Paradiem LLC cut its position in shares of Valero Energy Corporation (NYSE:VLO – Free Report) by 27.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 70,511 shares of the oil and gas company’s stock after selling 27,266 shares during the period. Valero Energy comprises approximately 3.8% of Paradiem LLC’s investment portfolio, making the stock its 2nd biggest holding. Paradiem LLC’s holdings in Valero Energy were worth $17,422,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in VLO. Whipplewood Advisors LLC raised its holdings in shares of Valero Energy by 3,400.0% during the 1st quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 102 shares in the last quarter. Financial Life Planners bought a new position in shares of Valero Energy during the 1st quarter valued at approximately $28,000. Valued Wealth Advisors LLC grew 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. Global Assets Advisory LLC purchased a new position in shares of Valero Energy in the first quarter valued at $33,000. Finally, JPL Wealth Management LLC bought a new stake in Valero Energy in the third quarter worth $27,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.
Insider Buying and Selling
In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the stock in a transaction 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 sale, the senior vice president owned 19,742 shares in the company, valued at $5,294,212.14. This trade represents a 27.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.36% of the stock is owned by company insiders.
Trending Headlines about Valero Energy
- Positive Sentiment: Valero’s Gulf Coast refining network is benefiting from strong fuel demand, elevated crack spreads, and rising exports, which should support refining profitability. Strong Fuel Demand & Elevated Crack Spreads Support Valero’s Outlook
- Positive Sentiment: Valero’s recent Russell reclassification into larger-cap and growth benchmarks may be drawing incremental index demand for the stock, while lower crude costs can help preserve refining margins. Why Valero (VLO) Is Up 5.0% After Russell Reclassification And Refining Margin Tailwinds
- Positive Sentiment: Renewed Middle East tensions and rising oil prices are keeping refining margins in focus, which can be supportive for Valero if crude costs remain softer than product prices. Can Valero Energy Benefit From Renewed Middle East Tensions?
- Neutral Sentiment: Valero is also being highlighted as a trending stock, which signals elevated investor attention but does not by itself change fundamentals. Valero Energy Corporation (VLO) Is a Trending Stock: Facts to Know Before Betting on It
Wall Street Analysts Forecast Growth
Several equities analysts have commented on VLO shares. Barclays increased their price objective on shares of Valero Energy from $261.00 to $279.00 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Zacks Research downgraded shares of Valero Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Morgan Stanley upped their target price on shares of Valero Energy from $232.00 to $255.00 and gave the company an “equal weight” rating in a research report on Friday, June 12th. Piper Sandler lifted their price target on Valero Energy from $236.00 to $263.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Finally, Raymond James Financial boosted their price objective on Valero Energy from $215.00 to $290.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $247.59.
Check Out Our Latest Stock Analysis on Valero Energy
Valero Energy Stock Performance
Shares of NYSE:VLO opened at $280.54 on Monday. 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 $130.78 and a 12 month high of $287.05. The company has a market capitalization of $83.30 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 0.35 and a beta of 0.55. The firm’s 50-day moving average is $253.35 and its 200 day moving average is $224.99.
Valero Energy (NYSE:VLO – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $31.38 billion. During the same quarter last year, the firm earned $0.89 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Research analysts predict that Valero Energy Corporation will post 31.04 EPS for the current year.
Valero Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, May 21st were issued a dividend of $1.20 per share. The ex-dividend date was Thursday, May 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. Valero Energy’s payout ratio is presently 34.88%.
Valero Energy Company 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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