Cibc World Market Inc. Sells 5,475 Shares of Valero Energy Corporation $VLO

Cibc World Market Inc. cut its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 4.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,359 shares of the oil and gas company’s stock after selling 5,475 shares during the quarter. Cibc World Market Inc.’s holdings in Valero Energy were worth $18,960,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Woodline Partners LP lifted its holdings in Valero Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 26,747 shares of the oil and gas company’s stock worth $3,532,000 after purchasing an additional 7,735 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of 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 valued at $259,000 after buying an additional 222 shares during the last quarter. CWM LLC lifted its holdings in shares of Valero Energy by 8.5% in the second quarter. CWM LLC now owns 42,999 shares of the oil and gas company’s stock worth $5,780,000 after buying an additional 3,354 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Valero Energy by 7.5% during the second quarter. Sequoia Financial Advisors LLC now owns 20,401 shares of the oil and gas company’s stock worth $2,742,000 after acquiring an additional 1,426 shares during the last quarter. Finally, NorthRock Partners LLC grew its stake in Valero Energy by 19.8% during the second quarter. NorthRock Partners LLC now owns 4,403 shares of the oil and gas company’s stock valued at $592,000 after acquiring an additional 728 shares in the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VLO has been the topic of several research analyst reports. Mizuho reiterated a “neutral” rating and issued a $192.00 price target (up previously from $190.00) on shares of Valero Energy in a research note on Friday, December 12th. Barclays lifted their target price on Valero Energy from $169.00 to $184.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. JPMorgan Chase & Co. increased their price target on Valero Energy from $197.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. Wells Fargo & Company upped their price objective on Valero Energy from $216.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Finally, Piper Sandler raised their target price on shares of Valero Energy from $217.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Valero Energy presently has an average rating of “Moderate Buy” and an average price target of $187.67.

Valero Energy Stock Down 3.4%

Valero Energy stock opened at $196.97 on Friday. The business has a fifty day moving average of $178.91 and a two-hundred day moving average of $166.84. The company has a quick ratio of 1.09, a current ratio of 1.60 and a debt-to-equity ratio of 0.36. Valero Energy Corporation has a twelve month low of $99.00 and a twelve month high of $206.77. The firm has a market cap of $60.08 billion, a P/E ratio of 25.78, a P/E/G ratio of 1.11 and a beta of 0.77.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, January 29th. The oil and gas company reported $3.82 EPS for the quarter, beating the consensus estimate of $3.27 by $0.55. Valero Energy had a return on equity of 12.34% and a net margin of 1.91%.The firm had revenue of $30.37 billion during the quarter, compared to analyst estimates of $28.20 billion. During the same quarter in the prior year, the business posted $0.64 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, analysts forecast that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Thursday, February 5th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, February 5th. This is an increase from Valero Energy’s previous quarterly dividend of $1.13. Valero Energy’s payout ratio is 62.83%.

Insiders Place Their Bets

In other Valero Energy news, CFO Jason W. Fraser sold 9,933 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $174.02, for a total transaction of $1,728,540.66. Following the transaction, the chief financial officer owned 134,196 shares in the company, valued at approximately $23,352,787.92. This represents a 6.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.04% of the company’s stock.

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.