Leonteq Securities AG Purchases Shares of 16,007 Valero Energy Corporation $VLO

Leonteq Securities AG purchased a new stake in shares of Valero Energy Corporation (NYSE:VLOFree Report) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 16,007 shares of the oil and gas company’s stock, valued at approximately $2,606,000.

Other large investors have also made changes to their positions in the company. Rakuten Investment Management Inc. bought a new stake in shares of Valero Energy during the 3rd quarter valued at about $4,534,000. National Pension Service lifted its position in shares of Valero Energy by 3.6% during the 3rd quarter. National Pension Service now owns 491,134 shares of the oil and gas company’s stock valued at $83,620,000 after buying an additional 17,165 shares in the last quarter. Beacon Investment Advisory Services Inc. lifted its position in shares of Valero Energy by 33.5% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 42,376 shares of the oil and gas company’s stock valued at $6,898,000 after buying an additional 10,634 shares in the last quarter. Barclays PLC lifted its position in shares of Valero Energy by 5.3% during the 3rd quarter. Barclays PLC now owns 4,143,672 shares of the oil and gas company’s stock valued at $705,502,000 after buying an additional 209,597 shares in the last quarter. Finally, Applied Finance Capital Management LLC lifted its position in shares of Valero Energy by 13.7% during the 3rd quarter. Applied Finance Capital Management LLC now owns 115,183 shares of the oil and gas company’s stock valued at $19,612,000 after buying an additional 13,923 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Stock Down 3.3%

NYSE VLO opened at $254.01 on Thursday. The stock’s 50 day moving average is $241.10 and its 200 day moving average is $203.74. 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 Corporation has a 12 month low of $125.10 and a 12 month high of $263.75. The stock has a market cap of $75.42 billion, a PE ratio of 18.46, a P/E/G ratio of 0.36 and a beta of 0.58.

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

Valero Energy Dividend Announcement

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

Insider Buying and Selling

In related news, SVP Eric A. Fisher sold 8,311 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $227.69, for a total value of $1,892,331.59. Following the transaction, the senior vice president directly owned 42,242 shares of the company’s stock, valued at approximately $9,618,080.98. The trade was a 16.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

VLO has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on Valero Energy from $182.00 to $222.00 and gave the company an “equal weight” rating in a research report on Friday, April 24th. Piper Sandler lifted their price objective on Valero Energy from $236.00 to $263.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Zacks Research raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. TD Cowen lifted their price objective on Valero Energy from $255.00 to $276.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Finally, Wall Street Zen raised Valero Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $237.94.

Get Our Latest Analysis on Valero Energy

Valero Energy Company 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.

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

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