Valero Energy Corporation $VLO Shares Acquired by Geneva Partners LLC

Geneva Partners LLC lifted its position in shares of Valero Energy Corporation (NYSE:VLO) by 19.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 26,122 shares of the oil and gas company’s stock after buying an additional 4,172 shares during the period. Valero Energy accounts for approximately 1.8% of Geneva Partners LLC’s portfolio, making the stock its 25th largest holding. Geneva Partners LLC’s holdings in Valero Energy were worth $6,803,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC raised its holdings in Valero Energy by 3,400.0% in the 1st quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 102 shares during the last quarter. Financial Life Planners purchased a new position in shares of Valero Energy during the 1st quarter worth $28,000. Valued Wealth Advisors LLC boosted its holdings in shares of Valero Energy by 134.0% during the first 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 last quarter. Global Assets Advisory LLC acquired a new stake in shares of Valero Energy during the first quarter worth $33,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Valero Energy in the third quarter valued at $27,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Stock Down 1.2%

Shares of NYSE VLO opened at $345.99 on Thursday. The stock has a fifty day moving average price of $289.39 and a 200 day moving average price of $251.90. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 0.37. Valero Energy Corporation has a 12-month low of $137.88 and a 12-month high of $351.00. The company has a market cap of $99.62 billion, a P/E ratio of 14.36, a P/E/G ratio of 0.23 and a beta of 0.55.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 EPS for the quarter, topping analysts’ consensus estimates of $10.11 by $2.43. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%.The company had revenue of $44.48 billion for the quarter, compared to analysts’ expectations of $39.47 billion. During the same quarter in the previous year, the firm posted $2.28 earnings per share. The firm’s quarterly revenue was up 48.8% on a year-over-year basis. Research analysts anticipate that Valero Energy Corporation will post 40.62 EPS for the current fiscal year.

Valero Energy Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 1.4%. Valero Energy’s payout ratio is 19.92%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Zacks Research upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Morgan Stanley lifted their price target on Valero Energy from $232.00 to $255.00 and gave the company an “equal weight” rating in a report on Friday, June 12th. Scotiabank upped their price objective on shares of Valero Energy from $178.00 to $226.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Weiss Ratings upgraded shares of Valero Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 6th. Finally, TD Cowen raised their target price on shares of Valero Energy from $338.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Two 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 given a Sell rating to the stock. According to MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

Insiders Place Their Bets

In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the company’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 value 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 represents a 27.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is currently owned by corporate insiders.

Valero Energy Company Profile

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.