Vista Investment Partners LLC Purchases 2,240 Shares of Valero Energy Corporation $VLO

Vista Investment Partners LLC increased its holdings in Valero Energy Corporation (NYSE:VLOFree Report) by 190.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,418 shares of the oil and gas company’s stock after acquiring an additional 2,240 shares during the quarter. Vista Investment Partners LLC’s holdings in Valero Energy were worth $890,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VLO. Whipplewood Advisors LLC increased its position in Valero Energy by 3,400.0% during the 1st quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 102 shares during the period. Financial Life Planners bought a new stake in shares of Valero Energy in the 1st quarter valued at about $28,000. Valued Wealth Advisors LLC lifted its position in shares of Valero Energy by 134.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 67 shares during the period. Global Assets Advisory LLC purchased a new stake in shares of Valero Energy in the 1st quarter worth approximately $33,000. Finally, JPL Wealth Management LLC bought a new position in shares of Valero Energy during the third quarter valued at approximately $27,000. 78.69% of the stock is currently owned by institutional investors.

Key Valero Energy News

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

Insider Activity

In other news, SVP Eric A. Fisher sold 7,500 shares of the stock in a transaction 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on VLO shares. Morgan Stanley lifted their price objective on shares of Valero Energy from $232.00 to $255.00 and gave the company an “equal weight” rating in a report on Friday, June 12th. Barclays upped their target price on Valero Energy from $279.00 to $323.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Wolfe Research reaffirmed an “underperform” rating and set a $203.00 target price on shares of Valero Energy in a research report on Tuesday, April 21st. Scotiabank lifted their price target on Valero Energy from $178.00 to $226.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Finally, Wells Fargo & Company boosted their price target on Valero Energy from $292.00 to $356.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Valero Energy has an average rating of “Moderate Buy” and a consensus target price of $288.00.

Get Our Latest Report on VLO

Valero Energy Stock Down 0.1%

Shares of Valero Energy stock opened at $297.94 on Monday. The firm’s 50 day moving average price is $276.61 and its 200-day moving average price is $243.32. 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 52-week low of $130.78 and a 52-week high of $320.24. The company has a market cap of $88.47 billion, a P/E ratio of 12.36, a PEG ratio of 0.20 and a beta of 0.55.

Valero Energy (NYSE:VLOGet Free Report) last posted its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 EPS for the quarter, topping the consensus estimate of $10.11 by $2.43. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The firm had revenue of $44.48 billion during the quarter, compared to analyst estimates of $39.47 billion. During the same quarter in the previous year, the business posted $2.28 EPS. Valero Energy’s revenue was up 48.8% on a year-over-year basis. On average, sell-side analysts predict that Valero Energy Corporation will post 39.55 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders 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 dividend yield of 1.6%. Valero Energy’s dividend payout ratio is presently 19.92%.

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.

See Also

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

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