Valero Energy Corporation $VLO Shares Bought by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC lifted its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 119.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,844 shares of the oil and gas company’s stock after buying an additional 3,721 shares during the period. Impact Partnership Wealth LLC’s holdings in Valero Energy were worth $1,691,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Premier Path Wealth Partners LLC raised its position in Valero Energy by 8.7% in the first quarter. Premier Path Wealth Partners LLC now owns 2,142 shares of the oil and gas company’s stock worth $529,000 after acquiring an additional 172 shares in the last quarter. Granite Harbor Advisors Inc. purchased a new stake in shares of Valero Energy during the 1st quarter worth $292,000. Mayflower Financial Advisors LLC acquired a new position in shares of Valero Energy during the 1st quarter worth $299,000. Moss Adams Wealth Advisors LLC purchased a new position in shares of Valero Energy in the 1st quarter valued at about $214,000. Finally, Drucker Wealth 3.0 LLC increased its holdings in shares of Valero Energy by 4.4% in the 1st quarter. Drucker Wealth 3.0 LLC now owns 2,084 shares of the oil and gas company’s stock valued at $515,000 after purchasing an additional 88 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Price Performance

Shares of NYSE VLO opened at $260.62 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $247.50 and its 200 day moving average price is $218.91. Valero Energy Corporation has a 52 week low of $130.78 and a 52 week high of $272.17. The stock has a market cap of $77.39 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 0.38 and a beta of 0.55.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.16 by $1.06. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The company had revenue of $32.38 billion during the quarter, compared to analysts’ expectations of $31.38 billion. During the same quarter in the previous year, the business posted $0.89 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, research analysts forecast that Valero Energy Corporation will post 27.45 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, May 21st were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Thursday, May 21st. Valero Energy’s payout ratio is currently 34.88%.

Wall Street Analyst Weigh In

VLO has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price objective on shares of Valero Energy from $220.00 to $292.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. TD Cowen increased their target price on shares of Valero Energy from $276.00 to $292.00 and gave the company a “hold” rating in a report on Monday. BMO Capital Markets lifted their price target on shares of Valero Energy from $230.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Weiss Ratings raised Valero Energy from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Finally, Wall Street Zen upgraded Valero Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and an average target price of $246.53.

Insider Transactions at Valero Energy

In related news, SVP Eric A. Fisher sold 7,500 shares of the company’s stock in a transaction that occurred on 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 sale, the senior vice president owned 19,742 shares of the company’s stock, valued at approximately $5,294,212.14. This represents a 27.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.36% of the company’s stock.

Valero Energy Company 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.