Pacer Advisors Inc. Has $154.74 Million Position in Valero Energy Corporation $VLO

Pacer Advisors Inc. boosted its position in Valero Energy Corporation (NYSE:VLO) by 2,635.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 950,527 shares of the oil and gas company’s stock after purchasing an additional 915,782 shares during the period. Pacer Advisors Inc. owned 0.31% of Valero Energy worth $154,736,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in VLO. JPL Wealth Management LLC acquired a new stake in shares of Valero Energy in the third quarter valued at about $27,000. Torren Management LLC acquired a new stake in shares of Valero Energy in the fourth quarter valued at about $30,000. Cypress Capital Management LLC WY acquired a new stake in shares of Valero Energy in the third quarter valued at about $34,000. Triumph Capital Management acquired a new stake in shares of Valero Energy in the third quarter valued at about $35,000. Finally, Accordant Advisory Group Inc increased its stake in shares of Valero Energy by 194.4% in the fourth quarter. Accordant Advisory Group Inc now owns 212 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 140 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wolfe Research reissued an “underperform” rating and issued a $203.00 price target on shares of Valero Energy in a research note on Tuesday, April 21st. 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 note 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 note on Wednesday, April 8th. Zacks Research raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Finally, Wall Street Zen raised Valero Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 4th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Valero Energy has an average rating of “Moderate Buy” and a consensus target price of $237.94.

Valero Energy Trading Down 1.3%

NYSE VLO opened at $243.87 on Thursday. The business has a 50 day simple moving average of $237.94 and a 200 day simple moving average of $200.82. Valero Energy Corporation has a one year low of $125.10 and a one year high of $258.43. The stock has a market capitalization of $72.41 billion, a P/E ratio of 17.72, a P/E/G ratio of 0.34 and a beta of 0.58. 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 released its earnings results 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 business had revenue of $32.38 billion during the quarter, compared to analysts’ expectations of $31.38 billion. During the same quarter last year, the firm posted $0.89 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. Research analysts expect that Valero Energy Corporation will post 28.02 earnings per share for the current year.

Valero Energy Announces Dividend

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

Insider Buying and Selling

In other Valero Energy news, SVP Eric A. Fisher sold 400 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $238.60, for a total value of $95,440.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.36% of the stock is owned by corporate insiders.

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.