Louisiana State Employees Retirement System purchased a new stake in Valero Energy Corporation (NYSE:VLO – Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,500 shares of the oil and gas company’s stock, valued at approximately $3,830,000.
Several other institutional investors have also recently made changes to their positions in the stock. Woodline Partners LP boosted its holdings in shares of Valero Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 26,747 shares of the oil and gas company’s stock valued at $3,532,000 after buying an additional 7,735 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in Valero Energy by 13.0% during the second quarter. Sivia Capital Partners LLC now owns 1,929 shares of the oil and gas company’s stock worth $259,000 after buying an additional 222 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in Valero Energy during the second quarter worth $528,000. Sei Investments Co. raised its position in Valero Energy by 11.3% during the second quarter. Sei Investments Co. now owns 269,043 shares of the oil and gas company’s stock worth $36,165,000 after acquiring an additional 27,291 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in Valero Energy by 0.9% in the second quarter. Treasurer of the State of North Carolina now owns 145,810 shares of the oil and gas company’s stock valued at $19,600,000 after acquiring an additional 1,338 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.
Valero Energy Price Performance
Shares of VLO opened at $259.05 on Friday. The company’s 50-day moving average is $246.28 and its 200-day moving average is $217.36. 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 $76.92 billion, a PE ratio of 18.83, a PEG ratio of 0.37 and a beta of 0.55. Valero Energy Corporation has a fifty-two week low of $130.78 and a fifty-two week high of $265.61.
Valero Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, May 21st were given a $1.20 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $4.80 annualized dividend and a dividend yield of 1.9%. Valero Energy’s dividend payout ratio is presently 34.88%.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Valero Energy from $232.00 to $255.00 and gave the stock an “equal weight” rating in a research note on Friday, June 12th. 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. The Goldman Sachs Group boosted their price target on Valero Energy from $203.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Barclays upped their price objective on Valero Energy from $184.00 to $261.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Finally, UBS Group reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Valero Energy in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and an average target price of $245.59.
Check Out Our Latest Analysis on VLO
Insider Buying and Selling at Valero Energy
In other news, SVP Eric A. Fisher sold 7,500 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $236.90, for a total transaction of $1,776,750.00. Following the transaction, the senior vice president owned 27,242 shares in the company, valued at approximately $6,453,629.80. This trade represents a 21.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.36% of the company’s stock.
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.
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