CIBC Asset Management Inc boosted its stake in shares of Valero Energy Corporation (NYSE:VLO – Free Report) by 59.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 77,296 shares of the oil and gas company’s stock after purchasing an additional 28,936 shares during the quarter. CIBC Asset Management Inc’s holdings in Valero Energy were worth $12,583,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VLO. Woodline Partners LP boosted its stake in Valero Energy by 40.7% during the first quarter. Woodline Partners LP now owns 26,747 shares of the oil and gas company’s stock worth $3,532,000 after buying an additional 7,735 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Valero Energy by 13.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,929 shares of the oil and gas company’s stock worth $259,000 after purchasing an additional 222 shares during the period. Gamco Investors INC. ET AL purchased a new position in shares of Valero Energy during the 2nd quarter worth $528,000. Sei Investments Co. grew its holdings in shares of Valero Energy by 11.3% during the 2nd quarter. Sei Investments Co. now owns 269,043 shares of the oil and gas company’s stock worth $36,165,000 after purchasing an additional 27,291 shares during the period. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Valero Energy by 0.9% during the 2nd quarter. Treasurer of the State of North Carolina now owns 145,810 shares of the oil and gas company’s stock worth $19,600,000 after purchasing an additional 1,338 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.
Insiders Place Their Bets
In other Valero Energy news, SVP Eric A. Fisher sold 400 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $238.60, for a total transaction of $95,440.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.36% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on Valero Energy
Valero Energy Price Performance
VLO opened at $256.03 on Friday. The stock’s 50-day moving average price is $244.66 and its 200 day moving average price is $209.79. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a 12-month low of $127.83 and a 12-month high of $265.61. The firm has a market cap of $76.02 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 0.38 and a beta of 0.55.
Valero Energy (NYSE:VLO – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share 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 company had revenue of $32.38 billion for the quarter, compared to the consensus estimate of $31.38 billion. During the same quarter in the prior year, the business earned $0.89 EPS. Valero Energy’s revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts expect that Valero Energy Corporation will post 26.51 earnings per share for the current year.
Valero Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, May 21st will be issued a dividend of $1.20 per share. The ex-dividend date is Thursday, May 21st. This represents a $4.80 annualized dividend and a yield of 1.9%. Valero Energy’s dividend payout ratio is 34.88%.
Key Valero Energy News
Here are the key news stories impacting Valero Energy this week:
- Positive Sentiment: Zacks highlighted Valero as one of the best low-beta stocks to buy right away, pointing to recent gains, solid trading volume, and the appeal of defensive energy exposure amid market volatility. Article Title
- Positive Sentiment: Another Zacks note said cleaner transportation fuels are powering Valero’s growth, citing expansion in renewable diesel, sustainable aviation fuel, and ethanol as longer-term cash flow drivers. Article Title
- Positive Sentiment: Valero was also featured as a strong value and growth name, with Zacks assigning it favorable rankings that may reinforce investor confidence in the stock’s earnings and valuation profile. Article Title
- Positive Sentiment: Valero’s refining strength was emphasized again in a Zacks article arguing that high oil prices should not fully derail margins because of tight global refining capacity and low fuel inventories. Article Title
- Positive Sentiment: Multiple headlines noted that Valero recently hit a 52-week high and has outperformed the Nasdaq over the past year, suggesting strong momentum and supportive fundamentals. Article Title
- Neutral Sentiment: One article discussed whether VLO’s run can continue after reaching a 52-week high, but it mainly framed the question around existing fundamentals rather than delivering a clear new catalyst. Article Title
- Negative Sentiment: A Yahoo Finance piece flagged possible bearish signals from insider stock sales over the past year, which could temper enthusiasm if investors focus on governance or insider sentiment. Article Title
- Negative Sentiment: Seeking Alpha argued Valero may be a great business but at the wrong price, implying valuation could be a headwind after the stock’s strong run. Article Title
Valero Energy 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.
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