Denali Advisors LLC Sells 2,004 Shares of Valero Energy Corporation $VLO

Denali Advisors LLC cut its position in Valero Energy Corporation (NYSE:VLOFree Report) by 41.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,800 shares of the oil and gas company’s stock after selling 2,004 shares during the quarter. Denali Advisors LLC’s holdings in Valero Energy were worth $729,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of VLO. Sierra Summit Advisors LLC lifted its holdings in shares of Valero Energy by 2,325.2% during the 4th quarter. Sierra Summit Advisors LLC now owns 36,378 shares of the oil and gas company’s stock valued at $5,922,000 after purchasing an additional 34,878 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in Valero Energy by 846.9% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,752 shares of the oil and gas company’s stock worth $2,401,000 after buying an additional 13,194 shares during the last quarter. North Dakota State Investment Board acquired a new position in Valero Energy during the 4th quarter valued at about $1,743,000. Fort Washington Investment Advisors Inc. OH increased its position in Valero Energy by 4.2% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 192,430 shares of the oil and gas company’s stock valued at $47,546,000 after buying an additional 7,702 shares in the last quarter. Finally, Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in Valero Energy in the fourth quarter valued at about $2,268,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Valero Energy

In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the transaction, the senior vice president owned 19,742 shares in the company, valued at approximately $5,294,212.14. This represents a 27.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings upgraded Valero Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. UBS Group increased their price objective on shares of Valero Energy from $280.00 to $355.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Morgan Stanley lifted their target price on shares of Valero Energy from $232.00 to $255.00 and gave the stock an “equal weight” rating in a research note on Friday, June 12th. Citigroup boosted their target price on shares of Valero Energy from $259.00 to $302.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Finally, Jefferies Financial Group set a $350.00 price target on shares of Valero Energy in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $288.00.

Read Our Latest Stock Analysis on Valero Energy

Valero Energy Stock Performance

Shares of NYSE VLO opened at $341.30 on Friday. Valero Energy Corporation has a 1 year low of $137.88 and a 1 year high of $352.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.23 and a current ratio of 1.64. The company’s fifty day moving average price is $291.11 and its 200 day moving average price is $253.02. The company has a market capitalization of $98.27 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 0.23 and a beta of 0.55.

Valero Energy (NYSE:VLOGet Free Report) last issued its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share for the quarter, topping analysts’ consensus estimates of $10.11 by $2.43. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The business had revenue of $44.48 billion during the quarter, compared to the consensus estimate of $39.47 billion. During the same quarter in the prior year, the firm posted $2.28 earnings per share. The company’s revenue was up 48.8% compared to the same quarter last year. On average, research analysts predict that Valero Energy Corporation will post 40.62 earnings per share for the current year.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, July 31st will be issued a $1.20 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $4.80 dividend on an annualized basis and a yield of 1.4%. Valero Energy’s dividend payout ratio is presently 19.92%.

About Valero Energy

(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

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

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