Cumberland Partners Ltd purchased a new stake in shares of Valero Energy Corporation (NYSE:VLO – Free Report) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 4,600 shares of the oil and gas company’s stock, valued at approximately $1,137,000.
A number of other hedge funds have also recently added to or reduced their stakes in VLO. Beacon Investment Advisory Services Inc. increased its position in Valero Energy by 33.5% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 42,376 shares of the oil and gas company’s stock worth $6,898,000 after buying an additional 10,634 shares during the last quarter. Friedenthal Financial acquired a new stake in shares of Valero Energy in the fourth quarter worth about $954,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Valero Energy by 24.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 565,171 shares of the oil and gas company’s stock worth $92,004,000 after acquiring an additional 112,118 shares in the last quarter. Whittier Trust Co. increased its holdings in shares of Valero Energy by 2.8% during the 4th quarter. Whittier Trust Co. now owns 212,104 shares of the oil and gas company’s stock valued at $37,812,000 after acquiring an additional 5,694 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in shares of Valero Energy during the 4th quarter valued at about $1,079,000. Institutional investors and hedge funds own 78.69% of the company’s stock.
Valero Energy Trading Down 0.9%
Valero Energy stock opened at $302.48 on Friday. Valero Energy Corporation has a 52 week low of $130.78 and a 52 week high of $320.24. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.15 and a current ratio of 1.58. The firm has a market capitalization of $89.81 billion, a PE ratio of 21.98, a PEG ratio of 0.21 and a beta of 0.55. The business’s 50-day simple moving average is $265.22 and its 200-day simple moving average is $234.39.
Valero Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, July 31st will be given 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 is currently 34.88%.
Insider Buying and Selling at Valero Energy
In other news, SVP Eric A. Fisher sold 7,500 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $268.17, for a total value of $2,011,275.00. Following the sale, the senior vice president owned 19,742 shares in the company, valued at approximately $5,294,212.14. This trade represents a 27.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company’s stock.
Valero Energy News Roundup
Here are the key news stories impacting Valero Energy this week:
- Positive Sentiment: Goldman Sachs raised its price target on Valero Energy to $357 from a prior level, reinforcing a bullish view and suggesting additional upside from current levels. The Goldman Sachs Group Increases Valero Energy (NYSE:VLO) Price Target to $357.00
- Positive Sentiment: Piper Sandler reaffirmed its overweight rating and set a $329 price target, signaling continued confidence in Valero’s refining business and valuation. Valero Energy had its “overweight” rating reaffirmed by Piper Sandler
- Positive Sentiment: Valero’s board affirmed its regular quarterly dividend of $1.20 per share, which supports the stock’s appeal for income-focused investors and may be contributing to recent momentum. Valero Energy (VLO) Eyes Earnings And Crude Supply Shifts, Is The Stock Fully Priced?
- Positive Sentiment: Zacks highlighted Valero as a strong momentum stock, reflecting technical strength that can attract traders and trend-following investors. Here’s Why Valero Energy (VLO) is a Strong Momentum Stock
- Neutral Sentiment: Analysts expect Valero’s earnings to grow when it reports next week, but Zacks also said the setup does not look especially favorable for an earnings beat, creating a mixed near-term outlook. Valero Energy (VLO) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
- Neutral Sentiment: Valero was noted to be attracting unusually high investor attention on Zacks, which indicates rising interest but does not by itself change the fundamentals. Valero Energy Corporation (VLO) is Attracting Investor Attention: Here is What You Should Know
- Negative Sentiment: One report said Valero underperformed peers on Thursday, suggesting some short-term profit-taking or relative weakness versus other refiners. Valero Energy Corp. stock underperforms Thursday when compared to competitors
Analyst Ratings Changes
Several research firms recently weighed in on VLO. Wolfe Research restated an “underperform” rating and issued a $203.00 target price on shares of Valero Energy in a report on Tuesday, April 21st. Piper Sandler reiterated an “overweight” rating and set a $329.00 price target on shares of Valero Energy in a report on Thursday. BMO Capital Markets lifted their price target on shares of Valero Energy from $230.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Wells Fargo & Company boosted their price objective 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. Finally, Citigroup upped their price objective on shares of Valero Energy from $259.00 to $302.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $266.71.
Check Out Our Latest Stock Report on VLO
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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