Adell Harriman & Carpenter Inc. Buys 2,434 Shares of Valero Energy Corporation $VLO

Adell Harriman & Carpenter Inc. increased its stake in shares of Valero Energy Corporation (NYSE:VLO) by 2.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 89,005 shares of the oil and gas company’s stock after purchasing an additional 2,434 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Valero Energy were worth $14,489,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of VLO. Intrust Bank NA increased its position in shares of Valero Energy by 9.0% in the fourth quarter. Intrust Bank NA now owns 15,660 shares of the oil and gas company’s stock valued at $2,549,000 after acquiring an additional 1,293 shares during the period. Banque Cantonale Vaudoise lifted its holdings in Valero Energy by 7.6% in the 4th quarter. Banque Cantonale Vaudoise now owns 14,379 shares of the oil and gas company’s stock worth $2,341,000 after buying an additional 1,018 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Valero Energy in the 4th quarter worth approximately $1,505,000. Larson Financial Group LLC lifted its stake in Valero Energy by 5.6% in the fourth quarter. Larson Financial Group LLC now owns 6,832 shares of the oil and gas company’s stock worth $1,112,000 after acquiring an additional 365 shares during the period. Finally, Capstone Capital Management Ltd bought a new position in Valero Energy in the 4th quarter worth $980,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Valero Energy

In other news, SVP Eric A. Fisher sold 8,311 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $227.69, for a total transaction of $1,892,331.59. Following the sale, the senior vice president owned 42,242 shares of the company’s stock, valued at $9,618,080.98. This trade represents a 16.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.36% of the company’s stock.

Valero Energy Trading Up 1.5%

Valero Energy stock opened at $262.43 on Wednesday. The company has a market capitalization of $77.92 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 0.36 and a beta of 0.58. The business’s fifty day simple moving average is $240.34 and its two-hundred day simple moving average is $203.15. Valero Energy Corporation has a 12 month low of $125.10 and a 12 month high of $262.89. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.39.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $1.06. The business had revenue of $32.38 billion for the quarter, compared to analysts’ expectations of $31.38 billion. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. As a group, equities analysts predict that Valero Energy Corporation will post 28.26 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, May 21st will be given a $1.20 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. Valero Energy’s payout ratio is 34.88%.

Valero Energy News Summary

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

• Positive Sentiment: Valero hit a new 52-week high, signaling strong momentum as investors continue to bid up the shares. Valero Energy Corporation (VLO) Hits Fresh High: Is There Still Room to Run?
• Positive Sentiment: Recent earnings-related coverage remains upbeat after Valero beat first-quarter expectations and said refining margins should stay strong, reinforcing the case for higher profits. Valero Energy (VLO) Crushes Estimates in Q1, Expects Refining Margins to Remain Strong
• Positive Sentiment: Analysts and Zacks noted rising earnings estimates and a strong value profile, which can attract momentum and value investors alike. Earnings Estimates Rising for Valero Energy (VLO): Will It Gain?
• Positive Sentiment: Valero was also included on a Zacks list of strong growth stocks, adding to the bullish narrative around the name. Best Growth Stocks to Buy for May 18th
• Neutral Sentiment: One analyst, Erste Group Bank, trimmed FY2027 EPS slightly, but the change was small and the forecast still remains solid relative to current consensus. Valero Energy Corporation (VLO) Hits Fresh High: Is There Still Room to Run?

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on VLO. Barclays lifted their target price on shares of Valero Energy from $184.00 to $261.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Weiss Ratings upgraded Valero Energy from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Scotiabank increased their target price on Valero Energy from $178.00 to $226.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Piper Sandler upped their price target on Valero Energy from $236.00 to $263.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Finally, Citigroup increased their price objective on Valero Energy from $246.00 to $259.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $237.94.

About Valero Energy

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.