Allspring Global Investments Holdings LLC lowered its position in Valero Energy Corporation (NYSE:VLO – Free Report) by 16.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,424,722 shares of the oil and gas company’s stock after selling 278,035 shares during the quarter. Valero Energy comprises approximately 0.6% of Allspring Global Investments Holdings LLC’s portfolio, making the stock its 28th largest holding. Allspring Global Investments Holdings LLC’s holdings in Valero Energy were worth $344,013,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the business. Frisch Financial Group Inc. bought a new stake in Valero Energy during the first quarter valued at $253,000. Independent Financial Group LLC bought a new position in shares of Valero Energy in the first quarter worth approximately $1,144,000. Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Valero Energy in the first quarter worth approximately $21,033,000. W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in Valero Energy in the first quarter valued at approximately $222,000. Finally, Wealthfront Advisers LLC lifted its position in Valero Energy by 0.5% during the first quarter. Wealthfront Advisers LLC now owns 82,634 shares of the oil and gas company’s stock valued at $20,417,000 after purchasing an additional 427 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.
Valero Energy Price Performance
Shares of Valero Energy stock opened at $300.48 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.15 and a current ratio of 1.58. Valero Energy Corporation has a 52-week low of $130.78 and a 52-week high of $303.64. The company has a fifty day moving average of $257.59 and a 200-day moving average of $228.76. The stock has a market capitalization of $89.22 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 0.36 and a beta of 0.55.
Valero Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, May 21st were issued a $1.20 dividend. The ex-dividend date was Thursday, May 21st. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. Valero Energy’s payout ratio is currently 34.88%.
Key Stories Impacting Valero Energy
Here are the key news stories impacting Valero Energy this week:
- Positive Sentiment: Valero declared a regular quarterly cash dividend of $1.20 per share, reinforcing its shareholder-return profile and signaling confidence in cash generation. Valero Energy Corporation Declares Regular Cash Dividend on Common Stock
- Positive Sentiment: Analyst-related coverage suggested Valero could run higher on rising earnings estimates, which typically supports the stock by pointing to improving profit expectations. Can Valero Energy (VLO) Run Higher on Rising Earnings Estimates?
- Positive Sentiment: Multiple reports said VLO hit a new 52-week high after an analyst upgrade, suggesting Wall Street sentiment has turned more constructive and helped extend the stock’s recent strength. Valero Energy (NYSE:VLO) Sets New 12-Month High Following Analyst Upgrade
- Neutral Sentiment: There was also unusual options activity, with traders buying more put options than normal, which may indicate hedging or caution, but does not by itself explain a major fundamental shift.
- Neutral Sentiment: Broader refining-margin commentary for the sector was supportive overall, but it was focused on Marathon Petroleum rather than Valero specifically.
Analyst Ratings Changes
VLO has been the subject of a number of research reports. TD Cowen boosted their price target on shares of Valero Energy from $276.00 to $292.00 and gave the stock a “hold” rating in a research note on Monday, June 29th. Raymond James Financial lifted their price objective on shares of Valero Energy from $300.00 to $340.00 and gave the stock a “strong-buy” rating in a report on Monday. Scotiabank upped their target price on shares of Valero Energy from $178.00 to $226.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Wolfe Research reissued an “underperform” rating and issued a $203.00 target price on shares of Valero Energy in a research note on Tuesday, April 21st. Finally, Morgan Stanley lifted their price target on Valero Energy from $232.00 to $255.00 and gave the stock an “equal weight” rating in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $253.06.
View Our Latest Stock Report on VLO
Insider Buying and Selling at Valero Energy
In other news, SVP Eric A. Fisher sold 7,500 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $268.17, for a total value 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 approximately $5,294,212.14. The trade was a 27.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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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