United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Acquires 700 Shares of Valero Energy Corporation $VLO

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 12.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,500 shares of the oil and gas company’s stock after purchasing an additional 700 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Valero Energy were worth $874,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in VLO. Hoey Investments Inc. bought a new position in Valero Energy during the second quarter worth $26,000. GFG Capital LLC bought a new position in shares of Valero Energy during the 2nd quarter worth about $27,000. Hantz Financial Services Inc. raised its position in shares of Valero Energy by 1,277.8% during the second quarter. Hantz Financial Services Inc. now owns 248 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 230 shares during the last quarter. Ransom Advisory Ltd bought a new stake in shares of Valero Energy in the first quarter valued at about $43,000. Finally, Hemington Wealth Management grew its position in Valero Energy by 39.9% during the first quarter. Hemington Wealth Management now owns 333 shares of the oil and gas company’s stock worth $43,000 after buying an additional 95 shares in the last quarter. 78.69% of the stock is owned by institutional investors.

Insider Buying and Selling at Valero Energy

In related news, CFO Jason W. Fraser sold 9,933 shares of Valero Energy stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $174.02, for a total value of $1,728,540.66. Following the completion of the transaction, the chief financial officer directly owned 134,196 shares of the company’s stock, valued at $23,352,787.92. The trade was a 6.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on VLO. Jefferies Financial Group raised their target price on Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Wall Street Zen downgraded shares of Valero Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Erste Group Bank started coverage on shares of Valero Energy in a research report on Monday, November 10th. They set a “buy” rating on the stock. Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $152.00 to $179.00 in a research report on Wednesday, September 3rd. Finally, UBS Group reaffirmed a “buy” rating and set a $183.00 price objective on shares of Valero Energy in a report on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and a consensus target price of $182.00.

Valero Energy Stock Performance

NYSE VLO opened at $174.59 on Thursday. Valero Energy Corporation has a 1-year low of $99.00 and a 1-year high of $185.62. The company has a 50 day moving average of $169.48 and a 200-day moving average of $150.84. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36. The firm has a market cap of $53.25 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 1.77 and a beta of 1.01.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, topping the consensus estimate of $3.15 by $0.51. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The business had revenue of $32.17 billion for the quarter, compared to the consensus estimate of $28.80 billion. During the same period in the previous year, the business earned $1.14 EPS. Valero Energy’s revenue was down 2.2% compared to the same quarter last year. On average, equities analysts forecast that Valero Energy Corporation will post 7.92 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 Thursday, December 18th. Stockholders of record on Thursday, November 20th will be paid a $1.13 dividend. The ex-dividend date is Thursday, November 20th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.6%. Valero Energy’s dividend payout ratio (DPR) is 94.36%.

Valero Energy Company Profile

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.