1,530 Shares in Valero Energy Corporation $VLO Acquired by Greenland Capital Management LP

Greenland Capital Management LP bought a new position in Valero Energy Corporation (NYSE:VLO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,530 shares of the oil and gas company’s stock, valued at approximately $398,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Pinnbrook Capital Management LP bought a new stake in shares of Valero Energy in the 2nd quarter valued at $6,937,000. Northwestern Mutual Wealth Management Co. boosted its stake in Valero Energy by 4.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 267,439 shares of the oil and gas company’s stock worth $69,652,000 after acquiring an additional 10,878 shares in the last quarter. X Square Capital LLC boosted its stake in Valero Energy by 5.9% during the second quarter. X Square Capital LLC now owns 6,668 shares of the oil and gas company’s stock worth $1,737,000 after acquiring an additional 371 shares in the last quarter. Emerald Investment Advisers LLC grew its holdings in Valero Energy by 88.3% in the second quarter. Emerald Investment Advisers LLC now owns 9,006 shares of the oil and gas company’s stock worth $2,346,000 after purchasing an additional 4,224 shares during the period. Finally, Westpac Banking Corp increased its stake in Valero Energy by 168.7% in the second quarter. Westpac Banking Corp now owns 2,456 shares of the oil and gas company’s stock valued at $640,000 after purchasing an additional 1,542 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VLO has been the topic of several research reports. Piper Sandler reiterated an “overweight” rating and set a $329.00 price objective on shares of Valero Energy in a report on Thursday, July 23rd. Weiss Ratings upgraded Valero Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Citigroup upped their price target on Valero Energy from $259.00 to $302.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. TD Cowen increased their price target on Valero Energy from $338.00 to $350.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. Finally, Raymond James Financial raised their price objective on Valero Energy from $300.00 to $340.00 and gave the company a “strong-buy” rating in a research note on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $288.00.

Valero Energy Stock Up 2.3%

Valero Energy stock opened at $349.27 on Friday. The firm has a 50 day moving average price of $292.93 and a 200-day moving average price of $253.69. 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 Corporation has a twelve month low of $140.13 and a twelve month high of $352.70. The company has a market capitalization of $100.57 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.23 and a beta of 0.55.

Valero Energy (NYSE:VLO) last released its earnings results 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 return on equity of 26.74% and a net margin of 5.17%.The business had revenue of $44.48 billion during the quarter, compared to the consensus estimate of $39.47 billion. During the same period last year, the business posted $2.28 earnings per share. The business’s revenue for the quarter was up 48.8% on a year-over-year basis. As a group, equities analysts predict that Valero Energy Corporation will post 40.62 EPS for the current year.

Valero Energy Dividend Announcement

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

Insider Transactions at Valero Energy

In other Valero Energy 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 sale, the senior vice president directly owned 19,742 shares of the company’s stock, valued at $5,294,212.14. This represents a 27.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.36% of the company’s stock.

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.