Vista Investment Partners LLC Buys 2,240 Shares of Valero Energy Corporation $VLO

Vista Investment Partners LLC lifted its stake in Valero Energy Corporation (NYSE:VLOFree Report) by 190.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,418 shares of the oil and gas company’s stock after purchasing an additional 2,240 shares during the quarter. Vista Investment Partners LLC’s holdings in Valero Energy were worth $890,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of VLO. State Street Corp increased its position in Valero Energy by 0.9% during the fourth quarter. State Street Corp now owns 18,177,191 shares of the oil and gas company’s stock valued at $2,959,065,000 after acquiring an additional 163,975 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Valero Energy by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,950,982 shares of the oil and gas company’s stock valued at $1,945,500,000 after acquiring an additional 63,919 shares during the period. Norges Bank bought a new stake in shares of Valero Energy in the 4th quarter worth about $1,111,542,000. Franklin Resources Inc. lifted its holdings in shares of Valero Energy by 7.5% in the 4th quarter. Franklin Resources Inc. now owns 5,668,210 shares of the oil and gas company’s stock worth $922,728,000 after acquiring an additional 394,693 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Valero Energy by 11.4% during the 1st quarter. Bank of America Corp DE now owns 5,033,310 shares of the oil and gas company’s stock worth $1,243,630,000 after purchasing an additional 516,975 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Down 0.1%

VLO stock opened at $297.94 on Monday. Valero Energy Corporation has a 12 month low of $130.78 and a 12 month high of $320.24. The firm’s 50-day moving average is $276.61 and its 200 day moving average is $243.32. The company has a market capitalization of $88.47 billion, a PE ratio of 12.36, a P/E/G ratio of 0.20 and a beta of 0.55. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.64 and a quick ratio of 1.23.

Valero Energy (NYSE:VLOGet Free Report) last released its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.11 by $2.43. The company 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 firm’s quarterly revenue was up 48.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.28 EPS. On average, research analysts anticipate that Valero Energy Corporation will post 39.55 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, July 31st will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, July 31st. Valero Energy’s payout ratio is currently 19.92%.

Key Stories Impacting Valero Energy

Here are the key news stories impacting Valero Energy this week:

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VLO. Wolfe Research reiterated an “underperform” rating and set a $203.00 price target on shares of Valero Energy in a report on Tuesday, April 21st. Piper Sandler reissued an “overweight” rating and issued a $329.00 price objective on shares of Valero Energy in a research note on Thursday, July 23rd. UBS Group boosted their target price on Valero Energy from $280.00 to $355.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Citigroup upped their target price on Valero Energy from $259.00 to $302.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Finally, Wells Fargo & Company increased their price target on Valero Energy from $292.00 to $356.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $288.00.

Get Our Latest Stock Report on Valero Energy

Insider Buying and Selling at Valero Energy

In related news, SVP Eric A. Fisher sold 7,500 shares of the business’s stock in a transaction that occurred on 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 approximately $5,294,212.14. The trade was a 27.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Valero Energy Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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