Valero Energy Corporation $VLO Shares Bought by Vise Technologies Inc.

Vise Technologies Inc. grew its position in Valero Energy Corporation (NYSE:VLO) by 77.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,684 shares of the oil and gas company’s stock after buying an additional 5,524 shares during the period. Vise Technologies Inc.’s holdings in Valero Energy were worth $3,303,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC raised its position in shares of Valero Energy by 0.6% during the 1st quarter. V Square Quantitative Management LLC now owns 6,670 shares of the oil and gas company’s stock valued at $1,648,000 after buying an additional 42 shares during the period. M.E. Allison & CO. Inc. grew its position in Valero Energy by 5.8% in the second quarter. M.E. Allison & CO. Inc. now owns 916 shares of the oil and gas company’s stock worth $239,000 after acquiring an additional 50 shares during the period. Ridgecrest Wealth Partners LLC grew its position in Valero Energy by 5.0% in the second quarter. Ridgecrest Wealth Partners LLC now owns 1,054 shares of the oil and gas company’s stock worth $275,000 after acquiring an additional 50 shares during the period. CYBER HORNET ETFs LLC increased its stake in Valero Energy by 5.5% during the fourth quarter. CYBER HORNET ETFs LLC now owns 975 shares of the oil and gas company’s stock worth $159,000 after acquiring an additional 51 shares during the last quarter. Finally, Bruce G. Allen Investments LLC raised its position in Valero Energy by 32.9% in the fourth quarter. Bruce G. Allen Investments LLC now owns 206 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 51 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Insider Activity at Valero Energy

In other news, SVP Eric A. Fisher sold 7,500 shares of the company’s stock in a transaction on 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 sale, the senior vice president owned 19,742 shares of the company’s stock, valued at approximately $5,294,212.14. This represents a 27.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.36% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Morgan Stanley upped their price target on Valero Energy from $232.00 to $255.00 and gave the company an “equal weight” rating in a research note on Friday, June 12th. Weiss Ratings upgraded shares of Valero Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 6th. Piper Sandler reaffirmed an “overweight” rating and set a $329.00 price objective on shares of Valero Energy in a research report on Thursday, July 23rd. The Goldman Sachs Group lifted their target price on shares of Valero Energy from $286.00 to $357.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Raymond James Financial upped their price target on Valero Energy from $300.00 to $340.00 and gave the stock a “strong-buy” rating in a research note on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and a consensus target price of $288.00.

Valero Energy Stock Up 2.3%

Shares of VLO opened at $349.27 on Friday. The stock has a market capitalization of $100.56 billion, a PE ratio of 14.49, a P/E/G ratio of 0.23 and a beta of 0.55. Valero Energy Corporation has a 1 year low of $140.13 and a 1 year high of $352.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.23 and a current ratio of 1.64. The company’s 50-day simple moving average is $292.93 and its 200-day simple moving average is $253.69.

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

Valero Energy Dividend Announcement

The firm 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 $1.20 dividend. 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%.

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.