Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Valero Energy Corporation (NYSE:VLO – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 85,126 shares of the oil and gas company’s stock, valued at approximately $21,033,000.
A number of other large investors also recently made changes to their positions in VLO. Woodline Partners LP boosted its holdings in shares of Valero Energy by 40.7% during the first quarter. Woodline Partners LP now owns 26,747 shares of the oil and gas company’s stock worth $3,532,000 after purchasing an additional 7,735 shares during the period. Sivia Capital Partners LLC grew its position in Valero Energy by 13.0% during the second quarter. Sivia Capital Partners LLC now owns 1,929 shares of the oil and gas company’s stock valued at $259,000 after purchasing an additional 222 shares in the last quarter. Gamco Investors INC. ET AL acquired a new position in Valero Energy in the 2nd quarter valued at approximately $528,000. Sei Investments Co. increased its stake in Valero Energy by 11.3% in the 2nd quarter. Sei Investments Co. now owns 269,043 shares of the oil and gas company’s stock valued at $36,165,000 after buying an additional 27,291 shares during the period. Finally, Treasurer of the State of North Carolina lifted its position in Valero Energy by 0.9% in the 2nd quarter. Treasurer of the State of North Carolina now owns 145,810 shares of the oil and gas company’s stock worth $19,600,000 after buying an additional 1,338 shares in the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.
Valero Energy News Roundup
Here are the key news stories impacting Valero Energy this week:
- Positive Sentiment: Valero declared a regular quarterly cash dividend of $1.20 per share, reinforcing its shareholder-return profile and signaling confidence in cash generation. Valero Energy Corporation Declares Regular Cash Dividend on Common Stock
- Positive Sentiment: Analyst-related coverage suggested Valero could run higher on rising earnings estimates, which typically supports the stock by pointing to improving profit expectations. Can Valero Energy (VLO) Run Higher on Rising Earnings Estimates?
- Positive Sentiment: Multiple reports said VLO hit a new 52-week high after an analyst upgrade, suggesting Wall Street sentiment has turned more constructive and helped extend the stock’s recent strength. Valero Energy (NYSE:VLO) Sets New 12-Month High Following Analyst Upgrade
- Neutral Sentiment: There was also unusual options activity, with traders buying more put options than normal, which may indicate hedging or caution, but does not by itself explain a major fundamental shift.
- Neutral Sentiment: Broader refining-margin commentary for the sector was supportive overall, but it was focused on Marathon Petroleum rather than Valero specifically.
Valero Energy Price Performance
Valero Energy (NYSE:VLO – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, topping the consensus estimate 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%. Valero Energy’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.89 EPS. As a group, equities analysts predict that Valero Energy Corporation will post 32.04 earnings per share for the current fiscal 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 $1.20 dividend. The ex-dividend date was Thursday, May 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.6%. Valero Energy’s dividend payout ratio is currently 34.88%.
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 shares were sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the transaction, the senior vice president directly owned 19,742 shares of the company’s stock, valued at $5,294,212.14. This represents a 27.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.36% of the stock is owned by insiders.
Analyst Ratings Changes
VLO has been the subject of a number of research reports. TD Cowen lifted their target price on shares of Valero Energy from $276.00 to $292.00 and gave the company a “hold” rating in a research note on Monday, June 29th. Scotiabank upped their price target on shares of Valero Energy from $178.00 to $226.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. BMO Capital Markets increased their price objective on Valero Energy from $230.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Wolfe Research reissued an “underperform” rating and set a $203.00 price objective on shares of Valero Energy in a research report on Tuesday, April 21st. Finally, Citigroup boosted their target price on Valero Energy from $259.00 to $302.00 and gave the company a “neutral” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $253.06.
Read Our Latest Stock Report on Valero Energy
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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