Canada Post Corp Registered Pension Plan raised its position in Valero Energy Corporation (NYSE:VLO – Free Report) by 70.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,845 shares of the oil and gas company’s stock after purchasing an additional 3,650 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Valero Energy were worth $1,440,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new position in Valero Energy in the 3rd quarter valued at $27,000. Torren Management LLC purchased a new position in Valero Energy in the 4th quarter valued at $30,000. Cypress Capital Management LLC WY purchased a new position in Valero Energy in the 3rd quarter valued at $34,000. Triumph Capital Management purchased a new position in Valero Energy in the 3rd quarter valued at $35,000. Finally, Physician Wealth Advisors Inc. lifted its holdings in Valero Energy by 145.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 211 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.
Valero Energy Stock Up 3.0%
Shares of NYSE:VLO opened at $258.39 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.15. The firm has a market capitalization of $76.72 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 0.35 and a beta of 0.58. The firm’s 50-day moving average is $239.59 and its two-hundred day moving average is $202.50. Valero Energy Corporation has a 1 year low of $125.10 and a 1 year high of $260.31.
Valero Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, May 21st will be paid a dividend of $1.20 per share. The ex-dividend date is Thursday, May 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. Valero Energy’s dividend payout ratio is 34.88%.
Analyst Upgrades and Downgrades
VLO has been the topic of a number of research reports. UBS Group raised their price objective on Valero Energy from $215.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Scotiabank lifted their price target on Valero Energy from $178.00 to $226.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Wells Fargo & Company lifted their price target on Valero Energy from $220.00 to $292.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. The Goldman Sachs Group lifted their price target on Valero Energy from $203.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Finally, Piper Sandler lifted their price target on Valero Energy from $236.00 to $263.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $237.94.
Read Our Latest Report on Valero Energy
Valero Energy News Roundup
Here are the key news stories impacting Valero Energy this week:
- Positive Sentiment: Analysts and earnings estimate revisions are pointing higher for Valero, suggesting momentum could continue if the company keeps beating expectations. Earnings Estimates Rising for Valero Energy (VLO): Will It Gain?
- Positive Sentiment: Valero’s latest quarter reportedly crushed estimates, with management also indicating refining margins should remain strong, supporting the case for continued earnings strength. Valero Energy (VLO) Crushes Estimates in Q1, Expects Refining Margins to Remain Strong
- Positive Sentiment: The stock is also being highlighted as a strong value name and a potential buy for income-focused investors ahead of its upcoming dividend, which may be attracting buyers. Valero Energy (NYSE:VLO) Could Be A Buy For Its Upcoming Dividend
- Positive Sentiment: Valero was also added to a Zacks Strong Buy growth list, reinforcing the market’s view that fundamentals and valuation look attractive. Best Growth Stocks to Buy for May 18th
- Neutral Sentiment: An analyst report on Valero Energy Corp. was published, but no specific positive or negative catalyst was included in the headline details. Analyst Report: Valero Energy Corp
- Neutral Sentiment: Some commentary suggests Valero could still perform well even if oil prices fall, but that appears more like a sector strategy note than a direct company-specific catalyst. Iran Ceasefire Trade: 3 Energy Stocks to Own if Oil Falls to $80 (VLO)
Insider Transactions at Valero Energy
In other Valero Energy news, SVP Eric A. Fisher sold 400 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $238.60, for a total transaction of $95,440.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.36% of the stock is owned by company insiders.
About Valero Energy
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
- Five stocks we like better than Valero Energy
- Why Applied Optoelectronics Stock May Be Near a Turning Point
- From High-Yield to High-Growth: 3 Stocks Boosting Dividends
- Is Everspin Technologies the Next AI Edge Breakout?
- 5 Robotics Stocks to Watch as Physical AI Builds Momentum
Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Corporation (NYSE:VLO – Free Report).
Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.
