Saudi Central Bank boosted its stake in shares of Valero Energy Corporation (NYSE:VLO – Free Report) by 85.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,927 shares of the oil and gas company’s stock after buying an additional 9,669 shares during the period. Saudi Central Bank’s holdings in Valero Energy were worth $5,450,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. Whipplewood Advisors LLC boosted its stake in Valero Energy by 3,400.0% in the 1st quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 102 shares during the period. JPL Wealth Management LLC acquired a new stake in Valero Energy during the 3rd quarter valued at $27,000. Financial Life Planners purchased a new stake in shares of Valero Energy in the first quarter valued at $28,000. Valued Wealth Advisors LLC lifted its holdings in shares of Valero Energy by 134.0% in the first quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 67 shares in the last quarter. Finally, AXS Investments LLC acquired a new stake in shares of Valero Energy in the fourth quarter worth $32,000. 78.69% of the stock is owned by hedge funds and other institutional investors.
Valero Energy Trading Up 0.1%
Valero Energy stock opened at $370.94 on Monday. The company’s fifty day simple moving average is $315.25 and its 200-day simple moving average is $265.31. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 0.37. Valero Energy Corporation has a 12 month low of $153.20 and a 12 month high of $375.11. The stock has a market cap of $106.80 billion, a P/E ratio of 15.39, a P/E/G ratio of 0.42 and a beta of 0.57.
Valero Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, July 31st were given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, July 31st. Valero Energy’s dividend payout ratio is presently 19.92%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on VLO. TD Cowen lifted their price target on Valero Energy from $338.00 to $350.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Erste Group Bank downgraded Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, August 27th. Mizuho raised their price objective on Valero Energy from $289.00 to $300.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Weiss Ratings raised Valero Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Finally, Citigroup upped their target price on Valero Energy from $259.00 to $302.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $296.18.
Check Out Our Latest Report on VLO
Insider Buying and Selling at Valero Energy
In related news, SVP Eric Fisher sold 7,500 shares of the business’s stock in a transaction that occurred on 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 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.36% of the stock is owned by company insiders.
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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