D.A. Davidson & CO. Sells 59,183 Shares of Valero Energy Corporation $VLO

D.A. Davidson & CO. reduced its position in Valero Energy Corporation (NYSE:VLOFree Report) by 53.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,336 shares of the oil and gas company’s stock after selling 59,183 shares during the quarter. D.A. Davidson & CO.’s holdings in Valero Energy were worth $12,931,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in shares of Valero Energy by 9.4% during the first quarter. Bank of New York Mellon Corp now owns 2,969,320 shares of the oil and gas company’s stock valued at $733,660,000 after buying an additional 254,604 shares during the last quarter. Journey Advisory Group LLC lifted its stake in shares of Valero Energy by 23.3% during the 1st quarter. Journey Advisory Group LLC now owns 21,676 shares of the oil and gas company’s stock worth $5,356,000 after acquiring an additional 4,098 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Valero Energy by 26.6% during the 1st quarter. Sanctuary Advisors LLC now owns 166,868 shares of the oil and gas company’s stock worth $41,230,000 after acquiring an additional 35,067 shares during the last quarter. Members Trust Co purchased a new position in Valero Energy during the 1st quarter valued at $232,000. Finally, Checchi Capital Advisers LLC boosted its holdings in Valero Energy by 3.9% during the 1st quarter. Checchi Capital Advisers LLC now owns 5,023 shares of the oil and gas company’s stock valued at $1,241,000 after acquiring an additional 187 shares during the period. Institutional investors own 78.69% of the company’s stock.

Insider Activity at Valero Energy

In related news, SVP Eric A. Fisher sold 7,500 shares of Valero Energy 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 directly owned 19,742 shares in the company, valued at $5,294,212.14. The trade was a 27.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Valero Energy Stock Up 2.7%

Shares of NYSE:VLO opened at $300.48 on Friday. Valero Energy Corporation has a 52-week low of $130.78 and a 52-week high of $303.64. The stock has a market cap of $89.22 billion, a P/E ratio of 21.84, a price-to-earnings-growth ratio of 0.36 and a beta of 0.55. The business’s 50 day moving average is $257.59 and its 200 day moving average is $228.76. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.39.

Valero Energy (NYSE:VLOGet Free Report) last released its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, topping the consensus estimate of $3.16 by $1.06. The company 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%.Valero Energy’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the business posted $0.89 EPS. Sell-side analysts predict that Valero Energy Corporation will post 32.04 EPS for the current year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, July 31st will be paid a dividend of $1.20 per share. The ex-dividend date is Friday, July 31st. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. Valero Energy’s dividend payout ratio (DPR) is currently 34.88%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on VLO shares. Barclays increased their target price on Valero Energy from $261.00 to $279.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 1st. Wall Street Zen raised shares of Valero Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 4th. Wolfe Research reissued an “underperform” rating and set a $203.00 target price on shares of Valero Energy in a research note on Tuesday, April 21st. Zacks Research cut shares of Valero Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Wells Fargo & Company raised their price target on shares of Valero Energy from $220.00 to $292.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Valero Energy has an average rating of “Moderate Buy” and an average target price of $253.06.

Get Our Latest Research Report on Valero Energy

Key Headlines 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.

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.

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

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