7,137 Shares in Valero Energy Co. (VLO) Purchased by Belpointe Asset Management LLC
Belpointe Asset Management LLC acquired a new position in Valero Energy Co. (NYSE:VLO) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,137 shares of the oil and gas company’s stock, valued at approximately $549,000.
Several other large investors have also modified their holdings of VLO. Stifel Financial Corp grew its stake in shares of Valero Energy by 4,916.0% in the 3rd quarter. Stifel Financial Corp now owns 1,378,101 shares of the oil and gas company’s stock worth $106,014,000 after buying an additional 1,350,627 shares in the last quarter. FMR LLC grew its stake in shares of Valero Energy by 146.1% in the 2nd quarter. FMR LLC now owns 2,224,590 shares of the oil and gas company’s stock worth $150,071,000 after buying an additional 1,320,524 shares in the last quarter. BlackRock Inc. grew its stake in shares of Valero Energy by 2.8% in the 2nd quarter. BlackRock Inc. now owns 39,298,010 shares of the oil and gas company’s stock worth $2,651,044,000 after buying an additional 1,080,617 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Valero Energy by 1,780.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,127,141 shares of the oil and gas company’s stock worth $76,039,000 after buying an additional 1,067,201 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of Valero Energy by 88.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,138,646 shares of the oil and gas company’s stock worth $144,273,000 after buying an additional 1,005,206 shares in the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.
In related news, Director Stephen M. Waters sold 656 shares of Valero Energy stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $75.86, for a total transaction of $49,764.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Philip J. Pfeiffer sold 1,500 shares of Valero Energy stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $81.42, for a total transaction of $122,130.00. The disclosure for this sale can be found here. Insiders have sold a total of 57,768 shares of company stock valued at $4,248,831 in the last quarter. 0.45% of the stock is currently owned by company insiders.
VLO has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research note on Monday, October 16th. ValuEngine raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Royal Bank of Canada reaffirmed a “buy” rating and set a $77.00 price target on shares of Valero Energy in a research note on Thursday, August 31st. Jefferies Group dropped their price target on shares of Valero Energy from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, August 23rd. Finally, Citigroup lifted their price target on shares of Valero Energy from $68.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the stock. Valero Energy currently has an average rating of “Hold” and a consensus target price of $79.28.
Shares of Valero Energy Co. (NYSE VLO) traded up $0.03 on Friday, reaching $87.48. 3,635,700 shares of the company were exchanged, compared to its average volume of 4,018,403. Valero Energy Co. has a one year low of $60.69 and a one year high of $88.43. The company has a market cap of $38,266.46, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. The company has a quick ratio of 1.24, a current ratio of 1.91 and a debt-to-equity ratio of 0.39.
Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.08. Valero Energy had a net margin of 2.33% and a return on equity of 9.87%. The company had revenue of $23.56 billion during the quarter, compared to analyst estimates of $19.42 billion. During the same quarter last year, the business posted $1.24 EPS. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. equities analysts predict that Valero Energy Co. will post 4.92 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st were issued a dividend of $0.70 per share. The ex-dividend date was Monday, November 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.20%. Valero Energy’s payout ratio is 60.48%.
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Valero Energy Company Profile
Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.
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