Illinois Municipal Retirement Fund reduced its holdings in Valero Energy Corporation (NYSE:VLO – Free Report) by 9.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,240 shares of the oil and gas company’s stock after selling 4,764 shares during the period. Illinois Municipal Retirement Fund’s holdings in Valero Energy were worth $11,425,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Woodline Partners LP grew its position in Valero Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 26,747 shares of the oil and gas company’s stock worth $3,532,000 after purchasing an additional 7,735 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of Valero Energy by 13.0% in 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 acquired a new stake in Valero Energy during the second quarter worth about $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 valued at $36,165,000 after acquiring an additional 27,291 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings 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 period. Institutional investors and hedge funds own 78.69% of the company’s stock.
Insider Buying and Selling
In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.36% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Report on Valero Energy
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.
Valero Energy Stock Performance
VLO opened at $300.48 on Friday. The firm has a market capitalization of $89.22 billion, a PE ratio of 21.84, a PEG ratio of 0.36 and a beta of 0.55. Valero Energy Corporation has a twelve month low of $130.78 and a twelve month high of $303.64. The firm’s 50-day moving average price is $257.59 and its 200 day moving average price is $228.76. 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 (NYSE:VLO – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $1.06. The company had revenue of $32.38 billion during the quarter, compared to the consensus estimate of $31.38 billion. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. Valero Energy’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS. As a group, sell-side analysts expect that Valero Energy Corporation will post 32.04 EPS for the current fiscal year.
Valero Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, July 31st will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, July 31st. Valero Energy’s dividend payout ratio (DPR) is currently 34.88%.
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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