OMERS ADMINISTRATION Corp Boosts Holdings in Valero Energy Corporation $VLO

OMERS ADMINISTRATION Corp grew its position in Valero Energy Corporation (NYSE:VLO) by 11.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,880 shares of the oil and gas company’s stock after purchasing an additional 3,115 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Valero Energy were worth $8,042,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Whipplewood Advisors LLC grew its stake in Valero Energy by 3,400.0% during the 1st quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock worth $26,000 after buying an additional 102 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in Valero Energy in the third quarter valued at about $27,000. Financial Life Planners purchased a new stake in Valero Energy in the first quarter valued at about $28,000. Valued Wealth Advisors LLC boosted its holdings in Valero Energy by 134.0% in the first quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 67 shares in the last quarter. Finally, Torren Management LLC acquired a new stake in Valero Energy in the fourth quarter worth about $30,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Stock Performance

Shares of NYSE VLO opened at $346.15 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 0.37. Valero Energy Corporation has a 12 month low of $144.30 and a 12 month high of $353.00. The company has a 50 day simple moving average of $294.91 and a two-hundred day simple moving average of $255.29. The stock has a market cap of $99.67 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 0.23 and a beta of 0.55.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share 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 analyst estimates of $39.47 billion. During the same quarter in the prior year, the business earned $2.28 earnings per share. The business’s quarterly revenue was up 48.8% compared to the same quarter last year. As a group, analysts predict that Valero Energy Corporation will post 40.62 earnings per share for the current year.

Valero Energy Dividend Announcement

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

Analyst Ratings Changes

VLO has been the topic of several recent analyst reports. Barclays upped their price objective on shares of Valero Energy from $279.00 to $323.00 and gave the company an “overweight” rating in a report on Friday, July 31st. The Goldman Sachs Group lifted their target price on shares of Valero Energy from $286.00 to $357.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Mizuho upped their price target on shares of Valero Energy from $289.00 to $300.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Raymond James Financial raised their price target on shares of Valero Energy from $300.00 to $340.00 and gave the stock a “strong-buy” rating in a report on Monday, July 13th. Finally, Weiss Ratings upgraded shares of Valero Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $288.00.

Insider Buying and Selling at Valero Energy

In other 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 value of $2,011,275.00. Following the completion of the transaction, the senior vice president owned 19,742 shares of the company’s stock, valued at $5,294,212.14. The trade was a 27.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.36% of the company’s stock.

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.