Rokos Capital Management LLP Buys Shares of 186,570 Valero Energy Corporation $VLO

Rokos Capital Management LLP purchased a new position in Valero Energy Corporation (NYSE:VLO) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 186,570 shares of the oil and gas company’s stock, valued at approximately $46,091,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Whipplewood Advisors LLC raised its stake in Valero Energy by 3,400.0% during the first quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 102 shares during the last quarter. JPL Wealth Management LLC bought a new position in shares of Valero Energy during the third quarter valued at $27,000. Financial Life Planners bought a new position in shares of Valero Energy during the first quarter valued at $28,000. Valued Wealth Advisors LLC raised its position in shares of Valero Energy by 134.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 67 shares during the last quarter. Finally, Torren Management LLC bought a new position in shares of Valero Energy in the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Insider Transactions at Valero Energy

In other news, SVP Eric A. Fisher sold 7,500 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the completion of the sale, the senior vice president owned 19,742 shares of the company’s stock, valued at $5,294,212.14. This represents a 27.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VLO. BMO Capital Markets raised their price target on shares of Valero Energy from $230.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Wall Street Zen upgraded Valero Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 4th. The Goldman Sachs Group lifted their target price on Valero Energy from $286.00 to $357.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Scotiabank boosted their price target on Valero Energy from $178.00 to $226.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $329.00 price target on shares of Valero Energy in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $266.71.

Valero Energy Price Performance

Shares of VLO opened at $304.99 on Tuesday. The firm has a market cap of $90.56 billion, a PE ratio of 22.16, a P/E/G ratio of 0.20 and a beta of 0.55. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.39. The firm has a fifty day simple moving average of $266.16 and a two-hundred day simple moving average of $235.67. Valero Energy Corporation has a 1-year low of $130.78 and a 1-year high of $320.24.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $32.38 billion for the quarter, compared to the consensus estimate of $31.38 billion. During the same period last year, the business posted $0.89 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities analysts anticipate that Valero Energy Corporation will post 36.46 EPS for the current year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, July 31st will be issued a $1.20 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $4.80 dividend on an annualized basis and a yield of 1.6%. Valero Energy’s dividend payout ratio is currently 34.88%.

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.