Gabelli Funds LLC Buys 3,400 Shares of Valero Energy Corporation $VLO

Gabelli Funds LLC boosted its stake in shares of Valero Energy Corporation (NYSE:VLOFree Report) by 4.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 80,307 shares of the oil and gas company’s stock after purchasing an additional 3,400 shares during the period. Gabelli Funds LLC’s holdings in Valero Energy were worth $13,073,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. RiverFront Investment Group LLC increased its position in Valero Energy by 60.2% during the 4th quarter. RiverFront Investment Group LLC now owns 2,958 shares of the oil and gas company’s stock valued at $482,000 after buying an additional 1,112 shares in the last quarter. Sapient Capital LLC increased its position in Valero Energy by 2.9% during the 4th quarter. Sapient Capital LLC now owns 4,169 shares of the oil and gas company’s stock valued at $687,000 after buying an additional 118 shares in the last quarter. North Dakota State Investment Board bought a new position in Valero Energy during the 4th quarter valued at approximately $1,743,000. Soltis Investment Advisors LLC increased its position in Valero Energy by 7.2% during the 4th quarter. Soltis Investment Advisors LLC now owns 1,709 shares of the oil and gas company’s stock valued at $278,000 after buying an additional 115 shares in the last quarter. Finally, iA Global Asset Management Inc. increased its position in Valero Energy by 200.6% during the 4th quarter. iA Global Asset Management Inc. now owns 30,715 shares of the oil and gas company’s stock valued at $5,000,000 after buying an additional 20,497 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VLO. TD Cowen lifted their target price on Valero Energy from $255.00 to $276.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Zacks Research raised Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Citigroup lifted their target price on Valero Energy from $246.00 to $259.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Wall Street Zen raised Valero Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. Finally, Weiss Ratings raised Valero Energy from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus price target of $237.94.

Check Out Our Latest Report on VLO

Valero Energy Stock Performance

VLO stock opened at $262.43 on Wednesday. The company has a market cap of $77.92 billion, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 0.36 and a beta of 0.58. Valero Energy Corporation has a 1 year low of $125.10 and a 1 year high of $262.89. 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 stock’s fifty day moving average price is $240.34 and its 200-day moving average price is $203.15.

Valero Energy (NYSE:VLOGet Free Report) 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. The firm had revenue of $32.38 billion for the quarter, compared to the consensus estimate of $31.38 billion. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the business posted $0.89 EPS. On average, equities analysts forecast that Valero Energy Corporation will post 28.26 earnings per share for the current year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Thursday, May 21st will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Thursday, May 21st. Valero Energy’s dividend payout ratio (DPR) is 34.88%.

Key Valero Energy News

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

Insider Activity

In other news, SVP Eric A. Fisher sold 8,311 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $227.69, for a total value of $1,892,331.59. Following the transaction, the senior vice president directly owned 42,242 shares in the company, valued at $9,618,080.98. This trade represents a 16.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.36% of the stock is currently owned by company insiders.

Valero Energy Company 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.

Further Reading

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

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