3,800 Shares in Valero Energy Corporation $VLO Purchased by SCP Investment LP

SCP Investment LP purchased a new position in Valero Energy Corporation (NYSE:VLO) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,800 shares of the oil and gas company’s stock, valued at approximately $511,000. Valero Energy comprises 0.4% of SCP Investment LP’s investment portfolio, making the stock its 28th largest position.

Several other large investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its stake in shares of Valero Energy by 10.0% in the first quarter. Cetera Investment Advisers now owns 104,486 shares of the oil and gas company’s stock valued at $13,800,000 after purchasing an additional 9,471 shares in the last quarter. Assetmark Inc. boosted its position in shares of Valero Energy by 17.3% during the 1st quarter. Assetmark Inc. now owns 1,490 shares of the oil and gas company’s stock valued at $197,000 after acquiring an additional 220 shares in the last quarter. LPL Financial LLC increased its stake in Valero Energy by 3.3% in the first quarter. LPL Financial LLC now owns 472,863 shares of the oil and gas company’s stock valued at $62,451,000 after acquiring an additional 15,323 shares during the period. Mackenzie Financial Corp lifted its stake in Valero Energy by 0.9% during the first quarter. Mackenzie Financial Corp now owns 131,791 shares of the oil and gas company’s stock worth $17,406,000 after purchasing an additional 1,240 shares during the period. Finally, Meeder Advisory Services Inc. grew its stake in shares of Valero Energy by 11.7% in the 1st quarter. Meeder Advisory Services Inc. now owns 6,470 shares of the oil and gas company’s stock valued at $854,000 after purchasing an additional 678 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Insider Activity

In other news, CFO Jason W. Fraser sold 9,933 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $174.02, for a total value of $1,728,540.66. Following the completion of the sale, the chief financial officer directly owned 134,196 shares of the company’s stock, valued at $23,352,787.92. This represents a 6.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.04% of the company’s stock.

Valero Energy Stock Performance

Shares of NYSE:VLO opened at $174.59 on Thursday. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $185.62. The stock has a market capitalization of $53.25 billion, a P/E ratio of 36.45, a P/E/G ratio of 1.77 and a beta of 1.01. The business has a 50-day moving average price of $169.48 and a two-hundred day moving average price of $150.84.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.51. The business had revenue of $32.17 billion during the quarter, compared to the consensus estimate of $28.80 billion. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. Valero Energy’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 earnings per share. Equities analysts predict that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, November 20th will be issued a dividend of $1.13 per share. The ex-dividend date is Thursday, November 20th. This represents a $4.52 dividend on an annualized basis and a yield of 2.6%. Valero Energy’s dividend payout ratio (DPR) is 94.36%.

Analysts Set New Price Targets

Several research analysts have issued reports on VLO shares. Erste Group Bank started coverage on Valero Energy in a research note on Monday, November 10th. They set a “buy” rating for the company. Mizuho boosted their target price on Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Bank of America upgraded Valero Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Raymond James Financial restated a “strong-buy” rating and set a $195.00 target price (up previously from $181.00) on shares of Valero Energy in a report on Friday, October 24th. Finally, Piper Sandler upped their price target on shares of Valero Energy from $201.00 to $223.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $182.00.

About Valero Energy

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.