Steadtrust LLC Acquires Shares of 2,040 Valero Energy Corporation $VLO

Steadtrust LLC purchased a new stake in Valero Energy Corporation (NYSE:VLOFree Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,040 shares of the oil and gas company’s stock, valued at approximately $531,000.

Several other hedge funds also recently made changes to their positions in VLO. Woodline Partners LP lifted its holdings in 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 valued at $3,532,000 after acquiring an additional 7,735 shares during the period. Sivia Capital Partners LLC boosted its position in Valero Energy by 13.0% during the second quarter. Sivia Capital Partners LLC now owns 1,929 shares of the oil and gas company’s stock worth $259,000 after acquiring an additional 222 shares during the last quarter. Gamco Investors INC. ET AL purchased a new stake in shares of Valero Energy in the second quarter valued at $528,000. Sei Investments Co. increased its stake in shares of Valero Energy by 11.3% during the 2nd quarter. Sei Investments Co. now owns 269,043 shares of the oil and gas company’s stock valued at $36,165,000 after acquiring an additional 27,291 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its position in 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 purchasing an additional 1,338 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Down 0.1%

Shares of Valero Energy stock opened at $297.94 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 0.37. Valero Energy Corporation has a 12-month low of $130.78 and a 12-month high of $320.24. The firm has a market capitalization of $88.47 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 0.20 and a beta of 0.55. The stock’s fifty day moving average is $276.61 and its 200-day moving average is $243.32.

Valero Energy (NYSE:VLOGet Free Report) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $12.54 EPS for the quarter, beating the consensus estimate of $10.11 by $2.43. The business had revenue of $44.48 billion during the quarter, compared to the consensus estimate of $39.47 billion. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The firm’s quarterly revenue was up 48.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.28 EPS. Equities analysts anticipate that Valero Energy Corporation will post 39.55 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently disclosed 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 of this dividend is Friday, July 31st. This represents a $4.80 dividend on an annualized basis and a yield of 1.6%. Valero Energy’s payout ratio is presently 19.92%.

Insider Activity at Valero Energy

In other news, SVP Eric A. Fisher sold 7,500 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $268.17, for a total value of $2,011,275.00. Following the transaction, the senior vice president directly owned 19,742 shares of the company’s stock, valued at approximately $5,294,212.14. This represents a 27.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.36% of the stock is currently owned by corporate insiders.

Key Valero Energy News

Here are the key news stories impacting Valero Energy this week:

Analyst Upgrades and Downgrades

Several equities research analysts have commented on VLO shares. Citigroup upped their price target on Valero Energy from $259.00 to $302.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. TD Cowen lifted their price target on Valero Energy from $338.00 to $350.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Zacks Research upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Wolfe Research reiterated an “underperform” rating and issued a $203.00 target price on shares of Valero Energy in a research note on Tuesday, April 21st. Finally, Piper Sandler reiterated an “overweight” rating and set a $329.00 price objective on shares of Valero Energy in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and a consensus price target of $288.00.

View Our Latest Report on VLO

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.

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

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