United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases 2,200 Shares of Valero Energy Corporation $VLO

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its position in shares of Valero Energy Corporation (NYSE:VLO) by 20.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,800 shares of the oil and gas company’s stock after buying an additional 2,200 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 $3,334,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC raised its stake in shares of Valero Energy by 0.6% during the 1st quarter. V Square Quantitative Management LLC now owns 6,670 shares of the oil and gas company’s stock worth $1,648,000 after acquiring an additional 42 shares in the last quarter. M.E. Allison & CO. Inc. boosted its stake in Valero Energy by 5.8% in the second quarter. M.E. Allison & CO. Inc. now owns 916 shares of the oil and gas company’s stock valued at $239,000 after acquiring an additional 50 shares in the last quarter. CYBER HORNET ETFs LLC boosted its stake in Valero Energy by 5.5% in the fourth quarter. CYBER HORNET ETFs LLC now owns 975 shares of the oil and gas company’s stock valued at $159,000 after acquiring an additional 51 shares in the last quarter. Bruce G. Allen Investments LLC grew its holdings in Valero Energy by 32.9% in the fourth quarter. Bruce G. Allen Investments LLC now owns 206 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 51 shares during the last quarter. Finally, Gradient Investments LLC grew its holdings in Valero Energy by 1.1% in the second quarter. Gradient Investments LLC now owns 4,810 shares of the oil and gas company’s stock worth $1,253,000 after purchasing an additional 51 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on VLO shares. Jefferies Financial Group set a $350.00 price objective on Valero Energy in a report on Monday, August 3rd. Piper Sandler restated an “overweight” rating and set a $329.00 target price on shares of Valero Energy in a research note on Thursday, July 23rd. Wolfe Research reaffirmed an “underperform” rating and set a $203.00 target price on shares of Valero Energy in a research report on Tuesday, April 21st. Wells Fargo & Company increased their price target on Valero Energy from $292.00 to $356.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, Morgan Stanley raised their price target on Valero Energy from $232.00 to $255.00 and gave the stock an “equal weight” rating in a report on Friday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $288.00.

Insider Buying and Selling at Valero Energy

In other news, SVP Eric A. Fisher sold 7,500 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $268.17, for a total value of $2,011,275.00. Following the transaction, the senior vice president directly owned 19,742 shares of the company’s stock, valued at approximately $5,294,212.14. This represents a 27.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Valero Energy Trading Down 0.1%

NYSE:VLO opened at $341.36 on Monday. Valero Energy Corporation has a 12 month low of $135.01 and a 12 month high of $346.09. The firm has a fifty day simple moving average of $283.92 and a 200-day simple moving average of $248.42. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $98.29 billion, a P/E ratio of 14.16, a PEG ratio of 0.23 and a beta of 0.55.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share for the quarter, beating analysts’ consensus estimates of $10.11 by $2.43. The firm had revenue of $44.48 billion for the quarter, compared to analyst estimates of $39.47 billion. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The business’s quarterly revenue was up 48.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.28 earnings per share. On average, equities research analysts anticipate that Valero Energy Corporation will post 40.62 earnings per share for the current year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, July 31st will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, July 31st. Valero Energy’s payout ratio is presently 19.92%.

Valero Energy Profile

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.