Gallacher Capital Management LLC Purchases New Shares in Valero Energy Corporation $VLO

Gallacher Capital Management LLC acquired a new stake in Valero Energy Corporation (NYSE:VLOFree Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,829 shares of the oil and gas company’s stock, valued at approximately $946,000.

Several other large investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Valero Energy by 0.9% during the fourth quarter. State Street Corp now owns 18,177,191 shares of the oil and gas company’s stock worth $2,959,065,000 after buying an additional 163,975 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Valero Energy by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,950,982 shares of the oil and gas company’s stock valued at $1,945,500,000 after acquiring an additional 63,919 shares in the last quarter. Norges Bank acquired a new position in shares of Valero Energy in the fourth quarter valued at about $1,111,542,000. Franklin Resources Inc. increased its position in Valero Energy by 7.5% during the fourth quarter. Franklin Resources Inc. now owns 5,668,210 shares of the oil and gas company’s stock worth $922,728,000 after acquiring an additional 394,693 shares during the period. Finally, Northern Trust Corp raised its stake in Valero Energy by 0.5% in the 4th quarter. Northern Trust Corp now owns 3,285,161 shares of the oil and gas company’s stock worth $534,791,000 after purchasing an additional 17,336 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Insider Activity

In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 19,742 shares in the company, valued at $5,294,212.14. The trade was a 27.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.36% of the company’s stock.

Key Headlines Impacting Valero Energy

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 Trading Up 2.7%

VLO opened at $300.48 on Friday. Valero Energy Corporation has a twelve month low of $130.78 and a twelve month high of $303.64. The company has a 50-day simple moving average of $257.59 and a 200 day simple moving average of $228.76. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $89.22 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 0.36 and a beta of 0.55.

Valero Energy (NYSE:VLOGet 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 analysts’ consensus estimates of $3.16 by $1.06. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The firm had revenue of $32.38 billion for the quarter, compared to the consensus estimate of $31.38 billion. During the same period in the prior year, the company posted $0.89 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts predict that Valero Energy Corporation will post 32.04 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, July 31st will be given a dividend of $1.20 per share. The ex-dividend date is Friday, July 31st. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. Valero Energy’s dividend payout ratio (DPR) is currently 34.88%.

Analyst Upgrades and Downgrades

VLO has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of Valero Energy from $261.00 to $279.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. 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. Wolfe Research reiterated an “underperform” rating and issued a $203.00 price target on shares of Valero Energy in a research report on Tuesday, April 21st. TD Cowen boosted their price target on Valero Energy from $276.00 to $292.00 and gave the company a “hold” rating in a research note on Monday, June 29th. Finally, Morgan Stanley increased their price target on Valero Energy from $232.00 to $255.00 and gave the stock an “equal weight” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.06.

View Our Latest Report on Valero Energy

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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