Riposte Capital LLC Takes Position in Valero Energy Corporation $VLO

Riposte Capital LLC acquired a new stake in shares of Valero Energy Corporation (NYSE:VLOFree Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 40,000 shares of the oil and gas company’s stock, valued at approximately $9,883,000. Valero Energy makes up 2.5% of Riposte Capital LLC’s portfolio, making the stock its 13th largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VLO. Whipplewood Advisors LLC lifted its position in shares of Valero Energy by 3,400.0% during the 1st quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock worth $26,000 after buying an additional 102 shares in the last quarter. Financial Life Planners purchased a new position in shares of Valero Energy in the 1st quarter worth about $28,000. Valued Wealth Advisors LLC grew its position in Valero Energy by 134.0% during the first quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 67 shares during the period. Global Assets Advisory LLC purchased a new position in Valero Energy in the first quarter valued at about $33,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Valero Energy during the 3rd quarter worth approximately $27,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Eric A. Fisher sold 7,500 shares of the firm’s stock in a transaction that occurred 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 document filed with the SEC, which can be accessed through the SEC website. 0.36% of the stock is currently owned by company insiders.

Valero Energy Stock Down 1.8%

Shares of NYSE:VLO opened at $299.32 on Wednesday. Valero Energy Corporation has a 12-month low of $130.78 and a 12-month high of $320.24. The stock has a market capitalization of $88.88 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 0.20 and a beta of 0.55. The stock has a fifty day simple moving average of $266.89 and a two-hundred day simple moving average of $236.48. 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:VLOGet Free Report) last released its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $1.06. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The business had revenue of $32.38 billion during the quarter, compared to analyst estimates of $31.38 billion. During the same period last year, the business earned $0.89 EPS. Valero Energy’s revenue was up 7.0% compared to the same quarter last year. On average, research analysts anticipate that Valero Energy Corporation will post 36.46 earnings per share 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. Stockholders of record on Friday, July 31st will be paid a $1.20 dividend. The ex-dividend date is Friday, July 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. Valero Energy’s payout ratio is currently 34.88%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. UBS Group reiterated a “buy” rating and set a $280.00 price target on shares of Valero Energy in a research note on Thursday, June 11th. Wells Fargo & Company increased their target price on Valero Energy from $220.00 to $292.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Citigroup increased their price objective on Valero Energy from $259.00 to $302.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Morgan Stanley increased their price target on shares of Valero Energy from $232.00 to $255.00 and gave the stock an “equal weight” rating in a report on Friday, June 12th. Finally, BMO Capital Markets upped their target price on shares of Valero Energy from $230.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Valero Energy presently has an average rating of “Moderate Buy” and an average target price of $266.71.

Get Our Latest Analysis on Valero Energy

Valero Energy News Summary

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About Valero Energy

(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.

See Also

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

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