3,732 Valero Energy Corporation $VLO Shares Bought by North Dakota State Investment Board

North Dakota State Investment Board boosted its holdings in Valero Energy Corporation (NYSE:VLO) by 41.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,771 shares of the oil and gas company’s stock after purchasing an additional 3,732 shares during the quarter. North Dakota State Investment Board’s holdings in Valero Energy were worth $4,950,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Balance Wealth Partners LLC acquired a new stake in Valero Energy during the 3rd quarter worth $32,000. Latitude Advisors LLC purchased a new position in shares of Valero Energy during the third quarter worth approximately $34,000. Cornerstone Financial Management LLC grew its position in shares of Valero Energy by 57.6% during the second quarter. Cornerstone Financial Management LLC now owns 104 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 38 shares during the last quarter. Mascoma Wealth Management LLC increased its holdings in shares of Valero Energy by 1,980.0% in the 3rd quarter. Mascoma Wealth Management LLC now owns 104 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 99 shares during the period. Finally, Whipplewood Advisors LLC increased its holdings in shares of 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 period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on VLO. Morgan Stanley upped their price target on shares of Valero Energy from $255.00 to $411.00 and gave the company an “equal weight” rating in a research report on Monday, September 14th. Bank of America raised their price objective on shares of Valero Energy from $395.00 to $414.00 and gave the stock a “neutral” rating in a research report on Friday, October 2nd. TD Cowen lifted their price objective on shares of Valero Energy from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Thursday, October 22nd. Piper Sandler upped their target price on shares of Valero Energy from $329.00 to $435.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Finally, Jefferies Financial Group reduced their target price on shares of Valero Energy from $401.00 to $394.00 and set a “hold” rating for the company in a report on Thursday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and an average price target of $379.94.

Valero Energy Trading Up 0.3%

Shares of VLO stock opened at $388.39 on Thursday. The business’s 50 day moving average is $395.69 and its two-hundred day moving average is $282.96. Valero Energy Corporation has a twelve month low of $159.90 and a twelve month high of $461.52. The company has a market capitalization of $111.83 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 0.24 and a beta of 0.59. 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 (NYSE:VLO) last released its quarterly earnings results on Thursday, October 22nd. The oil and gas company reported $23.90 EPS for the quarter, topping the consensus estimate of $21.17 by $2.73. Valero Energy had a return on equity of 47.50% and a net margin of 8.44%. The business had revenue of $46.10 billion during the quarter, compared to analysts’ expectations of $42.71 billion. During the same quarter in the prior year, the business earned $3.66 earnings per share. The company’s quarterly revenue was up 43.3% compared to the same quarter last year. Equities analysts forecast that Valero Energy Corporation will post 56.78 EPS for the current year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Tuesday, November 24th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, November 24th. Valero Energy’s dividend payout ratio (DPR) is 10.80%.

Trending Headlines about Valero Energy

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

• Positive Sentiment: Valero maintained its quarterly dividend at $1.20 per share, payable December 21 to shareholders of record November 24. The annualized payout is $4.80 per share, supporting the stock’s income appeal. Valero dividend announcement
• Positive Sentiment: Valero’s latest earnings were exceptionally strong, with quarterly EPS of approximately $23.90 beating consensus and revenue exceeding estimates. The results represented a substantial improvement from the prior-year period, indicating powerful refining economics. Refiner stocks selloff article
• Positive Sentiment: Zacks recently included VLO among its Rank #1 growth stocks, citing strong momentum, earnings surprises and growth projections. Zacks growth stocks article

Valero Energy Profile

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company’s primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.

Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.

In addition to conventional refining, Valero has businesses focused on renewable fuels.