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the business’s 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

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.