NEOS Investment Management LLC Has $13.05 Million Position in Valero Energy Corporation $VLO

NEOS Investment Management LLC raised its stake in shares of Valero Energy Corporation (NYSE:VLOFree Report) by 15.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 50,105 shares of the oil and gas company’s stock after purchasing an additional 6,649 shares during the quarter. NEOS Investment Management LLC’s holdings in Valero Energy were worth $13,049,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Woodline Partners LP increased its stake in shares of Valero Energy by 40.7% in 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 boosted its stake in Valero Energy by 13.0% during the 2nd 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 during the period. Gamco Investors INC. ET AL acquired a new stake in Valero Energy in the 2nd quarter valued at approximately $528,000. Sei Investments Co. increased its position 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 worth $36,165,000 after buying an additional 27,291 shares during the period. Finally, Treasurer of the State of North Carolina lifted its holdings in shares of Valero Energy by 0.9% during the second 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 during the last quarter. Institutional investors own 78.69% of the company’s stock.

Insider Activity

In related news, SVP Eric Fisher sold 7,500 shares of the firm’s 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.36% of the company’s stock.

Valero Energy Trading Up 0.1%

Shares of VLO stock opened at $370.94 on Friday. Valero Energy Corporation has a 52-week low of $153.20 and a 52-week high of $375.11. The stock has a market cap of $106.80 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 0.42 and a beta of 0.57. 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 firm has a fifty day moving average of $315.25 and a 200-day moving average of $264.85.

Valero Energy (NYSE:VLOGet Free Report) last issued its earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share for the quarter, beating the consensus estimate of $10.11 by $2.43. The business had revenue of $44.48 billion for the quarter, compared to analyst estimates of $39.47 billion. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The firm’s revenue was up 48.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.28 EPS. On average, equities research analysts forecast that Valero Energy Corporation will post 40.7 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, July 31st were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, July 31st. Valero Energy’s dividend payout ratio is currently 19.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on VLO shares. Mizuho boosted their target price on shares of Valero Energy from $289.00 to $300.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. The Goldman Sachs Group boosted their price objective on shares of Valero Energy from $286.00 to $357.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Weiss Ratings raised shares of Valero Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 6th. TD Cowen increased their target price on shares of Valero Energy from $338.00 to $350.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Finally, Piper Sandler lifted their target price on Valero Energy from $329.00 to $435.00 and gave the stock an “overweight” rating in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $296.18.

Check Out Our Latest Stock Analysis on VLO

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.

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

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