Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes Position in Valero Energy Corporation $VLO

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Valero Energy Corporation (NYSE:VLOFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,246 shares of the oil and gas company’s stock, valued at approximately $1,505,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPL Wealth Management LLC acquired a new position in shares of Valero Energy in the third quarter valued at approximately $27,000. Torren Management LLC acquired a new position in shares of Valero Energy in the fourth quarter valued at approximately $30,000. Cypress Capital Management LLC WY acquired a new position in shares of Valero Energy in the third quarter valued at approximately $34,000. Triumph Capital Management acquired a new position in shares of Valero Energy in the third quarter valued at approximately $35,000. Finally, Physician Wealth Advisors Inc. increased its stake in shares of Valero Energy by 145.3% in the third quarter. Physician Wealth Advisors Inc. now owns 211 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Barclays upped their price objective on Valero Energy from $184.00 to $261.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. UBS Group upped their price objective on Valero Energy from $215.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. BMO Capital Markets upped their price objective on Valero Energy from $230.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Wall Street Zen upgraded Valero Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. Finally, Piper Sandler upped their target price on Valero Energy from $236.00 to $263.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $237.94.

Read Our Latest Stock Report on Valero Energy

Insider Activity

In other Valero Energy news, SVP Eric A. Fisher sold 8,311 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $227.69, for a total transaction of $1,892,331.59. Following the transaction, the senior vice president directly owned 42,242 shares in the company, valued at approximately $9,618,080.98. This represents a 16.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.36% of the company’s stock.

Key Stories Impacting Valero Energy

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

Valero Energy Stock Performance

Shares of VLO stock opened at $240.91 on Friday. The business’s 50 day simple moving average is $241.58 and its 200 day simple moving average is $204.24. Valero Energy Corporation has a one year low of $125.10 and a one year high of $263.75. The stock has a market capitalization of $71.53 billion, a PE ratio of 17.51, a PEG ratio of 0.37 and a beta of 0.58. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.15.

Valero Energy (NYSE:VLOGet Free Report) last announced its earnings results on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, beating the consensus estimate of $3.16 by $1.06. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The business had revenue of $32.38 billion for the quarter, compared to analysts’ expectations of $31.38 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. As a group, research analysts forecast that Valero Energy Corporation will post 26.51 earnings per share for the current year.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, May 21st will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, May 21st. Valero Energy’s dividend payout ratio is presently 34.88%.

About Valero Energy

(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.

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

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