Deutsche Bank AG cut its stake in shares of Valero Energy Corporation (NYSE:VLO – Free Report) by 12.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 845,326 shares of the oil and gas company’s stock after selling 116,711 shares during the quarter. Deutsche Bank AG’s holdings in Valero Energy were worth $220,157,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the company. Sierra Summit Advisors LLC boosted its position in Valero Energy by 2,325.2% in the fourth quarter. Sierra Summit Advisors LLC now owns 36,378 shares of the oil and gas company’s stock valued at $5,922,000 after buying an additional 34,878 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Valero Energy by 846.9% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,752 shares of the oil and gas company’s stock worth $2,401,000 after buying an additional 13,194 shares during the period. North Dakota State Investment Board purchased a new position in Valero Energy during the 4th quarter worth approximately $1,743,000. Fort Washington Investment Advisors Inc. OH raised its position in Valero Energy by 4.2% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 192,430 shares of the oil and gas company’s stock worth $47,546,000 after buying an additional 7,702 shares during the last quarter. Finally, Dymon Asia Capital Singapore PTE. LTD. acquired a new stake in Valero Energy during the 4th quarter valued at approximately $2,268,000. 78.69% of the stock is owned by institutional investors and hedge funds.
Valero Energy Stock Up 0.9%
VLO opened at $350.14 on Wednesday. Valero Energy Corporation has a fifty-two week low of $136.87 and a fifty-two week high of $351.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.23 and a current ratio of 1.64. The company has a fifty day moving average of $287.63 and a two-hundred day moving average of $250.74. The stock has a market capitalization of $100.82 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 0.23 and a beta of 0.55.
Valero Energy Announces Dividend
The firm 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. The ex-dividend date of this dividend is Friday, July 31st. This represents a $4.80 dividend on an annualized basis and a yield of 1.4%. Valero Energy’s dividend payout ratio is presently 19.92%.
Analysts Set New Price Targets
Several analysts have recently commented on VLO shares. TD Cowen upped their price objective on shares of Valero Energy from $338.00 to $350.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Jefferies Financial Group set a $350.00 target price on shares of Valero Energy in a report on Monday, August 3rd. Weiss Ratings upgraded shares of Valero Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 6th. Wolfe Research reaffirmed an “underperform” rating and issued a $203.00 price target on shares of Valero Energy in a report on Tuesday, April 21st. Finally, Barclays increased their price target on Valero Energy from $279.00 to $323.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $288.00.
Get Our Latest Report on Valero Energy
Valero Energy News Summary
Here are the key news stories impacting Valero Energy this week:
- Positive Sentiment: Record diesel prices are creating an attractive margin environment for refiners. Valero is identified among the companies positioned to benefit as fuel prices diverge from crude oil prices, potentially supporting near-term profits. Diesel Prices Are Breaking Records: 3 Refiners Turning the Crisis Into Record Profits
- Positive Sentiment: Gasoline prices above $4 per gallon are supporting the outlook for refiners capable of capturing strong fuel margins. Valero was included among refining stocks viewed favorably in this environment. 4 Refining Stocks to Buy as Gas Prices Top $4 a Gallon
- Positive Sentiment: Analysts are raising earnings estimates for Valero, a trend that could provide additional support for the stock after its recent gains. Earnings Estimates Moving Higher for Valero Energy
- Positive Sentiment: VLO was added to multiple Zacks Rank #1 (Strong Buy) lists, including value, growth and overall Strong Buy screens. These rankings may attract additional buying from quantitative and momentum-focused investors. New Strong Buy Stocks for August 17th
- Neutral Sentiment: Unusually heavy put-option activity suggests some traders are positioning for downside or hedging existing holdings. Investors purchased 23,642 puts, about 179% above typical volume, but options activity alone does not establish a fundamental change in Valero’s outlook. Investors Purchase Large Volume of Put Options on Valero Energy
Insiders Place Their Bets
In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $5,294,212.14. This 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 this hyperlink. Insiders own 0.36% of the company’s stock.
Valero Energy Profile
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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