Valero Energy Corporation $VLO Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC increased its position in shares of Valero Energy Corporation (NYSE:VLO) by 56.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 27,339 shares of the oil and gas company’s stock after acquiring an additional 9,824 shares during the period. Fisher Asset Management LLC’s holdings in Valero Energy were worth $4,451,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. JPL Wealth Management LLC acquired a new position in Valero Energy during the 3rd quarter worth about $27,000. Torren Management LLC acquired a new position in Valero Energy during the 4th quarter worth about $30,000. Triumph Capital Management acquired a new position in Valero Energy during the 3rd quarter worth about $35,000. Physician Wealth Advisors Inc. lifted its stake in Valero Energy by 145.3% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 211 shares of the oil and gas company’s stock worth $36,000 after acquiring an additional 125 shares in the last quarter. Finally, Accordant Advisory Group Inc lifted its stake in Valero Energy by 194.4% during the 4th quarter. Accordant Advisory Group Inc now owns 212 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Price Performance

VLO stock opened at $245.10 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.15. The firm has a market capitalization of $72.78 billion, a P/E ratio of 17.81, a P/E/G ratio of 0.35 and a beta of 0.58. The business’s 50-day moving average is $242.67 and its two-hundred day moving average is $206.77. Valero Energy Corporation has a 1 year low of $125.10 and a 1 year high of $263.75.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $1.06. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The company had revenue of $32.38 billion for the quarter, compared to analyst estimates of $31.38 billion. During the same quarter last year, the company earned $0.89 EPS. Valero Energy’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts anticipate that Valero Energy Corporation will post 26.51 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Thursday, May 21st will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, May 21st. Valero Energy’s dividend payout ratio (DPR) is 34.88%.

Insider Buying and Selling at Valero Energy

In other news, SVP Eric A. Fisher sold 400 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $238.60, for a total transaction of $95,440.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Weiss Ratings raised Valero Energy from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. TD Cowen increased their price target on Valero Energy from $255.00 to $276.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Piper Sandler increased their price target on Valero Energy from $236.00 to $263.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Wolfe Research reaffirmed an “underperform” rating and issued a $203.00 price target on shares of Valero Energy in a research report on Tuesday, April 21st. Finally, Barclays increased their price target on Valero Energy from $184.00 to $261.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Two investment 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $243.65.

Valero Energy 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.