DSG Capital Advisors LLC Acquires 1,876 Shares of Valero Energy Corporation $VLO

DSG Capital Advisors LLC lifted its holdings in Valero Energy Corporation (NYSE:VLO) by 44.6% in the 1st quarter, Holdings Channel reports. The firm owned 6,086 shares of the oil and gas company’s stock after acquiring an additional 1,876 shares during the period. DSG Capital Advisors LLC’s holdings in Valero Energy were worth $1,504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Barclays PLC lifted its position in Valero Energy by 5.3% during the third quarter. Barclays PLC now owns 4,143,672 shares of the oil and gas company’s stock valued at $705,502,000 after purchasing an additional 209,597 shares during the period. Beacon Investment Advisory Services Inc. grew its position in Valero Energy by 33.5% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 42,376 shares of the oil and gas company’s stock worth $6,898,000 after purchasing an additional 10,634 shares during the period. Friedenthal Financial bought a new stake in Valero Energy in the 4th quarter worth approximately $954,000. CWA Asset Management Group LLC raised its stake in Valero Energy by 359.0% during the 4th quarter. CWA Asset Management Group LLC now owns 14,243 shares of the oil and gas company’s stock valued at $2,319,000 after buying an additional 11,140 shares during the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich purchased a new stake in Valero Energy during the 3rd quarter valued at $3,249,000. 78.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on VLO. The Goldman Sachs Group raised their price target on Valero Energy from $203.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Wolfe Research reiterated an “underperform” rating and set a $203.00 price objective on shares of Valero Energy in a research report on Tuesday, April 21st. Zacks Research downgraded Valero Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Wells Fargo & Company raised their target price on Valero Energy from $220.00 to $292.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Finally, Raymond James Financial boosted their price target on Valero Energy from $215.00 to $290.00 and gave the company a “strong-buy” rating in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and an average target price of $247.59.

Valero Energy Trading Down 0.5%

Shares of Valero Energy stock opened at $267.99 on Friday. The company’s fifty day simple moving average is $249.06 and its 200-day simple moving average is $220.30. The stock has a market capitalization of $79.57 billion, a PE ratio of 19.48, a P/E/G ratio of 0.37 and a beta of 0.55. Valero Energy Corporation has a 1-year low of $130.78 and a 1-year high of $274.92. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.15.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, topping the consensus estimate of $3.16 by $1.06. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The firm had revenue of $32.38 billion during the quarter, compared to analyst estimates of $31.38 billion. During the same period in the prior year, the business posted $0.89 EPS. Valero Energy’s revenue was up 7.0% on a year-over-year basis. As a group, equities analysts anticipate that Valero Energy Corporation will post 28.37 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, May 21st were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, May 21st. Valero Energy’s payout ratio is currently 34.88%.

Insider Buying and Selling

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 stock was sold at an average price of $268.17, for a total value of $2,011,275.00. Following the completion of the sale, the senior vice president owned 19,742 shares in the company, valued at $5,294,212.14. This represents a 27.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.36% of the stock is currently owned by insiders.

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.