10,706 Shares in Valero Energy Corporation $VLO Bought by North Dakota State Investment Board

North Dakota State Investment Board bought a new position in shares of Valero Energy Corporation (NYSE:VLOFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,706 shares of the oil and gas company’s stock, valued at approximately $1,743,000.

Several other institutional investors have also recently made changes to their positions in the business. Soltis Investment Advisors LLC raised its holdings in shares of Valero Energy by 7.2% during the fourth quarter. Soltis Investment Advisors LLC now owns 1,709 shares of the oil and gas company’s stock worth $278,000 after purchasing an additional 115 shares during the last quarter. iA Global Asset Management Inc. raised its holdings in shares of Valero Energy by 200.6% during the fourth quarter. iA Global Asset Management Inc. now owns 30,715 shares of the oil and gas company’s stock worth $5,000,000 after purchasing an additional 20,497 shares during the last quarter. May Hill Capital LLC purchased a new position in shares of Valero Energy during the fourth quarter worth $211,000. Canada Post Corp Registered Pension Plan raised its holdings in shares of Valero Energy by 70.3% during the fourth quarter. Canada Post Corp Registered Pension Plan now owns 8,845 shares of the oil and gas company’s stock worth $1,440,000 after purchasing an additional 3,650 shares during the last quarter. Finally, O Brien Greene & Co. Inc raised its holdings in shares of Valero Energy by 1.2% during the fourth quarter. O Brien Greene & Co. Inc now owns 49,390 shares of the oil and gas company’s stock worth $8,040,000 after purchasing an additional 566 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Key Stories Impacting Valero Energy

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

Insider Activity

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VLO. Wolfe Research reissued an “underperform” rating and set a $203.00 target price on shares of Valero Energy in a report on Tuesday, April 21st. Wells Fargo & Company raised their target price on shares of Valero Energy from $220.00 to $292.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. Piper Sandler raised their target price on shares of Valero Energy from $236.00 to $263.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Citigroup lifted their price objective on shares of Valero Energy from $246.00 to $259.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, Morgan Stanley lifted their price objective on shares of Valero Energy from $182.00 to $222.00 and gave the company an “equal weight” rating in a report on Friday, April 24th. 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $237.94.

Read Our Latest Stock Report on VLO

Valero Energy Stock Up 1.5%

Shares of NYSE VLO opened at $262.43 on Wednesday. The company’s 50-day simple moving average is $240.34 and its 200-day simple moving average is $203.15. Valero Energy Corporation has a 52-week low of $125.10 and a 52-week high of $262.89. The firm has a market cap of $77.92 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 0.36 and a beta of 0.58. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.39.

Valero Energy (NYSE:VLOGet Free Report) last announced its earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $31.38 billion. During the same quarter last year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities analysts predict that Valero Energy Corporation will post 28.26 EPS for the current fiscal year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Thursday, May 21st will be given a $1.20 dividend. The ex-dividend date is Thursday, May 21st. This represents a $4.80 annualized dividend and a dividend yield of 1.8%. Valero Energy’s dividend payout ratio (DPR) is 34.88%.

Valero Energy Profile

(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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