United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its position in Valero Energy Corporation (NYSE:VLO – Free Report) by 68.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,600 shares of the oil and gas company’s stock after buying an additional 3,100 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Valero Energy were worth $1,237,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. JPL Wealth Management LLC purchased a new position in Valero Energy in the third quarter worth about $27,000. Torren Management LLC purchased a new position in Valero Energy in the fourth quarter worth about $30,000. Triumph Capital Management purchased a new position in Valero Energy in the third quarter worth about $35,000. Physician Wealth Advisors Inc. raised its holdings in shares of Valero Energy by 145.3% during the third 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 during the last quarter. Finally, Accordant Advisory Group Inc raised its holdings in shares of Valero Energy by 194.4% during the fourth quarter. Accordant Advisory Group Inc now owns 212 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 140 shares during the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.
Valero Energy Stock Performance
Shares of NYSE VLO opened at $245.08 on Friday. The firm has a 50 day moving average of $242.80 and a 200 day moving average of $207.03. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $72.77 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 0.36 and a beta of 0.58. Valero Energy Corporation has a 12-month low of $125.10 and a 12-month high of $263.75.
Valero Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Thursday, May 21st will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, May 21st. Valero Energy’s payout ratio is 34.88%.
Wall Street Analyst Weigh In
VLO has been the subject of several research reports. Barclays boosted their price objective on shares of Valero Energy from $184.00 to $261.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. The Goldman Sachs Group boosted their price objective on shares of Valero Energy from $203.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, March 12th. UBS Group boosted their price objective on shares of Valero Energy from $215.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Citigroup boosted 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, Weiss Ratings raised shares of Valero Energy from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 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 assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $243.65.
Read Our Latest Analysis on Valero Energy
Insider Transactions at Valero Energy
In related news, SVP Eric A. Fisher sold 400 shares of the business’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.36% of the company’s stock.
About Valero Energy
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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