Canada Post Corp Registered Pension Plan Increases Stake in Valero Energy Corporation $VLO

Canada Post Corp Registered Pension Plan raised its position in Valero Energy Corporation (NYSE:VLOFree Report) by 70.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,845 shares of the oil and gas company’s stock after purchasing an additional 3,650 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Valero Energy were worth $1,440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new position in Valero Energy in the 3rd quarter valued at $27,000. Torren Management LLC purchased a new position in Valero Energy in the 4th quarter valued at $30,000. Cypress Capital Management LLC WY purchased a new position in Valero Energy in the 3rd quarter valued at $34,000. Triumph Capital Management purchased a new position in Valero Energy in the 3rd quarter valued at $35,000. Finally, Physician Wealth Advisors Inc. lifted its holdings in Valero Energy by 145.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 211 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Up 3.0%

Shares of NYSE:VLO opened at $258.39 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.15. The firm has a market capitalization of $76.72 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 0.35 and a beta of 0.58. The firm’s 50-day moving average is $239.59 and its two-hundred day moving average is $202.50. Valero Energy Corporation has a 1 year low of $125.10 and a 1 year high of $260.31.

Valero Energy (NYSE:VLOGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.16 by $1.06. The company had revenue of $32.38 billion for the quarter, compared to analyst estimates of $31.38 billion. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 earnings per share. Analysts predict that Valero Energy Corporation will post 28.26 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, May 21st will be paid a dividend of $1.20 per share. The ex-dividend date is Thursday, May 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. Valero Energy’s dividend payout ratio is 34.88%.

Analyst Upgrades and Downgrades

VLO has been the topic of a number of research reports. UBS Group raised their price objective on Valero Energy from $215.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Scotiabank lifted their price target on Valero Energy from $178.00 to $226.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Wells Fargo & Company lifted their price target on Valero Energy from $220.00 to $292.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. The Goldman Sachs Group lifted their price target on Valero Energy from $203.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Finally, Piper Sandler lifted their price target on Valero Energy from $236.00 to $263.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Two equities 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $237.94.

Read Our Latest Report on Valero Energy

Valero Energy News Roundup

Here are the key news stories impacting Valero Energy this week:

Insider Transactions at Valero Energy

In other Valero Energy news, SVP Eric A. Fisher sold 400 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $238.60, for a total transaction of $95,440.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.36% of the stock is owned by company insiders.

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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